LKQ Co. (NASDAQ:LKQ) Shares Acquired by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ raised its holdings in shares of LKQ Co. (NASDAQ:LKQ - Free Report) by 61.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 91,213 shares of the auto parts company's stock after acquiring an additional 34,774 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in LKQ were worth $3,303,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. OLD Second National Bank of Aurora lifted its stake in shares of LKQ by 0.7% during 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 in the last quarter. Private Trust Co. NA increased its holdings in LKQ by 31.2% in the 3rd quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company's stock valued at $50,000 after acquiring an additional 299 shares during the last quarter. Cromwell Holdings LLC increased its holdings in LKQ by 81.0% in the 4th quarter. Cromwell Holdings LLC now owns 742 shares of the auto parts company's stock valued at $27,000 after acquiring an additional 332 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in LKQ by 9.3% in the 4th quarter. Exchange Traded Concepts LLC now owns 4,841 shares of the auto parts company's stock valued at $178,000 after acquiring an additional 412 shares during the last quarter. Finally, Cornerstone Investment Partners LLC increased its holdings in LKQ by 3.5% in the 4th quarter. Cornerstone Investment Partners LLC now owns 12,368 shares of the auto parts company's stock valued at $455,000 after acquiring an additional 423 shares during the last quarter. Hedge funds and other institutional investors own 95.63% of the company's stock.

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LKQ Stock Down 1.4 %

Shares of LKQ traded down $0.57 during mid-day trading on Thursday, hitting $40.98. The company's stock had a trading volume of 4,096,288 shares, compared to its average volume of 2,055,851. The company's 50-day moving average is $39.62 and its 200-day moving average is $38.94. 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 $10.62 billion, a price-to-earnings ratio of 15.64 and a beta of 1.28. 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 announced its quarterly earnings results on Thursday, February 20th. The auto parts company reported $0.80 earnings per share for the quarter, topping 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 during the quarter, compared to analysts' expectations of $3.42 billion. On average, equities research analysts forecast that LKQ Co. will post 3.57 EPS for the current fiscal year.

LKQ Dividend Announcement

The company 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. The ex-dividend date is Thursday, March 13th. This represents a $1.20 dividend on an annualized basis and a yield of 2.93%. LKQ's payout ratio is 45.80%.

Insider Activity at LKQ

In related news, Director Dominick P. Zarcone sold 15,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $42.32, for a total transaction of $634,800.00. Following the completion of the sale, the director now owns 336,135 shares of the company's stock, valued at $14,225,233.20. This represents a 4.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold 35,000 shares of company stock valued at $1,416,300 over the last 90 days. Insiders own 0.55% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. StockNews.com downgraded shares of LKQ from a "buy" rating to a "hold" rating in a report on Saturday, March 1st. JPMorgan Chase & Co. boosted their price objective on shares of LKQ from $48.00 to $49.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Finally, Barrington Research reissued an "outperform" rating and issued a $60.00 price objective on shares of LKQ in a research report on Thursday, February 20th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, LKQ presently has an average rating of "Moderate Buy" and an average price target of $52.60.

About LKQ

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.