LKQ Co. (NASDAQ:LKQ) Stock Holdings Trimmed by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC decreased its position in LKQ Co. (NASDAQ:LKQ) by 4.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 558,244 shares of the auto parts company’s stock after selling 25,620 shares during the quarter. Anchor Capital Advisors LLC owned 0.21% of LKQ worth $26,678,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. CVA Family Office LLC bought a new position in LKQ in the fourth quarter worth about $26,000. OFI Invest Asset Management bought a new stake in shares of LKQ in the 3rd quarter worth approximately $26,000. Private Trust Co. NA boosted its position in LKQ by 228.4% during the 4th quarter. Private Trust Co. NA now owns 647 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 450 shares during the period. Headinvest LLC bought a new position in LKQ during the 3rd quarter worth $34,000. Finally, NBC Securities Inc. bought a new stake in LKQ in the third quarter valued at $34,000. 95.63% of the stock is currently owned by institutional investors.

LKQ Price Performance

Shares of LKQ stock traded up $0.12 during mid-day trading on Monday, hitting $43.76. 1,764,395 shares of the stock traded hands, compared to its average volume of 1,710,182. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.68 and a current ratio of 1.70. The firm has a market cap of $11.67 billion, a price-to-earnings ratio of 14.26 and a beta of 1.28. The company’s 50-day simple moving average is $50.72 and its 200-day simple moving average is $48.14. LKQ Co. has a twelve month low of $41.30 and a twelve month high of $59.38.

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). LKQ had a return on equity of 15.94% and a net margin of 5.79%. The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same period in the previous year, the firm earned $1.04 earnings per share. LKQ’s revenue was up 10.6% on a year-over-year basis. As a group, equities research analysts expect that LKQ Co. will post 3.94 earnings per share for the current year.

LKQ Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, May 16th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend is Wednesday, May 15th. LKQ’s dividend payout ratio is presently 38.96%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on LKQ. Robert W. Baird lowered their price target on shares of LKQ from $58.00 to $54.00 and set an “outperform” rating for the company in a research report on Wednesday, April 24th. JPMorgan Chase & Co. dropped their price target on shares of LKQ from $65.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday, January 25th. Roth Mkm reiterated a “buy” rating and set a $65.00 price objective on shares of LKQ in a research report on Tuesday, April 23rd. Stifel Nicolaus restated a “buy” rating and issued a $66.00 target price on shares of LKQ in a research report on Tuesday, April 9th. Finally, StockNews.com downgraded LKQ from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $61.60.

Insider Buying and Selling

In other news, CEO Dominick P. Zarcone sold 200,000 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $51.97, for a total transaction of $10,394,000.00. Following the sale, the chief executive officer now directly owns 386,522 shares of the company’s stock, valued at $20,087,548.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.45% of the stock is currently owned by insiders.

LKQ Company 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.