Quantbot Technologies LP Has $57,000 Stock Holdings in LKQ Co. (NASDAQ:LKQ)

Quantbot Technologies LP decreased its stake in shares of LKQ Co. (NASDAQ:LKQ - Free Report) by 97.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,552 shares of the auto parts company's stock after selling 62,863 shares during the period. Quantbot Technologies LP's holdings in LKQ were worth $57,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LKQ. Cromwell Holdings LLC raised its position in LKQ by 81.0% in the fourth quarter. Cromwell Holdings LLC now owns 742 shares of the auto parts company's stock worth $27,000 after acquiring an additional 332 shares in the last quarter. CENTRAL TRUST Co grew its stake in shares of LKQ by 618.0% in the 4th quarter. CENTRAL TRUST Co now owns 1,673 shares of the auto parts company's stock worth $61,000 after purchasing an additional 1,440 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of LKQ in the 3rd quarter worth approximately $81,000. Allworth Financial LP lifted its stake in LKQ by 107.8% during the fourth quarter. Allworth Financial LP now owns 2,099 shares of the auto parts company's stock valued at $82,000 after purchasing an additional 1,089 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in LKQ by 25.9% during the fourth quarter. Blue Trust Inc. now owns 2,847 shares of the auto parts company's stock worth $105,000 after buying an additional 585 shares in the last quarter. 95.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on LKQ. Barrington Research reiterated an "outperform" rating and set a $60.00 price objective on shares of LKQ in a research report on Thursday, February 20th. JPMorgan Chase & Co. upped their target price on LKQ from $48.00 to $49.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Finally, StockNews.com raised LKQ from a "hold" rating to a "buy" rating in a research note on Thursday, March 20th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $52.60.

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Insider Buying and Selling

In other news, Director Dominick P. Zarcone sold 5,000 shares of the stock in a transaction on 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 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 document filed with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 45,000 shares of company stock worth $1,864,350. Corporate insiders own 0.55% of the company's stock.

LKQ Stock Down 2.1 %

Shares of LKQ stock traded down $0.89 during midday trading on Friday, hitting $41.29. The company's stock had a trading volume of 3,708,560 shares, compared to its average volume of 2,234,234. The firm has a market capitalization of $10.68 billion, a P/E ratio of 15.76 and a beta of 1.09. LKQ Co. has a 1-year low of $35.56 and a 1-year high of $52.06. The company has a quick ratio of 0.67, a current ratio of 1.71 and a debt-to-equity ratio of 0.68. The stock has a 50-day simple moving average of $40.52 and a 200-day simple moving average of $39.03.

LKQ (NASDAQ:LKQ - Get Free Report) last announced its quarterly earnings data 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. The firm 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, sell-side analysts expect that LKQ Co. will post 3.57 earnings per share for the current year.

LKQ Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend was Thursday, March 13th. LKQ's dividend payout ratio is currently 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.