Bank of Montreal Can trimmed its position in LKQ Co. (NASDAQ:LKQ - Free Report) by 8.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 357,629 shares of the auto parts company's stock after selling 31,801 shares during the quarter. Bank of Montreal Can owned 0.14% of LKQ worth $13,143,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in LKQ. Nordea Investment Management AB grew its holdings in LKQ by 11.0% during the 4th quarter. Nordea Investment Management AB now owns 8,406,444 shares of the auto parts company's stock worth $309,609,000 after acquiring an additional 833,519 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of LKQ by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 6,591,553 shares of the auto parts company's stock valued at $241,643,000 after purchasing an additional 48,813 shares in the last quarter. Norges Bank purchased a new position in LKQ during the fourth quarter valued at approximately $119,395,000. Charles Schwab Investment Management Inc. raised its stake in LKQ by 3.4% in the fourth 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. Finally, Clarkston Capital Partners LLC purchased a new stake in LKQ during the fourth quarter worth $91,678,000. Institutional investors own 95.63% of the company's stock.
LKQ Stock Performance
Shares of NASDAQ LKQ traded up $0.65 during midday trading on Friday, reaching $42.03. The company had a trading volume of 1,639,467 shares, compared to its average volume of 2,277,159. LKQ Co. has a 1 year low of $35.56 and a 1 year high of $49.50. The business's 50-day simple moving average is $41.26 and its 200 day simple moving average is $39.12. The company has a current ratio of 1.71, a quick ratio of 0.67 and a debt-to-equity ratio of 0.68. The stock has a market cap of $10.87 billion, a P/E ratio of 16.04 and a beta of 1.09.
LKQ (NASDAQ:LKQ - Get Free Report) last issued its earnings results on Thursday, February 20th. The auto parts company reported $0.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 return on equity of 14.93% and a net margin of 4.81%. On average, analysts forecast that LKQ Co. will post 3.57 earnings per share for the current fiscal year.
LKQ Dividend Announcement
The firm also recently declared 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%.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on LKQ. Barrington Research reiterated an "outperform" rating and issued a $60.00 target price on shares of LKQ in a research note on Thursday, February 20th. StockNews.com raised LKQ from a "hold" rating to a "buy" rating in a research report on Thursday, March 20th. Finally, 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 report on Friday, February 21st. Six analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $52.60.
Get Our Latest Research Report on LKQ
Insiders Place Their Bets
In other news, Director Dominick P. Zarcone sold 15,000 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $42.15, for a total value of $632,250.00. Following the completion of the transaction, the director now owns 321,135 shares of the company's stock, valued at $13,535,840.25. The trade was a 4.46 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In the last ninety days, insiders sold 45,000 shares of company stock valued at $1,864,350. 0.47% of the stock is owned by insiders.
LKQ Profile
(
Free Report)
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.
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