Leeward Investments LLC MA Has $9.06 Million Stock Holdings in LKQ Co. (NASDAQ:LKQ)

Leeward Investments LLC MA cut its holdings in shares of LKQ Co. (NASDAQ:LKQ - Free Report) by 2.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 246,621 shares of the auto parts company's stock after selling 7,198 shares during the period. Leeward Investments LLC MA owned approximately 0.09% of LKQ worth $9,063,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in LKQ. Erste Asset Management GmbH acquired a new stake in shares of LKQ during the 3rd quarter valued at $45,733,000. Seizert Capital Partners LLC raised its position in shares of LKQ by 451.1% during the third quarter. Seizert Capital Partners LLC now owns 1,327,664 shares of the auto parts company's stock worth $53,000,000 after purchasing an additional 1,086,758 shares during the period. Nordea Investment Management AB raised its position in shares of LKQ by 11.0% during the fourth quarter. Nordea Investment Management AB now owns 8,406,444 shares of the auto parts company's stock worth $309,609,000 after purchasing an additional 833,519 shares during the period. Private Management Group Inc. purchased a new stake in shares of LKQ during the third quarter valued at $19,889,000. Finally, KBC Group NV boosted its position in shares of LKQ by 68.5% in the 4th quarter. KBC Group NV now owns 1,210,661 shares of the auto parts company's stock valued at $44,492,000 after purchasing an additional 492,356 shares during the period. 95.63% of the stock is currently owned by institutional investors.

Insider Transactions at LKQ

In related news, Director Dominick P. Zarcone sold 10,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $41.66, for a total transaction of $416,600.00. Following the sale, the director now directly owns 359,462 shares in the company, valued at $14,975,186.92. This represents a 2.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders have sold 20,000 shares of company stock valued at $781,500. 0.55% of the stock is owned by insiders.

LKQ Stock Performance

LKQ traded up $0.21 during midday trading on Wednesday, reaching $41.75. The company's stock had a trading volume of 2,940,542 shares, compared to its average volume of 2,165,769. 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 has a fifty day simple moving average of $37.81 and a 200 day simple moving average of $38.79. The stock has a market cap of $10.85 billion, a P/E ratio of 15.93 and a beta of 1.29. LKQ Co. has a twelve month low of $35.56 and a twelve month high of $53.68.

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

LKQ Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend is Thursday, March 13th. LKQ's payout ratio is 45.80%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on LKQ. Barrington Research reiterated an "outperform" rating and set a $60.00 price objective on shares of LKQ in a research report on Thursday, February 20th. JPMorgan Chase & Co. lifted their price target on LKQ from $48.00 to $49.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Finally, StockNews.com downgraded LKQ from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate 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.