LKQ Co. (NASDAQ:LKQ) Shares Sold by Sepio Capital LP

Sepio Capital LP decreased its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 47.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,864 shares of the auto parts company’s stock after selling 23,009 shares during the period. Sepio Capital LP’s holdings in LKQ were worth $951,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in LKQ. OLD Second National Bank of Aurora boosted its holdings in shares of LKQ by 0.7% in the fourth quarter. OLD Second National Bank of Aurora now owns 44,169 shares of the auto parts company’s stock valued at $1,623,000 after acquiring an additional 287 shares in the last quarter. Cromwell Holdings LLC raised its stake in shares of LKQ by 81.0% during the 4th quarter. Cromwell Holdings LLC now owns 742 shares of the auto parts company’s stock worth $27,000 after buying an additional 332 shares in the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of LKQ by 9.3% in the 4th quarter. Exchange Traded Concepts LLC now owns 4,841 shares of the auto parts company’s stock valued at $178,000 after buying an additional 412 shares during the period. Cornerstone Investment Partners LLC boosted its stake in shares of LKQ by 3.5% in the fourth quarter. Cornerstone Investment Partners LLC now owns 12,368 shares of the auto parts company’s stock valued at $455,000 after buying an additional 423 shares in the last quarter. Finally, Callan Family Office LLC grew its holdings in LKQ by 6.7% during the fourth quarter. Callan Family Office LLC now owns 7,698 shares of the auto parts company’s stock worth $283,000 after acquiring an additional 484 shares during the period. Hedge funds and other institutional investors own 95.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on LKQ shares. Barrington Research reaffirmed an “outperform” rating and set a $60.00 price target on shares of LKQ in a research note on Thursday, February 20th. StockNews.com raised LKQ from a “hold” rating to a “buy” rating in a research note on Thursday, March 20th. Finally, JPMorgan Chase & Co. raised 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. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $52.60.

Insider Activity

In related news, Director Dominick P. Zarcone sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $36.14, for a total value of $180,700.00. Following the sale, the director now directly owns 369,462 shares of the company’s stock, valued at approximately $13,352,356.68. This trade represents a 1.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 45,000 shares of company stock valued at $1,864,350 over the last quarter. Company insiders own 0.55% of the company’s stock.

LKQ Stock Performance

NASDAQ LKQ opened at $41.29 on Monday. 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 $10.68 billion, a price-to-earnings ratio of 15.76 and a beta of 1.09. LKQ Co. has a fifty-two week low of $35.56 and a fifty-two week high of $52.06. The business has a fifty day moving average of $40.52 and a 200-day moving average of $39.03.

LKQ (NASDAQ:LKQ) last released its quarterly 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 for the quarter, compared to analysts’ expectations of $3.42 billion. LKQ had a net margin of 4.81% and a return on equity of 14.93%. As a group, analysts predict that LKQ Co. will post 3.57 earnings per share for the current fiscal year.

LKQ Announces Dividend

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

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.