LKQ Co. (NASDAQ:LKQ) Shares Sold by Tredje AP fonden

Tredje AP fonden reduced its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 50.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,037 shares of the auto parts company’s stock after selling 21,036 shares during the quarter. Tredje AP fonden’s holdings in LKQ were worth $773,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in LKQ. Cromwell Holdings LLC lifted its holdings in shares of LKQ by 81.0% in the 4th quarter. Cromwell Holdings LLC now owns 742 shares of the auto parts company’s stock valued at $27,000 after purchasing an additional 332 shares during the last quarter. Private Trust Co. NA lifted its stake in LKQ by 31.2% in the third quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company’s stock valued at $50,000 after buying an additional 299 shares during the last quarter. CENTRAL TRUST Co boosted its holdings in shares of LKQ by 618.0% in the fourth 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 during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of LKQ during the third quarter worth approximately $81,000. Finally, Allworth Financial LP increased its holdings in shares of LKQ by 107.8% in the 4th quarter. Allworth Financial LP now owns 2,099 shares of the auto parts company’s stock valued at $82,000 after acquiring an additional 1,089 shares during the period. Hedge funds and other institutional investors own 95.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. StockNews.com cut shares of LKQ from a “buy” rating to a “hold” rating in a research note on Saturday, March 1st. Barrington Research reissued an “outperform” rating and set a $60.00 price target on shares of LKQ in a report on Thursday, February 20th. Finally, JPMorgan Chase & Co. upped their price objective on LKQ from $48.00 to $49.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, LKQ presently has a consensus rating of “Moderate Buy” and an average price target of $52.60.

Insiders Place Their Bets

In other news, Director Dominick P. Zarcone sold 5,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $36.14, for a total value of $180,700.00. Following the completion of the transaction, the director now owns 369,462 shares in the company, valued at $13,352,356.68. This trade represents a 1.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Over the last three months, insiders have sold 35,000 shares of company stock worth $1,416,300. 0.45% of the stock is owned by company insiders.

LKQ Trading Up 0.9 %

NASDAQ LKQ opened at $41.66 on Friday. 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 capitalization of $10.80 billion, a P/E ratio of 15.90 and a beta of 1.27. LKQ Co. has a 52-week low of $35.56 and a 52-week high of $53.68. The firm has a 50-day moving average price of $39.30 and a 200 day moving average price of $38.94.

LKQ (NASDAQ:LKQ) last posted its quarterly 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. LKQ had a return on equity of 14.93% and a net margin of 4.81%. The firm had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.42 billion. Equities research analysts expect that LKQ Co. will post 3.57 EPS for the current year.

LKQ Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, March 13th. This represents a $1.20 annualized dividend and a yield of 2.88%. LKQ’s payout ratio is currently 45.80%.

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.