LKQ Co. (NASDAQ:LKQ) Shares Sold by American Century Companies Inc.

American Century Companies Inc. lessened its position in shares of LKQ Co. (NASDAQ:LKQ - Free Report) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 819,319 shares of the auto parts company's stock after selling 21,845 shares during the quarter. American Century Companies Inc. owned about 0.32% of LKQ worth $30,110,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of LKQ. OLD Second National Bank of Aurora boosted its stake in LKQ by 0.7% in the 4th quarter. OLD Second National Bank of Aurora now owns 44,169 shares of the auto parts company's stock worth $1,623,000 after purchasing an additional 287 shares in the last quarter. Private Trust Co. NA raised its stake in LKQ by 31.2% in the 3rd quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company's stock worth $50,000 after acquiring an additional 299 shares during the last quarter. Cromwell Holdings LLC lifted its position in LKQ by 81.0% during the 4th quarter. Cromwell Holdings LLC now owns 742 shares of the auto parts company's stock worth $27,000 after acquiring an additional 332 shares during the period. Exchange Traded Concepts LLC grew its stake in LKQ by 9.3% during the 4th quarter. Exchange Traded Concepts LLC now owns 4,841 shares of the auto parts company's stock valued at $178,000 after purchasing an additional 412 shares during the last quarter. Finally, Cornerstone Investment Partners LLC increased its holdings in shares of LKQ by 3.5% in the fourth quarter. Cornerstone Investment Partners LLC now owns 12,368 shares of the auto parts company's stock valued at $455,000 after purchasing an additional 423 shares during the period. Hedge funds and other institutional investors own 95.63% of the company's stock.

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Analysts Set New Price Targets

Several brokerages recently weighed in on LKQ. StockNews.com upgraded shares of LKQ from a "hold" rating to a "buy" rating in a report on Thursday, March 20th. Barrington Research reaffirmed an "outperform" rating and issued a $60.00 price target on shares of LKQ in a report on Thursday, February 20th. Finally, JPMorgan Chase & Co. upped their target price on LKQ from $48.00 to $49.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $52.60.

Insider Buying and Selling at LKQ

In other news, Director Dominick P. Zarcone sold 5,000 shares of the company's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $36.14, for a total transaction of $180,700.00. Following the completion of the sale, the director now owns 369,462 shares of the company's stock, valued at $13,352,356.68. This represents a 1.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 35,000 shares of company stock valued at $1,416,300 over the last quarter. 0.55% of the stock is currently owned by insiders.

LKQ Price Performance

Shares of LKQ stock traded up $0.95 during trading hours on Monday, hitting $42.54. 3,506,902 shares of the company's stock were exchanged, compared to its average volume of 2,197,973. LKQ Co. has a fifty-two week low of $35.56 and a fifty-two week high of $53.53. The firm has a market cap of $11.02 billion, a P/E ratio of 16.24 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 firm has a 50 day moving average of $40.14 and a two-hundred day moving average of $38.96.

LKQ (NASDAQ:LKQ - Get Free Report) last issued its quarterly 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 company had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.42 billion. LKQ had a net margin of 4.81% and a return on equity of 14.93%. Sell-side analysts forecast that LKQ Co. will post 3.57 EPS for the current year.

LKQ Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.82%. The ex-dividend date was Thursday, March 13th. LKQ's payout ratio is 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.