NEOS Investment Management LLC Has $411,000 Holdings in LKQ Co. (NASDAQ:LKQ)

NEOS Investment Management LLC boosted its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 28.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,183 shares of the auto parts company’s stock after purchasing an additional 2,483 shares during the period. NEOS Investment Management LLC’s holdings in LKQ were worth $411,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of LKQ. Cromwell Holdings LLC increased its stake 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 valued at $27,000 after buying an additional 332 shares in the last quarter. CENTRAL TRUST Co increased its position in LKQ by 618.0% in the 4th quarter. CENTRAL TRUST Co now owns 1,673 shares of the auto parts company’s stock valued at $61,000 after acquiring an additional 1,440 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of LKQ in the third quarter worth about $81,000. Allworth Financial LP lifted its position in shares of LKQ by 107.8% during the fourth quarter. Allworth Financial LP now owns 2,099 shares of the auto parts company’s stock worth $82,000 after purchasing an additional 1,089 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in shares of LKQ by 25.9% during the fourth quarter. Blue Trust Inc. now owns 2,847 shares of the auto parts company’s stock valued at $105,000 after purchasing an additional 585 shares during the last quarter. Institutional investors own 95.63% of the company’s stock.

LKQ Stock Up 2.3 %

Shares of LKQ stock opened at $42.54 on Tuesday. LKQ Co. has a 12 month low of $35.56 and a 12 month high of $53.53. The business has a fifty day simple moving average of $40.23 and a 200 day simple moving average of $38.98. The company has a quick ratio of 0.67, a current ratio of 1.71 and a debt-to-equity ratio of 0.68. The stock has a market cap of $11.00 billion, a PE ratio of 16.24 and a beta of 1.28.

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

LKQ Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $1.20 annualized dividend and a yield of 2.82%. LKQ’s dividend payout ratio (DPR) is presently 45.80%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. JPMorgan Chase & Co. upped their price objective on LKQ from $48.00 to $49.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. StockNews.com upgraded LKQ from a “hold” rating to a “buy” rating in a report on Thursday, March 20th. Finally, Barrington Research reissued an “outperform” rating and set a $60.00 price objective on shares of LKQ in a report on Thursday, February 20th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $52.60.

Insider Transactions at LKQ

In other news, Director Dominick P. Zarcone sold 5,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $36.84, for a total transaction of $184,200.00. Following the sale, the director now owns 374,462 shares of the company’s stock, valued at $13,795,180.08. This trade represents a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold a total of 35,000 shares of company stock valued at $1,416,300 over the last three months. 0.55% of the stock is currently owned by corporate insiders.

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.