Guardian Wealth Management Inc. boosted its holdings in LKQ Co. (NASDAQ:LKQ - Free Report) by 55.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 79,092 shares of the auto parts company's stock after purchasing an additional 28,275 shares during the period. LKQ comprises 3.2% of Guardian Wealth Management Inc.'s holdings, making the stock its 6th largest position. Guardian Wealth Management Inc.'s holdings in LKQ were worth $3,780,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. CVA Family Office LLC purchased a new position in shares of LKQ in the fourth quarter worth $26,000. Private Trust Co. NA increased its position in LKQ by 228.4% during the fourth quarter. Private Trust Co. NA now owns 647 shares of the auto parts company's stock valued at $31,000 after acquiring an additional 450 shares during the last quarter. Headinvest LLC bought a new position in shares of LKQ in the 3rd quarter worth approximately $34,000. Bruce G. Allen Investments LLC purchased a new position in shares of LKQ during the 4th quarter worth $37,000. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in LKQ by 40.8% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 777 shares of the auto parts company's stock valued at $37,000 after purchasing an additional 225 shares during the period. Institutional investors own 95.63% of the company's stock.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the company. StockNews.com downgraded LKQ from a "buy" rating to a "hold" rating in a research report on Friday, February 23rd. Stifel Nicolaus reissued a "buy" rating and set a $66.00 price target on shares of LKQ in a research report on Tuesday, April 9th. Roth Mkm restated a "buy" rating and set a $65.00 target price on shares of LKQ in a research note on Tuesday, April 23rd. 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. Finally, 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 report on Wednesday, April 24th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, LKQ presently has a consensus rating of "Moderate Buy" and an average price target of $61.60.
Get Our Latest Research Report on LKQ
LKQ Trading Down 1.1 %
LKQ stock traded down $0.46 during midday trading on Thursday, reaching $41.24. The stock had a trading volume of 1,059,245 shares, compared to its average volume of 1,730,834. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.68 and a current ratio of 1.70. The stock has a market capitalization of $11.00 billion, a PE ratio of 13.44 and a beta of 1.28. The stock's 50-day simple moving average is $44.96 and its 200 day simple moving average is $47.47. LKQ Co. has a twelve month low of $40.97 and a twelve month high of $59.38.
LKQ (NASDAQ:LKQ - Get Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The auto parts company reported $0.82 EPS for the quarter, missing analysts' consensus estimates of $0.95 by ($0.13). LKQ had a return on equity of 15.94% and a net margin of 5.79%. The company had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter in the previous year, the company earned $1.04 earnings per share. LKQ's quarterly revenue was up 10.6% compared to the same quarter last year. Analysts expect that LKQ Co. will post 3.92 EPS for the current year.
LKQ Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.91%. The ex-dividend date was Wednesday, May 15th. LKQ's dividend payout ratio is currently 38.96%.
Insider Transactions at LKQ
In other news, Director Xavier Urbain sold 867 shares of the business's stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $44.50, for a total value of $38,581.50. Following the sale, the director now owns 15,606 shares in the company, valued at approximately $694,467. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.45% of the company's stock.
About LKQ
(Free Report)
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.
Featured Articles
- Five stocks we like better than LKQ
- How to Invest in the Best Canadian Stocks
- Uptrend Stocks Explained: Learn How to Trade Using Uptrends
- The FOMC Decision Means Higher Prices for Stocks This Summer
- Profitably Trade Stocks at 52-Week Highs
- Here's Why Analysts Boosted Walmart Stock's Valuation
→ Discover How to Turn $10,000 into $1 Million (From Paradigm Press) (Ad)
Should you invest $1,000 in LKQ right now?
Before you consider LKQ, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and LKQ wasn't on the list.
While LKQ currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Ten Starter Stocks For Beginners to Buy Now
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
