Oliver Luxxe Assets LLC Sells 18,785 Shares of LKQ Co. (NASDAQ:LKQ)

Oliver Luxxe Assets LLC cut its position in LKQ Co. (NASDAQ:LKQ) by 14.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 114,060 shares of the auto parts company’s stock after selling 18,785 shares during the quarter. LKQ makes up approximately 1.3% of Oliver Luxxe Assets LLC’s investment portfolio, making the stock its 22nd largest holding. Oliver Luxxe Assets LLC’s holdings in LKQ were worth $6,092,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Choreo LLC acquired a new position in shares of LKQ during the fourth quarter valued at about $851,000. Homestead Advisers Corp purchased a new stake in LKQ in the fourth quarter valued at approximately $20,583,000. Osborne Partners Capital Management LLC purchased a new stake in LKQ in the fourth quarter valued at approximately $5,888,000. KBC Group NV boosted its position in LKQ by 49.2% in the fourth quarter. KBC Group NV now owns 689,041 shares of the auto parts company’s stock valued at $32,929,000 after buying an additional 227,314 shares during the last quarter. Finally, River Road Asset Management LLC boosted its position in LKQ by 2.5% in the 4th quarter. River Road Asset Management LLC now owns 4,690,401 shares of the auto parts company’s stock worth $224,154,000 after purchasing an additional 114,207 shares in the last quarter. Institutional investors and hedge funds own 95.63% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Robert W. Baird lowered their price objective on LKQ from $58.00 to $54.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 24th. Stifel Nicolaus reiterated a “buy” rating and set a $66.00 target price on shares of LKQ in a research report on Tuesday, April 9th. Barrington Research reissued an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a research note on Friday, April 19th. Finally, Roth Mkm reissued a “buy” rating and issued a $65.00 price objective on shares of LKQ in a research note on Tuesday, April 23rd. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, LKQ currently has a consensus rating of “Moderate Buy” and an average target price of $61.60.

Insiders Place Their Bets

In other LKQ news, Director Xavier Urbain sold 867 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $44.50, for a total transaction of $38,581.50. Following the sale, the director now directly owns 15,606 shares in the company, valued at $694,467. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.45% of the stock is owned by company insiders.

LKQ Stock Performance

LKQ traded down $0.17 during trading on Monday, hitting $41.42. 606,429 shares of the stock were exchanged, compared to its average volume of 1,749,273. The firm has a market capitalization of $11.05 billion, a P/E ratio of 13.50 and a beta of 1.29. LKQ Co. has a 1-year low of $39.72 and a 1-year high of $59.38. The stock has a fifty day moving average price of $42.90 and a two-hundred day moving average price of $47.15. The company has a quick ratio of 0.68, a current ratio of 1.70 and a debt-to-equity ratio of 0.67.

LKQ (NASDAQ:LKQ) last released its earnings results on Tuesday, April 23rd. The auto parts company reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.13). The company had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.76 billion. LKQ had a net margin of 5.79% and a return on equity of 15.94%. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.04 EPS. As a group, sell-side analysts predict that LKQ Co. will post 3.93 earnings per share for the current year.

LKQ Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 16th were paid a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.90%. LKQ’s dividend payout ratio (DPR) is presently 38.96%.

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.