Rhumbline Advisers Cuts Stake in LKQ Co. (NASDAQ:LKQ)

Rhumbline Advisers lessened its holdings in LKQ Co. (NASDAQ:LKQ - Free Report) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 452,924 shares of the auto parts company's stock after selling 6,260 shares during the period. Rhumbline Advisers owned about 0.17% of LKQ worth $16,645,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of LKQ. Erste Asset Management GmbH purchased a new stake in shares of LKQ during the third quarter worth about $45,733,000. Seizert Capital Partners LLC increased its stake in LKQ by 451.1% during the 3rd quarter. Seizert Capital Partners LLC now owns 1,327,664 shares of the auto parts company's stock worth $53,000,000 after buying an additional 1,086,758 shares in the last quarter. Nordea Investment Management AB raised its holdings 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 valued at $309,609,000 after acquiring an additional 833,519 shares during the last quarter. Private Management Group Inc. purchased a new position in shares of LKQ in the third quarter valued at approximately $19,889,000. Finally, KBC Group NV boosted its stake in shares of LKQ by 68.5% in the fourth quarter. KBC Group NV now owns 1,210,661 shares of the auto parts company's stock worth $44,492,000 after acquiring an additional 492,356 shares during the last quarter. Institutional investors and hedge funds own 95.63% of the company's stock.

LKQ Trading Up 0.7 %

Shares of LKQ stock traded up $0.29 on Tuesday, hitting $41.54. 2,708,773 shares of the stock traded hands, compared to its average volume of 2,144,249. LKQ Co. has a twelve month low of $35.56 and a twelve month high of $53.68. The stock has a market capitalization of $10.80 billion, a PE ratio of 15.86 and a beta of 1.29. The firm's 50-day moving average price is $37.81 and its two-hundred day moving average price is $38.79. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.67 and a current ratio of 1.71.

LKQ (NASDAQ:LKQ - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The auto parts company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.04. The business 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%. As a group, analysts anticipate that LKQ Co. will post 3.57 EPS for the current year.

LKQ Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be issued a $0.30 dividend. The ex-dividend date is Thursday, March 13th. This represents a $1.20 annualized dividend and a yield of 2.89%. LKQ's dividend payout ratio (DPR) is currently 45.80%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. StockNews.com downgraded LKQ from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Barrington Research reissued 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 objective on shares of LKQ from $48.00 to $49.00 and gave the company an "overweight" rating in a research note on Friday. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, LKQ has an average rating of "Moderate Buy" and an average target price of $52.60.

Insider Buying and Selling at LKQ

In other LKQ news, Director Dominick P. Zarcone sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $41.66, for a total value of $416,600.00. Following the sale, the director now owns 359,462 shares of the company's stock, valued at $14,975,186.92. The trade was a 2.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 20,000 shares of company stock valued at $781,500 over the last 90 days. 0.55% of the stock is owned by insiders.

LKQ Company 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.