LKQ Co. (NASDAQ:LKQ) Shares Sold by Boston Partners

Boston Partners reduced its holdings in LKQ Co. (NASDAQ:LKQ) by 1.6% during the 4th quarter, Holdings Channel reports. The fund owned 1,274,577 shares of the auto parts company’s stock after selling 20,631 shares during the quarter. Boston Partners’ holdings in LKQ were worth $46,862,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in LKQ. GSA Capital Partners LLP acquired a new position in shares of LKQ during the 3rd quarter valued at $274,000. CIBC Asset Management Inc increased its position in shares of LKQ by 5.9% during the 3rd quarter. CIBC Asset Management Inc now owns 45,069 shares of the auto parts company’s stock valued at $1,799,000 after purchasing an additional 2,530 shares during the period. Quest Partners LLC increased its position in shares of LKQ by 479,800.0% during the 3rd quarter. Quest Partners LLC now owns 4,799 shares of the auto parts company’s stock valued at $192,000 after purchasing an additional 4,798 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of LKQ during the 3rd quarter valued at $1,840,000. Finally, Avior Wealth Management LLC increased its position in shares of LKQ by 40.8% during the 3rd quarter. Avior Wealth Management LLC now owns 24,515 shares of the auto parts company’s stock valued at $979,000 after purchasing an additional 7,104 shares during the period. 95.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on LKQ shares. 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. JPMorgan Chase & Co. raised their price objective on LKQ from $48.00 to $49.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Finally, StockNews.com lowered LKQ from a “buy” rating to a “hold” rating in a research note on Saturday, March 1st. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $52.60.

Insider Transactions at LKQ

In other news, Director Dominick P. Zarcone sold 5,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was 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 owns 374,462 shares of the company’s stock, valued at $13,795,180.08. This trade represents a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at 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 Stock Performance

LKQ opened at $41.55 on Thursday. The firm has a market cap of $10.77 billion, a PE ratio of 15.86 and a beta of 1.28. 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 fifty day simple moving average of $39.62 and a 200-day simple moving average of $38.94. LKQ Co. has a fifty-two week low of $35.56 and a fifty-two week high of $53.68.

LKQ (NASDAQ:LKQ) last issued 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. The business had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.42 billion. LKQ had a return on equity of 14.93% and a net margin of 4.81%. As a group, equities analysts predict that LKQ Co. will post 3.57 EPS for the current fiscal year.

LKQ Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be given a $0.30 dividend. The ex-dividend date is Thursday, March 13th. This represents a $1.20 annualized dividend and a dividend yield of 2.89%. LKQ’s dividend payout ratio (DPR) is presently 45.80%.

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.