LKQ Co. (NASDAQ:LKQ) Stock Holdings Lowered by Ossiam

Ossiam trimmed its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 14.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,420 shares of the auto parts company’s stock after selling 1,551 shares during the period. Ossiam’s holdings in LKQ were worth $346,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Cromwell Holdings LLC boosted its position in LKQ by 81.0% during the fourth 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. CENTRAL TRUST Co increased its position in LKQ by 618.0% during the fourth quarter. CENTRAL TRUST Co now owns 1,673 shares of the auto parts company’s stock worth $61,000 after acquiring an additional 1,440 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of LKQ during the third quarter valued at about $81,000. Allworth Financial LP raised its holdings in 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 in the last quarter. Finally, Blue Trust Inc. lifted its position in LKQ by 25.9% in the fourth quarter. Blue Trust Inc. now owns 2,847 shares of the auto parts company’s stock worth $105,000 after purchasing an additional 585 shares during the period. 95.63% of the stock is currently owned by institutional investors and hedge funds.

LKQ Stock Performance

Shares of LKQ stock opened at $42.26 on Wednesday. The firm has a market capitalization of $10.93 billion, a price-to-earnings ratio of 16.13 and a beta of 1.09. The business’s 50-day moving average price is $41.48 and its 200-day moving average price is $39.16. 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 12 month low of $35.56 and a 12 month high of $46.76.

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

LKQ Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date was Thursday, March 13th. LKQ’s payout ratio is presently 45.80%.

Insider Transactions at LKQ

In related news, Director Dominick P. Zarcone sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $42.15, for a total value of $632,250.00. Following the completion of the sale, the director now owns 321,135 shares in the company, valued at $13,535,840.25. The trade was a 4.46 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Over the last quarter, insiders have sold 45,000 shares of company stock valued at $1,864,350. 0.55% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Barrington Research reiterated an “outperform” rating and issued a $60.00 price target on shares of LKQ in a research report on Monday. StockNews.com raised LKQ from a “hold” rating to a “buy” rating in a report on Thursday, March 20th. Finally, JPMorgan Chase & Co. raised their price objective on shares of LKQ from $48.00 to $49.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $52.60.

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.