LKQ Co. (NASDAQ:LKQ) Holdings Trimmed by Tredje AP fonden

Tredje AP fonden cut its stake in LKQ Co. (NASDAQ:LKQ - Free Report) by 50.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,037 shares of the auto parts company's stock after selling 21,036 shares during the period. Tredje AP fonden's holdings in LKQ were worth $773,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA lifted its holdings in shares of LKQ by 0.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 11,977,708 shares of the auto parts company's stock valued at $478,150,000 after acquiring an additional 33,212 shares in the last quarter. State Street Corp lifted its stake in shares of LKQ by 1.2% during the third quarter. State Street Corp now owns 11,449,166 shares of the auto parts company's stock worth $457,051,000 after purchasing an additional 134,176 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of LKQ by 11.0% in the fourth 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 period. Geode Capital Management LLC grew its stake in shares of LKQ by 0.3% in the third quarter. Geode Capital Management LLC now owns 6,542,740 shares of the auto parts company's stock valued at $260,330,000 after buying an additional 21,161 shares in the last quarter. Finally, FMR LLC raised its holdings in shares of LKQ by 7.3% during the 3rd quarter. FMR LLC now owns 6,020,689 shares of the auto parts company's stock valued at $240,346,000 after buying an additional 411,390 shares during the period. 95.63% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In related news, Director Dominick P. Zarcone sold 15,000 shares of the stock in a transaction 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 completion of the transaction, the director now owns 336,135 shares in the company, valued at $14,225,233.20. This trade represents a 4.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold 35,000 shares of company stock worth $1,416,300 in the last ninety days. 0.55% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Barrington Research reaffirmed an "outperform" rating and set a $60.00 price target on shares of LKQ in a report on Thursday, February 20th. StockNews.com downgraded LKQ from a "buy" rating to a "hold" rating in a report on Saturday, March 1st. Finally, 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. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $52.60.

LKQ Stock Performance

LKQ stock traded down $0.70 during trading on Wednesday, reaching $41.55. 2,970,805 shares of the company's stock were exchanged, compared to its average volume of 2,045,348. LKQ Co. has a 1-year low of $35.56 and a 1-year high of $53.68. The firm has a market cap of $10.77 billion, a PE ratio of 15.86 and a beta of 1.28. The company's fifty day moving average price is $39.52 and its 200-day moving average price is $38.92. The company has a quick ratio of 0.67, a current ratio of 1.71 and a debt-to-equity ratio of 0.68.

LKQ (NASDAQ:LKQ - Get Free Report) last posted its quarterly earnings data 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. The business 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 expect that LKQ Co. will post 3.57 EPS for the current fiscal year.

LKQ Dividend Announcement

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

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.