Korea Investment CORP Sells 17,400 Shares of LKQ Co. (NASDAQ:LKQ)

Korea Investment CORP lowered its holdings in LKQ Co. (NASDAQ:LKQ - Free Report) by 20.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 68,678 shares of the auto parts company's stock after selling 17,400 shares during the quarter. Korea Investment CORP's holdings in LKQ were worth $2,524,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. OLD Second National Bank of Aurora increased its stake in shares of LKQ by 0.7% in the 4th quarter. OLD Second National Bank of Aurora now owns 44,169 shares of the auto parts company's stock valued at $1,623,000 after buying an additional 287 shares during the period. Cromwell Holdings LLC increased its position in LKQ by 81.0% in the fourth quarter. Cromwell Holdings LLC now owns 742 shares of the auto parts company's stock worth $27,000 after purchasing an additional 332 shares during the period. Exchange Traded Concepts LLC raised its holdings in LKQ by 9.3% during the 4th quarter. Exchange Traded Concepts LLC now owns 4,841 shares of the auto parts company's stock worth $178,000 after purchasing an additional 412 shares during the last quarter. Cornerstone Investment Partners LLC lifted its position in LKQ by 3.5% during the 4th quarter. Cornerstone Investment Partners LLC now owns 12,368 shares of the auto parts company's stock valued at $455,000 after purchasing an additional 423 shares during the period. Finally, Callan Family Office LLC boosted its stake in shares of LKQ by 6.7% in the 4th quarter. Callan Family Office LLC now owns 7,698 shares of the auto parts company's stock valued at $283,000 after purchasing an additional 484 shares during the last quarter. Institutional investors own 95.63% of the company's stock.

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LKQ Stock Down 2.1 %

Shares of LKQ stock traded down $0.89 on Friday, hitting $41.29. 3,708,560 shares of the stock were exchanged, compared to its average volume of 2,234,234. The business has a 50-day moving average of $40.52 and a 200 day moving average of $39.03. LKQ Co. has a fifty-two week low of $35.56 and a fifty-two week high of $52.06. The firm has a market capitalization of $10.68 billion, a P/E ratio of 15.76 and a beta of 1.09. The company has a current ratio of 1.71, a quick ratio of 0.67 and a debt-to-equity ratio of 0.68.

LKQ (NASDAQ:LKQ - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The auto parts company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $3.42 billion. Equities analysts anticipate that LKQ Co. will post 3.57 EPS for the current year.

LKQ Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.91%. LKQ's payout ratio is 45.80%.

Analyst Ratings Changes

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

Insider Buying and Selling at LKQ

In other LKQ news, Director Dominick P. Zarcone sold 15,000 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $42.32, for a total value of $634,800.00. Following the transaction, the director now directly owns 336,135 shares of the company's stock, valued at $14,225,233.20. This represents a 4.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 45,000 shares of company stock worth $1,864,350 over the last 90 days. Company insiders own 0.55% of the company's stock.

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.