LKQ Co. (NASDAQ:LKQ) Shares Sold by Modern Wealth Management LLC

Modern Wealth Management LLC reduced its holdings in LKQ Co. (NASDAQ:LKQ) by 15.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,802 shares of the auto parts company’s stock after selling 1,273 shares during the quarter. Modern Wealth Management LLC’s holdings in LKQ were worth $254,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. State Street Corp lifted its stake in shares of LKQ by 1.2% in the 3rd quarter. State Street Corp now owns 11,449,166 shares of the auto parts company’s stock worth $457,051,000 after acquiring an additional 134,176 shares during the period. Nordea Investment Management AB lifted 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 worth $309,609,000 after purchasing an additional 833,519 shares during the period. Geode Capital Management LLC boosted its stake in LKQ by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 6,542,740 shares of the auto parts company’s stock valued at $260,330,000 after purchasing an additional 21,161 shares in the last quarter. FMR LLC increased its position in shares of LKQ by 7.3% during the 3rd quarter. FMR LLC now owns 6,020,689 shares of the auto parts company’s stock valued at $240,346,000 after purchasing an additional 411,390 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of LKQ by 3.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,572,676 shares of the auto parts company’s stock worth $94,546,000 after buying an additional 84,244 shares in the last quarter. Institutional investors own 95.63% of the company’s stock.

Insider Transactions at LKQ

In other news, Director Dominick P. Zarcone sold 5,000 shares of the 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 completion of the sale, the director now directly owns 374,462 shares of the company’s stock, valued at $13,795,180.08. This represents a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 35,000 shares of company stock valued at $1,416,300 over the last quarter. Company insiders own 0.55% of the company’s stock.

LKQ Trading Up 0.5 %

NASDAQ:LKQ opened at $41.59 on Friday. The stock has a fifty day simple moving average of $40.14 and a 200 day simple moving average of $38.96. 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 firm has a market capitalization of $10.78 billion, a price-to-earnings ratio of 15.87 and a beta of 1.28. LKQ Co. has a 1-year low of $35.56 and a 1-year high of $53.53.

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 net margin of 4.81% and a return on equity of 14.93%. The company had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.42 billion. Sell-side analysts forecast that LKQ Co. will post 3.57 earnings per share for the current year.

LKQ Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.89%. LKQ’s payout ratio is currently 45.80%.

Analysts Set New Price Targets

Several research analysts recently weighed in on LKQ shares. Barrington Research reaffirmed an “outperform” rating and set a $60.00 target price on shares of LKQ in a research note on Thursday, February 20th. StockNews.com upgraded shares of LKQ from a “hold” rating to a “buy” rating in a research report on Thursday, March 20th. Finally, JPMorgan Chase & Co. boosted their target price on shares of LKQ from $48.00 to $49.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “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.