LKQ Co. (NASDAQ:LKQ) Director Dominick P. Zarcone Sells 15,000 Shares

LKQ Co. (NASDAQ:LKQ) Director Dominick P. Zarcone sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $42.32, for a total transaction of $634,800.00. Following the transaction, the director now directly owns 336,135 shares in the company, valued at approximately $14,225,233.20. This trade represents a 4.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

LKQ Trading Down 0.1 %

Shares of NASDAQ:LKQ opened at $42.05 on Thursday. The company has a market capitalization of $10.90 billion, a PE ratio of 16.05 and a beta of 1.29. The company has a current ratio of 1.71, a quick ratio of 0.67 and a debt-to-equity ratio of 0.68. LKQ Co. has a 12-month low of $35.56 and a 12-month high of $53.68. The business’s fifty day simple moving average is $38.34 and its 200-day simple moving average is $38.88.

LKQ (NASDAQ:LKQ) last released its quarterly earnings results on Thursday, February 20th. The auto parts company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.76 by $0.04. LKQ had a net margin of 4.81% and a return on equity of 14.93%. The business had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.42 billion. As a group, equities research analysts predict that LKQ Co. will post 3.57 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date is Thursday, March 13th. LKQ’s dividend payout ratio (DPR) is presently 45.80%.

Wall Street Analyst Weigh In

LKQ has been the topic of several research reports. StockNews.com downgraded LKQ from a “buy” rating to a “hold” rating in a report on Saturday, March 1st. Barrington Research restated an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a report on Thursday, February 20th. Finally, JPMorgan Chase & Co. upped their price objective on shares of LKQ from $48.00 to $49.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, LKQ currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.60.

Institutional Trading of LKQ

Large investors have recently bought and sold shares of the stock. Catalyst Capital Advisors LLC acquired a new position in shares of LKQ in the third quarter valued at about $25,000. Cromwell Holdings LLC raised its position in shares of LKQ by 81.0% in the fourth quarter. Cromwell Holdings LLC now owns 742 shares of the auto parts company’s stock worth $27,000 after acquiring an additional 332 shares during the period. Private Trust Co. NA raised its holdings in LKQ by 31.2% in the 3rd quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company’s stock worth $50,000 after purchasing an additional 299 shares during the period. Kennebec Savings Bank purchased a new position in shares of LKQ during the 3rd quarter valued at approximately $57,000. Finally, CENTRAL TRUST Co lifted its holdings in LKQ by 618.0% during the fourth quarter. CENTRAL TRUST Co now owns 1,673 shares of the auto parts company’s stock valued at $61,000 after purchasing an additional 1,440 shares in the last quarter. Hedge funds and other institutional investors own 95.63% of the company’s stock.

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.