Intech Investment Management LLC Has $13.83 Million Stake in LKQ Co. (NASDAQ:LKQ)

Intech Investment Management LLC trimmed its position in shares of LKQ Co. (NASDAQ:LKQ) by 13.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 289,319 shares of the auto parts company’s stock after selling 43,966 shares during the period. Intech Investment Management LLC owned 0.11% of LKQ worth $13,827,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. CVA Family Office LLC acquired a new position in shares of LKQ in the fourth quarter valued at $26,000. Private Trust Co. NA increased its holdings in shares of LKQ by 228.4% in the fourth quarter. Private Trust Co. NA now owns 647 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 450 shares during the last quarter. NBC Securities Inc. acquired a new position in shares of LKQ in the third quarter valued at $34,000. Headinvest LLC acquired a new position in shares of LKQ in the third quarter valued at $34,000. Finally, Bruce G. Allen Investments LLC acquired a new position in shares of LKQ in the fourth quarter valued at $37,000. 95.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Robert W. Baird reduced their target price on shares of LKQ from $58.00 to $54.00 and set an “outperform” rating for the company in a research report on Wednesday, April 24th. Barrington Research reissued an “outperform” rating and issued a $60.00 target price on shares of LKQ in a research report on Friday, April 19th. Stifel Nicolaus reaffirmed a “buy” rating and set a $66.00 price objective on shares of LKQ in a research report on Tuesday, April 9th. Roth Mkm reaffirmed a “buy” rating and set a $65.00 price objective on shares of LKQ in a research report on Tuesday, April 23rd. Finally, StockNews.com cut shares of LKQ from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $61.60.

Insider Activity

In other news, Director Xavier Urbain sold 867 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $44.50, for a total value of $38,581.50. Following the completion of the transaction, the director now owns 15,606 shares of the company’s stock, valued at $694,467. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other LKQ news, CEO Dominick P. Zarcone sold 200,000 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $51.97, for a total transaction of $10,394,000.00. Following the completion of the sale, the chief executive officer now owns 386,522 shares of the company’s stock, valued at approximately $20,087,548.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Xavier Urbain sold 867 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $44.50, for a total transaction of $38,581.50. Following the sale, the director now directly owns 15,606 shares of the company’s stock, valued at approximately $694,467. The disclosure for this sale can be found here. 0.55% of the stock is currently owned by insiders.

LKQ Price Performance

NASDAQ LKQ traded up $0.52 during trading on Friday, hitting $42.92. 1,671,605 shares of the company’s stock were exchanged, compared to its average volume of 1,930,871. The company has a current ratio of 1.70, a quick ratio of 0.68 and a debt-to-equity ratio of 0.67. The company has a market cap of $11.45 billion, a PE ratio of 13.94 and a beta of 1.33. LKQ Co. has a fifty-two week low of $41.30 and a fifty-two week high of $59.38. The stock’s 50 day moving average price is $47.63 and its two-hundred day moving average price is $47.72.

LKQ (NASDAQ:LKQ) last issued its earnings results on Tuesday, April 23rd. The auto parts company reported $0.82 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.13). The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.76 billion. LKQ had a return on equity of 15.94% and a net margin of 5.79%. The firm’s revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.04 EPS. Research analysts expect that LKQ Co. will post 3.93 EPS for the current year.

LKQ Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Wednesday, May 15th. LKQ’s payout ratio is 38.96%.

LKQ Company Profile

LKQ Corporation engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories. It operates through four segments: Wholesale-North America, Europe, Specialty, and Self Service. The company distributes bumper covers, automotive body panels, and lights, as well as mechanical automotive parts and accessories; salvage products, including mechanical and collision parts comprising engines; transmissions; door assemblies; sheet metal products, such as trunk lids, fenders, and hoods; lights and bumper assemblies; scrap metal and other materials to metals recyclers; and brake pads, discs and sensors, clutches, steering and suspension products, filters, and oil and automotive fluids, as well as electrical products, including spark plugs and batteries.