Alliancebernstein L.P. Has $11.93 Million Stake in LKQ Co. (NASDAQ:LKQ)

Alliancebernstein L.P. cut its stake in LKQ Co. (NASDAQ:LKQ - Free Report) by 45.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 324,624 shares of the auto parts company's stock after selling 275,313 shares during the period. Alliancebernstein L.P. owned 0.12% of LKQ worth $11,930,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Pacer Advisors Inc. grew its stake in shares of LKQ by 112.9% in the 4th quarter. Pacer Advisors Inc. now owns 42,563 shares of the auto parts company's stock worth $1,564,000 after purchasing an additional 22,575 shares during the last quarter. Nordea Investment Management AB grew 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 buying an additional 833,519 shares during the last quarter. Semanteon Capital Management LP bought a new position in shares of LKQ in the fourth quarter valued at $367,000. LPL Financial LLC lifted its position in shares of LKQ by 10.4% during the 4th quarter. LPL Financial LLC now owns 126,729 shares of the auto parts company's stock valued at $4,657,000 after acquiring an additional 11,975 shares during the last quarter. Finally, Twin Tree Management LP bought a new stake in shares of LKQ during the 4th quarter worth $9,608,000. Institutional investors and hedge funds own 95.63% of the company's stock.

Insider Buying and Selling at LKQ

In related news, Director Dominick P. Zarcone sold 10,000 shares of the company'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 completion of the transaction, the director now directly owns 359,462 shares in the company, valued at $14,975,186.92. This represents a 2.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 45,000 shares of company stock worth $1,864,350 over the last ninety days. Company insiders own 0.55% of the company's stock.

Wall Street Analyst Weigh In

LKQ has been the subject of several research reports. JPMorgan Chase & Co. raised their price target on shares of LKQ from $48.00 to $49.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Barrington Research restated an "outperform" rating and set a $60.00 price target on shares of LKQ in a report on Thursday, February 20th. Finally, StockNews.com raised LKQ from a "hold" rating to a "buy" rating in a research report on Thursday, March 20th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, LKQ has an average rating of "Buy" and an average target price of $52.60.

LKQ Stock Down 0.3 %

LKQ stock traded down $0.13 during mid-day trading on Tuesday, hitting $42.02. 232,516 shares of the company's stock were exchanged, compared to its average volume of 2,264,796. LKQ Co. has a 1-year low of $35.56 and a 1-year high of $50.13. The stock has a 50 day moving average of $41.00 and a two-hundred day moving average of $39.07. The stock has a market cap of $10.86 billion, a P/E ratio of 16.06 and a beta of 1.09. The company has a current ratio of 1.71, a quick ratio of 0.67 and a debt-to-equity ratio of 0.68.

LKQ (NASDAQ:LKQ - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The auto parts company reported $0.80 earnings per share for the quarter, beating analysts' consensus estimates of $0.76 by $0.04. The business had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.42 billion. LKQ had a return on equity of 14.93% and a net margin of 4.81%. As a group, analysts anticipate that LKQ Co. will post 3.57 EPS for the current fiscal year.

LKQ Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a $0.30 dividend. The ex-dividend date was Thursday, March 13th. This represents a $1.20 annualized dividend and a yield of 2.86%. 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.