Natixis Advisors LLC Sells 21,752 Shares of LKQ Co. (NASDAQ:LKQ)

Natixis Advisors LLC trimmed its holdings in LKQ Co. (NASDAQ:LKQ - Free Report) by 16.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 114,068 shares of the auto parts company's stock after selling 21,752 shares during the period. Natixis Advisors LLC's holdings in LKQ were worth $4,192,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Cromwell Holdings LLC increased its stake in shares of LKQ by 81.0% in the 4th quarter. Cromwell Holdings LLC now owns 742 shares of the auto parts company's stock valued at $27,000 after purchasing an additional 332 shares during the last quarter. Private Trust Co. NA boosted its stake in shares of LKQ by 31.2% in the 3rd quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company's stock valued at $50,000 after purchasing an additional 299 shares in the last quarter. CENTRAL TRUST Co grew its holdings 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 valued at $61,000 after purchasing an additional 1,440 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in LKQ during the 3rd quarter worth approximately $81,000. Finally, Allworth Financial LP increased its position in LKQ by 107.8% during the 4th 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. Institutional investors own 95.63% of the company's stock.

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LKQ Stock Up 0.5 %

LKQ traded up $0.21 during midday trading on Wednesday, reaching $40.99. 1,598,849 shares of the company were exchanged, compared to its average volume of 2,094,649. The company has a market cap of $10.62 billion, a price-to-earnings ratio of 15.65 and a beta of 1.28. LKQ Co. has a one year low of $35.56 and a one year high of $53.68. The company's fifty day moving average price is $39.96 and its 200 day moving average price is $38.92. 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 quarterly earnings results on Thursday, February 20th. The auto parts company reported $0.80 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $0.04. The business had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.42 billion. LKQ had a return on equity of 14.93% and a net margin of 4.81%. As a group, analysts expect that LKQ Co. will post 3.57 EPS for the current year.

LKQ Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.93%. The ex-dividend date is Thursday, March 13th. LKQ's dividend payout ratio (DPR) is presently 45.80%.

Insiders Place Their Bets

In related news, Director Dominick P. Zarcone sold 5,000 shares of LKQ stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $36.14, for a total value of $180,700.00. Following the completion of the sale, the director now owns 369,462 shares of the company's stock, valued at approximately $13,352,356.68. This trade represents a 1.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders sold 35,000 shares of company stock valued at $1,416,300. Corporate insiders own 0.55% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LKQ. Barrington Research reiterated an "outperform" rating and set a $60.00 price target on shares of LKQ in a report on Thursday, February 20th. StockNews.com raised shares of LKQ from a "hold" rating to a "buy" rating in a report on Thursday, March 20th. Finally, JPMorgan Chase & Co. raised their price target 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. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of "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.