M&T Bank Corp Decreases Stake in LKQ Co. (NASDAQ:LKQ)

M&T Bank Corp decreased its position in LKQ Co. (NASDAQ:LKQ - Free Report) by 23.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 45,384 shares of the auto parts company's stock after selling 13,773 shares during the quarter. M&T Bank Corp's holdings in LKQ were worth $1,668,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Massachusetts Financial Services Co. MA grew its stake 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 during the period. State Street Corp lifted its holdings in LKQ by 1.2% during the third quarter. State Street Corp now owns 11,449,166 shares of the auto parts company's stock valued at $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 purchasing an additional 833,519 shares during the period. Geode Capital Management LLC boosted its position 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 worth $260,330,000 after purchasing an additional 21,161 shares during the period. Finally, FMR LLC increased its stake in shares of LKQ by 7.3% in the third quarter. FMR LLC now owns 6,020,689 shares of the auto parts company's stock worth $240,346,000 after purchasing an additional 411,390 shares in the last quarter. 95.63% of the stock is owned by hedge funds and other institutional investors.

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LKQ Trading Down 2.0 %

Shares of LKQ stock traded down $0.87 during trading on Tuesday, hitting $43.18. The stock had a trading volume of 2,890,943 shares, compared to its average volume of 2,406,758. The firm's fifty day simple moving average is $38.85 and its 200-day simple moving average is $38.92. The stock has a market cap of $11.19 billion, a PE ratio of 16.48 and a beta of 1.28. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.71 and a quick ratio of 0.67. LKQ Co. has a 12 month low of $35.56 and a 12 month high of $53.68.

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 (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.04. The firm had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.42 billion. LKQ had a net margin of 4.81% and a return on equity of 14.93%. As a group, sell-side analysts expect that LKQ Co. will post 3.57 EPS for the current fiscal year.

LKQ Announces Dividend

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

Insider Buying and Selling at LKQ

In related news, Director Dominick P. Zarcone sold 15,000 shares of LKQ stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $42.32, for a total value of $634,800.00. Following the completion of the sale, the director now directly 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 Securities & Exchange Commission, which is available at this link. In the last quarter, 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 Upgrades and Downgrades

Several research analysts have weighed in on LKQ shares. Barrington Research restated an "outperform" rating and issued a $60.00 price target on shares of LKQ in a research note on Thursday, February 20th. JPMorgan Chase & Co. lifted their price target on shares of LKQ from $48.00 to $49.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Finally, StockNews.com lowered LKQ from a "buy" rating to a "hold" rating in a research note on Saturday, March 1st. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price 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.