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

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

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

LKQ Stock Performance

Shares of LKQ opened at $53.15 on Thursday. The firm’s fifty day simple moving average is $50.08 and its two-hundred day simple moving average is $48.23. LKQ Co. has a 12 month low of $41.49 and a 12 month high of $59.38. The stock has a market capitalization of $14.18 billion, a P/E ratio of 15.19 and a beta of 1.29. The company has a current ratio of 1.47, a quick ratio of 0.53 and a debt-to-equity ratio of 0.59.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings results on Thursday, February 22nd. The auto parts company reported $0.84 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $3.52 billion. During the same quarter in the prior year, the company earned $0.78 earnings per share. The company’s quarterly revenue was up 16.7% on a year-over-year basis. As a group, analysts predict that LKQ Co. will post 4.06 EPS for the current year.

LKQ Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th will be given a $0.30 dividend. The ex-dividend date is Wednesday, March 13th. This represents a $1.20 annualized dividend and a yield of 2.26%. LKQ’s dividend payout ratio is currently 34.29%.

Insider Buying and Selling at LKQ

In other news, CEO Dominick P. Zarcone sold 200,000 shares of LKQ stock in a transaction dated 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 transaction, the chief executive officer now owns 386,522 shares in the company, valued at $20,087,548.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.55% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.