Seizert Capital Partners LLC Has $54.33 Million Stake in LKQ Co. (NASDAQ:LKQ)

Seizert Capital Partners LLC boosted its position in shares of LKQ Co. (NASDAQ:LKQ - Free Report) by 11.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,478,420 shares of the auto parts company's stock after acquiring an additional 150,756 shares during the period. LKQ accounts for about 2.5% of Seizert Capital Partners LLC's holdings, making the stock its 9th biggest position. Seizert Capital Partners LLC owned 0.57% of LKQ worth $54,332,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Pacer Advisors Inc. increased its position in shares of LKQ by 112.9% in the fourth quarter. Pacer Advisors Inc. now owns 42,563 shares of the auto parts company's stock worth $1,564,000 after purchasing an additional 22,575 shares during the last quarter. Nordea Investment Management AB increased its holdings in shares of 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 worth $309,609,000 after buying an additional 833,519 shares during the last quarter. Rehmann Capital Advisory Group purchased a new stake in shares of LKQ during the 3rd quarter valued at $634,000. Illinois Municipal Retirement Fund lifted its holdings in shares of LKQ by 58.8% during the 4th quarter. Illinois Municipal Retirement Fund now owns 268,031 shares of the auto parts company's stock worth $9,850,000 after acquiring an additional 99,229 shares during the last quarter. Finally, Quantbot Technologies LP grew its position in LKQ by 27,310.6% in the third quarter. Quantbot Technologies LP now owns 64,415 shares of the auto parts company's stock worth $2,571,000 after acquiring an additional 64,180 shares in the last quarter. 95.63% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

A number of research firms have weighed in on LKQ. Barrington Research restated an "outperform" rating and set a $60.00 price target on shares of LKQ in a research report on Thursday, February 20th. StockNews.com downgraded LKQ from a "buy" rating to a "hold" rating in a research report on Saturday, March 1st. Finally, JPMorgan Chase & Co. lifted 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 research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $52.60.

LKQ Trading Up 1.5 %

Shares of NASDAQ:LKQ traded up $0.63 during trading on Friday, reaching $43.38. 2,875,306 shares of the company traded hands, compared to its average volume of 2,363,480. 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 Co. has a 52-week low of $35.56 and a 52-week high of $53.68. The firm has a market capitalization of $11.24 billion, a price-to-earnings ratio of 16.56 and a beta of 1.28. The business's fifty day moving average is $38.69 and its 200-day moving average is $38.94.

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 for the quarter, topping analysts' consensus estimates of $0.76 by $0.04. The company had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.42 billion. LKQ had a net margin of 4.81% and a return on equity of 14.93%. As a group, analysts forecast that LKQ Co. will post 3.57 EPS for the current year.

LKQ Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend is Thursday, March 13th. LKQ's payout ratio is 45.80%.

Insider Activity at LKQ

In other LKQ news, Director Dominick P. Zarcone sold 5,000 shares of the firm's stock in a transaction dated 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 directly owns 369,462 shares in the company, valued at $13,352,356.68. This trade represents a 1.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders have sold a total of 35,000 shares of company stock worth $1,416,300 over the last quarter. Corporate 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.