Isthmus Partners LLC Sells 65,946 Shares of LKQ Co. (NASDAQ:LKQ)

Isthmus Partners LLC lessened its holdings in shares of LKQ Co. (NASDAQ:LKQ - Free Report) by 22.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 233,909 shares of the auto parts company's stock after selling 65,946 shares during the period. Isthmus Partners LLC owned about 0.09% of LKQ worth $8,596,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Personal CFO Solutions LLC acquired a new position in LKQ in the fourth quarter valued at about $663,000. Amundi raised its position in shares of LKQ by 16.7% in the 4th quarter. Amundi now owns 1,415,390 shares of the auto parts company's stock valued at $51,474,000 after buying an additional 202,676 shares in the last quarter. Lifeworks Advisors LLC acquired a new position in shares of LKQ in the 4th quarter valued at approximately $229,000. PNC Financial Services Group Inc. lifted its holdings in shares of LKQ by 41.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 54,410 shares of the auto parts company's stock worth $2,000,000 after acquiring an additional 16,079 shares during the period. Finally, Machina Capital S.A.S. increased its stake in LKQ by 69.7% in the fourth quarter. Machina Capital S.A.S. now owns 12,401 shares of the auto parts company's stock valued at $456,000 after acquiring an additional 5,092 shares during the last quarter. 95.63% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other LKQ news, Director Dominick P. Zarcone sold 5,000 shares of the stock in a transaction that occurred 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 approximately $13,352,356.68. This represents a 1.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last three months, insiders have sold 35,000 shares of company stock valued at $1,416,300. 0.55% of the stock is currently owned by company insiders.

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Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on LKQ shares. Barrington Research restated 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. upped 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 lowered LKQ from a "buy" rating to a "hold" rating in a research note on Saturday, March 1st. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $52.60.

LKQ Price Performance

Shares of LKQ traded down $0.67 during trading hours on Tuesday, reaching $43.38. The stock had a trading volume of 1,286,281 shares, compared to its average volume of 2,370,639. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.67 and a current ratio of 1.71. LKQ Co. has a 12 month low of $35.56 and a 12 month high of $53.68. The stock has a market capitalization of $11.24 billion, a PE ratio of 16.54 and a beta of 1.28. The company's 50-day moving average is $38.85 and its two-hundred day moving average is $38.92.

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

LKQ Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.77%. The ex-dividend date is Thursday, March 13th. LKQ's dividend payout ratio is currently 45.80%.

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.