LKQ Co. (NASDAQ:LKQ) Shares Sold by Sei Investments Co.

Sei Investments Co. trimmed its holdings in shares of LKQ Co. (NASDAQ:LKQ - Free Report) by 36.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 382,910 shares of the auto parts company's stock after selling 215,694 shares during the period. Sei Investments Co. owned about 0.15% of LKQ worth $14,072,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Cromwell Holdings LLC grew its stake in shares of LKQ by 81.0% in the fourth quarter. Cromwell Holdings LLC now owns 742 shares of the auto parts company's stock valued at $27,000 after buying an additional 332 shares in the last quarter. Private Trust Co. NA grew its position in LKQ by 31.2% in the third 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 in the last quarter. CENTRAL TRUST Co raised its stake in shares of LKQ by 618.0% during the fourth quarter. CENTRAL TRUST Co now owns 1,673 shares of the auto parts company's stock valued at $61,000 after purchasing an additional 1,440 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of LKQ during the third quarter valued at approximately $81,000. Finally, Allworth Financial LP lifted its position in shares of LKQ by 107.8% during the fourth quarter. Allworth Financial LP now owns 2,099 shares of the auto parts company's stock worth $82,000 after purchasing an additional 1,089 shares in the last quarter. 95.63% of the stock is currently owned by hedge funds and other institutional investors.

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Insiders Place Their Bets

In other news, Director Dominick P. Zarcone sold 5,000 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $36.84, for a total transaction of $184,200.00. Following the completion of the transaction, the director now directly owns 374,462 shares of the company's stock, valued at approximately $13,795,180.08. This represents a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders have sold 35,000 shares of company stock valued at $1,416,300. Company insiders own 0.55% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on LKQ. StockNews.com raised shares of LKQ from a "hold" rating to a "buy" rating in a research note on Thursday, March 20th. JPMorgan Chase & Co. lifted their target price on LKQ from $48.00 to $49.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Finally, Barrington Research reissued an "outperform" rating and issued a $60.00 price target on shares of LKQ in a report on Thursday, February 20th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $52.60.

LKQ Stock Up 2.3 %

Shares of LKQ stock traded up $0.95 during trading hours on Monday, hitting $42.54. 3,506,902 shares of the company were exchanged, compared to its average volume of 2,197,973. The stock has a market capitalization of $11.02 billion, a price-to-earnings ratio of 16.24 and a beta of 1.28. LKQ Co. has a one year low of $35.56 and a one year high of $53.53. The business's 50-day simple moving average is $40.14 and its two-hundred day simple moving average is $38.96. 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 released its earnings results on Thursday, February 20th. The auto parts company reported $0.80 EPS for the quarter, topping analysts' consensus estimates of $0.76 by $0.04. LKQ had a return on equity of 14.93% and a net margin of 4.81%. The company had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.42 billion. Sell-side analysts predict that LKQ Co. will post 3.57 EPS for the current fiscal year.

LKQ Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a dividend of $0.30 per share. The ex-dividend date was Thursday, March 13th. This represents a $1.20 annualized dividend and a yield of 2.82%. LKQ's payout ratio is 45.80%.

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.