Forvis Mazars Wealth Advisors LLC Trims Position in LKQ Co. (NASDAQ:LKQ)

Forvis Mazars Wealth Advisors LLC trimmed its position in shares of LKQ Co. (NASDAQ:LKQ) by 0.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 94,268 shares of the auto parts company’s stock after selling 440 shares during the period. Forvis Mazars Wealth Advisors LLC’s holdings in LKQ were worth $3,464,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pacer Advisors Inc. raised its position in LKQ by 112.9% in the fourth quarter. Pacer Advisors Inc. now owns 42,563 shares of the auto parts company’s stock valued at $1,564,000 after purchasing an additional 22,575 shares during the period. Nordea Investment Management AB raised its position in LKQ by 11.0% in the fourth quarter. Nordea Investment Management AB now owns 8,406,444 shares of the auto parts company’s stock valued at $309,609,000 after purchasing an additional 833,519 shares during the period. Rehmann Capital Advisory Group purchased a new position in LKQ in the third quarter valued at about $634,000. Ninety One UK Ltd raised its position in LKQ by 28.5% in the fourth quarter. Ninety One UK Ltd now owns 833,015 shares of the auto parts company’s stock valued at $30,613,000 after purchasing an additional 184,710 shares during the period. Finally, Quantbot Technologies LP raised its position in LKQ by 27,310.6% in the third quarter. Quantbot Technologies LP now owns 64,415 shares of the auto parts company’s stock valued at $2,571,000 after purchasing an additional 64,180 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 $40.49 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 business has a 50 day moving average of $37.63 and a two-hundred day moving average of $38.76. The company has a market cap of $10.53 billion, a P/E ratio of 15.45 and a beta of 1.29. LKQ Co. has a 52 week low of $35.56 and a 52 week high of $53.68.

LKQ (NASDAQ:LKQ) last announced its earnings results on Thursday, February 20th. The auto parts company reported $0.80 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $3.42 billion. As a group, analysts anticipate that LKQ Co. will post 3.57 EPS for the current year.

LKQ Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $1.20 annualized dividend and a yield of 2.96%. LKQ’s payout ratio is 45.80%.

Insider Buying and Selling at LKQ

In other LKQ news, Director Dominick P. Zarcone sold 10,000 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $41.66, for a total transaction of $416,600.00. Following the sale, the director now directly owns 359,462 shares of the company’s stock, valued at $14,975,186.92. The trade was a 2.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders have sold 20,000 shares of company stock valued at $781,500. Corporate insiders own 0.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on LKQ shares. StockNews.com lowered LKQ from a “buy” rating to a “hold” rating in a research report on Thursday. Barrington Research reiterated an “outperform” rating and issued a $60.00 price target on shares of LKQ in a research note on Thursday. Finally, JPMorgan Chase & Co. lifted their price target on LKQ from $48.00 to $49.00 and gave the stock an “overweight” rating in a research note on Friday. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $52.60.

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.