Amundi Has $51.47 Million Stock Holdings in LKQ Co. (NASDAQ:LKQ)

Amundi lifted its stake in LKQ Co. (NASDAQ:LKQ - Free Report) by 16.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,415,390 shares of the auto parts company's stock after acquiring an additional 202,676 shares during the period. Amundi owned approximately 0.54% of LKQ worth $51,474,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of LKQ. Cromwell Holdings LLC grew its holdings in shares of 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 purchasing an additional 332 shares in the last quarter. Private Trust Co. NA increased its holdings in shares of LKQ by 31.2% during the third quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company's stock worth $50,000 after buying an additional 299 shares in the last quarter. CENTRAL TRUST Co grew its holdings in LKQ by 618.0% during the 4th quarter. CENTRAL TRUST Co now owns 1,673 shares of the auto parts company's stock worth $61,000 after acquiring an additional 1,440 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in LKQ in the third quarter valued at about $81,000. Finally, Allworth Financial LP grew its stake in shares of LKQ by 107.8% during the fourth quarter. Allworth Financial LP now owns 2,099 shares of the auto parts company's stock worth $82,000 after purchasing an additional 1,089 shares during the period. Institutional investors own 95.63% of the company's stock.

Insider Transactions at LKQ

In other news, Director Dominick P. Zarcone sold 15,000 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $42.32, for a total value of $634,800.00. Following the completion of the transaction, the director now directly owns 336,135 shares in the company, valued at approximately $14,225,233.20. This represents a 4.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders sold 35,000 shares of company stock valued at $1,416,300. 0.45% of the stock is currently owned by insiders.

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Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on LKQ shares. JPMorgan Chase & Co. raised their price objective 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 reiterated an "outperform" rating and issued a $60.00 price objective on shares of LKQ in a research note on Thursday, February 20th. Finally, StockNews.com downgraded shares of LKQ from a "buy" rating to a "hold" rating in a report on Saturday, March 1st. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $52.60.

LKQ Price Performance

LKQ stock traded down $1.26 during midday trading on Thursday, reaching $41.28. The company had a trading volume of 2,422,413 shares, compared to its average volume of 2,417,144. The stock has a 50 day moving average price of $39.09 and a 200-day moving average price of $38.95. LKQ Co. has a 1-year low of $35.56 and a 1-year high of $53.68. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.71 and a quick ratio of 0.67. The company has a market capitalization of $10.70 billion, a price-to-earnings ratio of 15.76 and a beta of 1.27.

LKQ (NASDAQ:LKQ - Get Free Report) last released its earnings results on Thursday, February 20th. The auto parts company reported $0.80 earnings per share 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 during the quarter, compared to analysts' expectations of $3.42 billion. Equities research analysts expect 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 will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend is Thursday, March 13th. LKQ's payout ratio is 45.80%.

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.