LKQ Co. (NASDAQ:LKQ) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC reduced its position in shares of LKQ Co. (NASDAQ:LKQ) by 21.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,715 shares of the auto parts company’s stock after selling 4,073 shares during the period. Commonwealth Equity Services LLC’s holdings in LKQ were worth $541,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LKQ. Pacer Advisors Inc. raised its holdings in shares of LKQ by 112.9% in the 4th quarter. Pacer Advisors Inc. now owns 42,563 shares of the auto parts company’s stock worth $1,564,000 after purchasing an additional 22,575 shares in the last quarter. Nordea Investment Management AB grew its position in LKQ by 11.0% in the fourth quarter. Nordea Investment Management AB now owns 8,406,444 shares of the auto parts company’s stock worth $309,609,000 after buying an additional 833,519 shares during the last quarter. Rehmann Capital Advisory Group bought a new position in shares of LKQ in the third quarter valued at $634,000. Illinois Municipal Retirement Fund lifted its position in shares of LKQ by 58.8% during the 4th quarter. Illinois Municipal Retirement Fund now owns 268,031 shares of the auto parts company’s stock valued at $9,850,000 after acquiring an additional 99,229 shares during the last quarter. Finally, Ninety One UK Ltd boosted its stake in shares of LKQ by 28.5% during the 4th quarter. Ninety One UK Ltd now owns 833,015 shares of the auto parts company’s stock worth $30,613,000 after acquiring an additional 184,710 shares in the last quarter. 95.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on LKQ shares. JPMorgan Chase & Co. boosted their target price on LKQ from $48.00 to $49.00 and gave the stock an “overweight” rating in a research 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 reiterated an “outperform” rating and issued a $60.00 target price on shares of LKQ in a report on Thursday, February 20th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, LKQ presently has an average rating of “Buy” and an average price target of $52.60.

LKQ Stock Down 2.1 %

NASDAQ:LKQ opened at $41.29 on Friday. The business’s fifty day moving average price is $40.52 and its 200 day moving average price is $39.06. The firm has a market capitalization of $10.68 billion, a price-to-earnings ratio of 15.76 and a beta of 1.28. The company has a current ratio of 1.71, a quick ratio of 0.67 and a debt-to-equity ratio of 0.68. LKQ Co. has a 1-year low of $35.56 and a 1-year high of $52.06.

LKQ (NASDAQ:LKQ) last issued its earnings results on Thursday, February 20th. The auto parts company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.04. The company had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.42 billion. LKQ had a return on equity of 14.93% and a net margin of 4.81%. On average, sell-side analysts forecast that LKQ Co. will post 3.57 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend was Thursday, March 13th. LKQ’s dividend payout ratio (DPR) is currently 45.80%.

Insider Activity

In other news, Director Dominick P. Zarcone sold 15,000 shares of LKQ stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $42.15, for a total transaction of $632,250.00. Following the completion of the sale, the director now directly owns 321,135 shares in the company, valued at $13,535,840.25. The trade was a 4.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 45,000 shares of company stock worth $1,864,350 in the last ninety days. Corporate insiders own 0.55% of the company’s stock.

LKQ Company 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.