LKQ Co. (NASDAQ:LKQ) Shares Sold by Swiss National Bank

Swiss National Bank trimmed its position in LKQ Co. (NASDAQ:LKQ - Free Report) by 5.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 743,700 shares of the auto parts company's stock after selling 46,100 shares during the quarter. Swiss National Bank owned 0.29% of LKQ worth $27,331,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Cromwell Holdings LLC boosted its position in LKQ by 81.0% during the 4th quarter. Cromwell Holdings LLC now owns 742 shares of the auto parts company's stock worth $27,000 after purchasing an additional 332 shares during the period. Private Trust Co. NA increased its stake in LKQ by 31.2% during the 3rd quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company's stock worth $50,000 after buying an additional 299 shares during the period. CENTRAL TRUST Co lifted its holdings in 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 buying an additional 1,440 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in LKQ in the 3rd quarter valued at about $81,000. Finally, Allworth Financial LP boosted its position in LKQ by 107.8% in the 4th quarter. Allworth Financial LP now owns 2,099 shares of the auto parts company's stock valued at $82,000 after buying an additional 1,089 shares during the last quarter. 95.63% of the stock is owned by institutional investors and hedge funds.

LKQ Stock Performance

Shares of NASDAQ:LKQ traded down $0.58 on Friday, reaching $40.40. 7,151,095 shares of the company's stock were exchanged, compared to its average volume of 2,081,052. LKQ Co. has a fifty-two week low of $35.56 and a fifty-two week high of $53.68. The business's 50-day moving average is $39.72 and its two-hundred day moving average is $38.96. 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 firm has a market capitalization of $10.47 billion, a price-to-earnings ratio of 15.42 and a beta of 1.28.

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LKQ (NASDAQ:LKQ - Get Free Report) last issued its earnings results on Thursday, February 20th. The auto parts company reported $0.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.76 by $0.04. The firm had revenue of $3.36 billion for the quarter, compared to analysts' expectations of $3.42 billion. LKQ had a net margin of 4.81% and a return on equity of 14.93%. As a group, equities research analysts forecast that LKQ Co. will post 3.57 EPS for the current year.

LKQ Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date of this dividend is Thursday, March 13th. LKQ's payout ratio is 45.80%.

Insider Activity

In other news, Director Dominick P. Zarcone sold 5,000 shares of the business's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $36.84, for a total transaction of $184,200.00. Following the completion of the transaction, the director now directly owns 374,462 shares in the company, valued at approximately $13,795,180.08. The trade was a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last quarter, insiders sold 35,000 shares of company stock valued at $1,416,300. 0.55% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on LKQ shares. Barrington Research reaffirmed an "outperform" rating and issued a $60.00 target price on shares of LKQ in a research report on Thursday, February 20th. StockNews.com raised shares of LKQ from a "hold" rating to a "buy" rating in a report on Thursday. Finally, JPMorgan Chase & Co. upped their target price 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, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average 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.