River Road Asset Management LLC Sells 92,883 Shares of LKQ Co. (NASDAQ:LKQ)

River Road Asset Management LLC lessened its holdings in shares of LKQ Co. (NASDAQ:LKQ - Free Report) by 2.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,506,394 shares of the auto parts company's stock after selling 92,883 shares during the period. LKQ comprises 1.7% of River Road Asset Management LLC's holdings, making the stock its 9th largest holding. River Road Asset Management LLC owned 1.35% of LKQ worth $128,860,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in LKQ. Cromwell Holdings LLC boosted its position in shares of LKQ by 81.0% during 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 in the last quarter. Private Trust Co. NA boosted its position in shares of LKQ by 31.2% during 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 in the last quarter. Kennebec Savings Bank acquired a new stake in shares of LKQ during the 3rd quarter worth approximately $57,000. CENTRAL TRUST Co boosted its position in shares of LKQ by 618.0% during the 4th quarter. CENTRAL TRUST Co now owns 1,673 shares of the auto parts company's stock worth $61,000 after acquiring an additional 1,440 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of LKQ during the 3rd quarter worth approximately $81,000. Institutional investors and hedge funds own 95.63% of the company's stock.

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Insider Activity

In other LKQ news, Director Dominick P. Zarcone sold 15,000 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $42.32, for a total value of $634,800.00. Following the transaction, the director now directly owns 336,135 shares of the company's stock, valued at approximately $14,225,233.20. The trade was a 4.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 35,000 shares of company stock valued at $1,416,300. Insiders own 0.55% of the company's stock.

LKQ Price Performance

NASDAQ:LKQ traded down $0.87 on Tuesday, hitting $43.18. The company had a trading volume of 2,890,943 shares, compared to its average volume of 2,406,758. The firm has a 50 day moving average of $38.85 and a two-hundred day moving average of $38.92. The stock has a market capitalization of $11.19 billion, a price-to-earnings ratio of 16.48 and a beta of 1.28. LKQ Co. has a 52 week low of $35.56 and a 52 week high of $53.68. 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 released its quarterly earnings results on Thursday, February 20th. The auto parts company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.04. The firm had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.42 billion. LKQ had a net margin of 4.81% and a return on equity of 14.93%. On average, research analysts anticipate that LKQ Co. will post 3.57 earnings per share for the current year.

LKQ Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend is Thursday, March 13th. LKQ's payout ratio is currently 45.80%.

Analyst Ratings Changes

Several research firms recently issued reports on LKQ. StockNews.com lowered shares of LKQ from a "buy" rating to a "hold" rating in a research report on Saturday, March 1st. Barrington Research reissued an "outperform" rating and issued a $60.00 price objective on shares of LKQ in a research note on Thursday, February 20th. Finally, JPMorgan Chase & Co. increased 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, February 21st. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company 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.