Threadgill Financial LLC Purchases 277 Shares of LKQ Co. (NASDAQ:LKQ)

Threadgill Financial LLC raised its position in shares of LKQ Co. (NASDAQ:LKQ) by 1.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,650 shares of the auto parts company’s stock after buying an additional 277 shares during the quarter. LKQ comprises 0.8% of Threadgill Financial LLC’s portfolio, making the stock its 28th biggest holding. Threadgill Financial LLC’s holdings in LKQ were worth $1,274,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. OFI Invest Asset Management purchased a new position in shares of LKQ in the third quarter valued at $26,000. CVA Family Office LLC bought a new position in LKQ during the fourth quarter valued at $26,000. Clear Street Markets LLC grew its stake in shares of LKQ by 94.1% in the 1st quarter. Clear Street Markets LLC now owns 497 shares of the auto parts company’s stock worth $28,000 after buying an additional 241 shares in the last quarter. Covestor Ltd increased its holdings in shares of LKQ by 81.1% in the 1st quarter. Covestor Ltd now owns 623 shares of the auto parts company’s stock worth $28,000 after buying an additional 279 shares during the last quarter. Finally, BOK Financial Private Wealth Inc. purchased a new stake in shares of LKQ during the 3rd quarter valued at about $33,000. 95.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on LKQ. StockNews.com lowered LKQ from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. Barrington Research reaffirmed an “outperform” rating and set a $60.00 target price on shares of LKQ in a research note on Thursday, February 22nd. Finally, JPMorgan Chase & Co. decreased their price target on LKQ from $65.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, January 25th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $63.50.

LKQ Price Performance

Shares of LKQ stock opened at $53.15 on Thursday. The company’s 50-day simple moving average is $50.08 and its two-hundred day simple moving average is $48.23. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.47 and a quick ratio of 0.53. LKQ Co. has a one year low of $41.49 and a one year high of $59.38. The company has a market capitalization of $14.18 billion, a P/E ratio of 15.19 and a beta of 1.29.

LKQ (NASDAQ:LKQ) last issued its earnings results on Thursday, February 22nd. The auto parts company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.08. LKQ had a return on equity of 17.24% and a net margin of 6.75%. The business had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.52 billion. During the same period in the prior year, the business earned $0.78 EPS. The business’s revenue for the quarter was up 16.7% compared to the same quarter last year. As a group, equities analysts anticipate that LKQ Co. will post 4.06 EPS for the current year.

LKQ Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, March 13th. This represents a $1.20 dividend on an annualized basis and a yield of 2.26%. LKQ’s dividend payout ratio is presently 34.29%.

Insider Transactions at LKQ

In other LKQ news, CEO Dominick P. Zarcone sold 200,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $51.97, for a total value of $10,394,000.00. Following the completion of the sale, the chief executive officer now directly owns 386,522 shares in the company, valued at $20,087,548.34. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.55% of the company’s stock.

About LKQ

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.