Oppenheimer Asset Management Inc. Sells 62,232 Shares of LKQ Co. (NASDAQ:LKQ)

Oppenheimer Asset Management Inc. cut its position in shares of LKQ Co. (NASDAQ:LKQ - Free Report) by 15.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 336,080 shares of the auto parts company's stock after selling 62,232 shares during the period. Oppenheimer Asset Management Inc. owned approximately 0.13% of LKQ worth $12,351,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in LKQ. Illinois Municipal Retirement Fund increased its holdings in shares of LKQ by 58.8% in the 4th quarter. Illinois Municipal Retirement Fund now owns 268,031 shares of the auto parts company's stock worth $9,850,000 after buying an additional 99,229 shares during the last quarter. Skylands Capital LLC grew its position in LKQ by 107.0% in the fourth quarter. Skylands Capital LLC now owns 72,050 shares of the auto parts company's stock worth $2,648,000 after acquiring an additional 37,250 shares in the last quarter. South Dakota Investment Council increased its stake in LKQ by 23.7% during the fourth quarter. South Dakota Investment Council now owns 446,173 shares of the auto parts company's stock worth $16,397,000 after acquiring an additional 85,394 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in LKQ by 5.2% during the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 54,586 shares of the auto parts company's stock valued at $2,006,000 after purchasing an additional 2,700 shares during the period. Finally, Access Investment Management LLC lifted its stake in shares of LKQ by 9.7% in the 4th quarter. Access Investment Management LLC now owns 137,795 shares of the auto parts company's stock valued at $5,064,000 after purchasing an additional 12,130 shares during the last quarter. Hedge funds and other institutional investors own 95.63% of the company's stock.

LKQ Trading Down 0.5 %

Shares of LKQ stock traded down $0.19 on Monday, reaching $42.00. 3,531,990 shares of the company's stock were exchanged, compared to its average volume of 2,301,140. The company's fifty day simple moving average is $38.13 and its 200 day simple moving average is $38.85. 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. The stock has a market capitalization of $10.88 billion, a PE ratio of 16.03 and a beta of 1.29.

LKQ (NASDAQ:LKQ - Get Free Report) last released its 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. The business had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.42 billion. LKQ had a return on equity of 14.93% and a net margin of 4.81%. As a group, analysts forecast that LKQ Co. will post 3.57 EPS for the current year.

LKQ Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $1.20 annualized dividend and a yield of 2.86%. LKQ's dividend payout ratio (DPR) is currently 45.80%.

Insiders Place Their Bets

In other LKQ news, Director Dominick P. Zarcone sold 5,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $36.14, for a total transaction of $180,700.00. Following the transaction, the director now directly owns 369,462 shares in the company, valued at $13,352,356.68. This represents a 1.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 20,000 shares of company stock worth $781,500 in the last ninety days. 0.55% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on LKQ shares. JPMorgan Chase & Co. boosted their target price on LKQ from $48.00 to $49.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. StockNews.com cut shares of LKQ from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, Barrington Research reissued an "outperform" rating and issued a $60.00 target price on shares of LKQ in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $52.60.

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.