Corient Private Wealth LLC Sells 18,144 Shares of LKQ Co. (NASDAQ:LKQ)

Corient Private Wealth LLC cut its stake in shares of LKQ Co. (NASDAQ:LKQ - Free Report) by 22.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 61,889 shares of the auto parts company's stock after selling 18,144 shares during the quarter. Corient Private Wealth LLC's holdings in LKQ were worth $2,274,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Erste Asset Management GmbH bought a new position in shares of LKQ during the third quarter valued at about $45,733,000. Raymond James Financial Inc. bought a new position in LKQ during the 4th quarter valued at approximately $40,363,000. Nordea Investment Management AB lifted its holdings in LKQ by 11.0% in 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 buying an additional 833,519 shares during the period. Brandes Investment Partners LP grew its position in shares of LKQ by 118.6% in the 4th quarter. Brandes Investment Partners LP now owns 1,467,822 shares of the auto parts company's stock worth $53,942,000 after buying an additional 796,461 shares during the last quarter. Finally, KBC Group NV increased its stake in shares of LKQ by 68.5% during the fourth quarter. KBC Group NV now owns 1,210,661 shares of the auto parts company's stock valued at $44,492,000 after buying an additional 492,356 shares during the period. 95.63% of the stock is currently owned by institutional investors.

LKQ Stock Up 1.0 %

LKQ stock traded up $0.41 during mid-day trading on Thursday, reaching $41.40. The stock had a trading volume of 2,823,415 shares, compared to its average volume of 2,101,921. The company has a market capitalization of $10.73 billion, a price-to-earnings ratio of 15.80 and a beta of 1.28. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.71 and a quick ratio of 0.67. LKQ Co. has a one year low of $35.56 and a one year high of $53.68. The company has a 50-day moving average price of $40.02 and a two-hundred day moving average price of $38.93.

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

LKQ Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.90%. The ex-dividend date of this dividend is Thursday, March 13th. LKQ's dividend payout ratio is currently 45.80%.

Insider Activity

In other news, Director Dominick P. Zarcone sold 5,000 shares of the business's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $36.84, for a total transaction of $184,200.00. Following the completion of the transaction, the director now directly owns 374,462 shares of the company's stock, valued at $13,795,180.08. The trade was a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 35,000 shares of company stock valued at $1,416,300 over the last ninety days. 0.55% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

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.