LKQ Co. (NASDAQ:LKQ) Holdings Reduced by Cooke & Bieler LP

Cooke & Bieler LP decreased its position in LKQ Co. (NASDAQ:LKQ - Free Report) by 2.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,876,333 shares of the auto parts company's stock after selling 115,192 shares during the period. LKQ makes up approximately 1.4% of Cooke & Bieler LP's holdings, making the stock its 28th biggest position. Cooke & Bieler LP owned 1.49% of LKQ worth $142,455,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. OLD Second National Bank of Aurora grew its position in 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 worth $1,623,000 after purchasing an additional 287 shares during the last quarter. Private Trust Co. NA lifted its stake in shares of LKQ by 31.2% in the 3rd quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company's stock worth $50,000 after acquiring an additional 299 shares during the period. Cromwell Holdings LLC lifted its stake in shares of LKQ by 81.0% in the 4th quarter. Cromwell Holdings LLC now owns 742 shares of the auto parts company's stock worth $27,000 after acquiring an additional 332 shares during the period. Exchange Traded Concepts LLC lifted its stake in shares of LKQ by 9.3% in the 4th quarter. Exchange Traded Concepts LLC now owns 4,841 shares of the auto parts company's stock worth $178,000 after acquiring an additional 412 shares during the period. Finally, Cornerstone Investment Partners LLC lifted its stake in shares of LKQ by 3.5% in the 4th quarter. Cornerstone Investment Partners LLC now owns 12,368 shares of the auto parts company's stock worth $455,000 after acquiring an additional 423 shares during the period. Institutional investors own 95.63% of the company's stock.

Insider Activity

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 value of $180,700.00. Following the completion of the sale, the director now owns 369,462 shares in the company, valued at $13,352,356.68. This represents a 1.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 35,000 shares of company stock worth $1,416,300 over the last 90 days. 0.55% of the stock is owned by company insiders.

LKQ Stock Up 1.5 %

LKQ stock opened at $44.05 on Tuesday. LKQ Co. has a 12 month low of $35.56 and a 12 month high of $53.68. The firm has a market cap of $11.42 billion, a PE ratio of 16.81 and a beta of 1.28. The firm has a 50 day simple moving average of $38.69 and a 200 day simple moving average of $38.90. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.71 and a quick ratio of 0.67.

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LKQ (NASDAQ:LKQ - Get Free Report) last released 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. LKQ had a net margin of 4.81% and a return on equity of 14.93%. The business had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.42 billion. Equities research analysts forecast that LKQ Co. will post 3.57 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be issued a dividend of $0.30 per share. The ex-dividend date is Thursday, March 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.72%. LKQ's dividend payout ratio is currently 45.80%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. StockNews.com lowered shares of LKQ from a "buy" rating to a "hold" rating in a research note on Saturday, March 1st. Barrington Research reaffirmed an "outperform" rating and issued a $60.00 price target on shares of LKQ in a research note on Thursday, February 20th. Finally, JPMorgan Chase & Co. upped their price target 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. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average 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.

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