MMA Asset Management LLC Has $378,000 Holdings in LKQ Co. (NASDAQ:LKQ)

MMA Asset Management LLC lessened its stake in LKQ Co. (NASDAQ:LKQ) by 34.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,292 shares of the auto parts company’s stock after selling 5,298 shares during the quarter. MMA Asset Management LLC’s holdings in LKQ were worth $378,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. OLD Second National Bank of Aurora increased its position in LKQ by 0.7% in the 4th 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. Private Trust Co. NA grew its position in shares of LKQ by 31.2% during the 3rd quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company’s stock worth $50,000 after buying an additional 299 shares during the period. Asset Management One Co. Ltd. grew its position in shares of LKQ by 0.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 103,156 shares of the auto parts company’s stock worth $4,118,000 after buying an additional 306 shares during the period. Cromwell Holdings LLC grew its position 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 during the period. Finally, Exchange Traded Concepts LLC grew its position in shares of LKQ by 9.3% during the 4th quarter. Exchange Traded Concepts LLC now owns 4,841 shares of the auto parts company’s stock worth $178,000 after buying an additional 412 shares during the period. Institutional investors and hedge funds own 95.63% of the company’s stock.

LKQ Stock Up 0.8 %

Shares of NASDAQ LKQ opened at $42.19 on Friday. The stock has a market cap of $10.93 billion, a P/E ratio of 16.10 and a beta of 1.29. The firm has a 50 day moving average price of $38.13 and a 200 day moving average price of $38.85. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.67 and a current ratio of 1.71. LKQ Co. has a 52-week low of $35.56 and a 52-week high of $53.68.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings data on Thursday, February 20th. The auto parts company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.04. The firm had revenue of $3.36 billion during 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%. Analysts expect that LKQ Co. will post 3.57 EPS for the current year.

LKQ Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend is Thursday, March 13th. LKQ’s payout ratio is currently 45.80%.

Insider Buying and Selling at LKQ

In other LKQ news, Director Dominick P. Zarcone sold 5,000 shares of LKQ stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $36.84, for a total value of $184,200.00. Following the transaction, the director now owns 374,462 shares of the company’s stock, valued at approximately $13,795,180.08. The trade was a 1.32 % 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 quarter, insiders have sold 20,000 shares of company stock valued at $781,500. 0.55% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Barrington Research reiterated an “outperform” rating and set a $60.00 price target on shares of LKQ in a research report on Thursday, February 20th. StockNews.com cut shares of LKQ from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, JPMorgan Chase & Co. lifted their price target on shares of LKQ from $48.00 to $49.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $52.60.

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.