Bruni J V & Co. Co. Has $26.84 Million Stake in LKQ Co. (NASDAQ:LKQ)

Bruni J V & Co. Co. cut its stake in shares of LKQ Co. (NASDAQ:LKQ) by 0.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 561,637 shares of the auto parts company’s stock after selling 1,637 shares during the period. LKQ comprises approximately 3.3% of Bruni J V & Co. Co.’s investment portfolio, making the stock its 17th biggest position. Bruni J V & Co. Co. owned approximately 0.21% of LKQ worth $26,841,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in the company. OFI Invest Asset Management acquired a new position in shares of LKQ during the third quarter valued at about $26,000. CVA Family Office LLC bought a new stake in LKQ in the 4th quarter valued at about $26,000. Private Trust Co. NA raised its stake in LKQ by 228.4% during the 4th quarter. Private Trust Co. NA now owns 647 shares of the auto parts company’s stock worth $31,000 after buying an additional 450 shares during the period. NBC Securities Inc. bought a new position in LKQ in the third quarter worth approximately $34,000. Finally, Headinvest LLC acquired a new stake in LKQ in the third quarter valued at approximately $34,000. 95.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on LKQ. Stifel Nicolaus reaffirmed a “buy” rating and set a $66.00 target price on shares of LKQ in a research report on Tuesday, April 9th. Barrington Research restated an “outperform” rating and issued a $60.00 target price on shares of LKQ in a report on Friday, April 19th. Roth Mkm reiterated a “buy” rating and set a $65.00 price target on shares of LKQ in a research note on Tuesday, April 23rd. Robert W. Baird decreased their price objective on LKQ from $58.00 to $54.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, JPMorgan Chase & Co. lowered their price target on LKQ from $65.00 to $63.00 and set an “overweight” rating for the company in a research report on Thursday, January 25th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, LKQ has an average rating of “Moderate Buy” and a consensus price target of $61.60.

LKQ Stock Performance

NASDAQ LKQ traded up $0.72 on Friday, hitting $43.64. 2,390,793 shares of the stock traded hands, compared to its average volume of 1,825,378. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.53 and a current ratio of 1.70. The business’s fifty day moving average is $50.72 and its two-hundred day moving average is $48.16. LKQ Co. has a 12 month low of $41.30 and a 12 month high of $59.38. The firm has a market capitalization of $11.64 billion, a price-to-earnings ratio of 14.17 and a beta of 1.28.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings results on Tuesday, April 23rd. The auto parts company reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.13). The firm had revenue of $3.70 billion for the quarter, compared to the consensus estimate 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 quarter in the previous year, the company posted $1.04 EPS. As a group, equities analysts anticipate that LKQ Co. will post 3.94 EPS for the current fiscal year.

LKQ Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, May 16th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date is Wednesday, May 15th. LKQ’s payout ratio is currently 38.96%.

Insider Buying and Selling

In other LKQ news, CEO Dominick P. Zarcone sold 200,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $51.97, for a total value of $10,394,000.00. Following the completion of the transaction, the chief executive officer now owns 386,522 shares in the company, valued at approximately $20,087,548.34. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.55% of the stock is owned by insiders.

LKQ 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.