LKQ Co. (NASDAQ:LKQ) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lessened its position in LKQ Co. (NASDAQ:LKQ - Free Report) by 1.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 871,803 shares of the auto parts company's stock after selling 10,171 shares during the quarter. Envestnet Asset Management Inc. owned about 0.34% of LKQ worth $32,039,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in LKQ in the 4th quarter worth approximately $119,395,000. Raymond James Financial Inc. acquired a new position in LKQ during the fourth quarter worth $40,363,000. Nordea Investment Management AB grew 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 valued at $309,609,000 after buying an additional 833,519 shares in the last quarter. Brandes Investment Partners LP increased its stake 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 acquiring an additional 796,461 shares during the last quarter. Finally, KBC Group NV raised its holdings in shares of LKQ by 68.5% during the 4th quarter. KBC Group NV now owns 1,210,661 shares of the auto parts company's stock worth $44,492,000 after acquiring an additional 492,356 shares during the period. 95.63% of the stock is owned by institutional investors and hedge funds.

LKQ Trading Up 1.6 %

LKQ stock traded up $0.65 during trading on Friday, hitting $42.03. The company had a trading volume of 1,639,467 shares, compared to its average volume of 2,277,159. 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 company's 50 day simple moving average is $41.26 and its 200-day simple moving average is $39.12. LKQ Co. has a 1-year low of $35.56 and a 1-year high of $49.50. The stock has a market cap of $10.87 billion, a price-to-earnings ratio of 16.04 and a beta of 1.09.

LKQ (NASDAQ:LKQ - Get Free Report) last posted its earnings results on Thursday, February 20th. The auto parts company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.04. The firm had revenue of $3.36 billion for 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%. As a group, analysts expect that LKQ Co. will post 3.57 EPS for the current fiscal year.

LKQ Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend was Thursday, March 13th. LKQ's payout ratio is currently 45.80%.

Insider Buying and Selling at LKQ

In other news, Director Dominick P. Zarcone sold 5,000 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $36.14, for a total value of $180,700.00. Following the sale, the director now directly owns 369,462 shares in the company, valued at approximately $13,352,356.68. This trade represents a 1.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 45,000 shares of company stock valued at $1,864,350 in the last 90 days. Company insiders own 0.47% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on LKQ. 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. JPMorgan Chase & Co. increased 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. Finally, StockNews.com raised LKQ from a "hold" rating to a "buy" rating in a research note on Thursday, March 20th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $52.60.

LKQ 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.