Thrivent Financial for Lutherans Sells 47,361 Shares of LKQ Co. (NASDAQ:LKQ)

Thrivent Financial for Lutherans reduced its holdings in shares of LKQ Co. (NASDAQ:LKQ - Free Report) by 25.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 138,477 shares of the auto parts company's stock after selling 47,361 shares during the period. Thrivent Financial for Lutherans owned about 0.05% of LKQ worth $5,089,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. OLD Second National Bank of Aurora raised its position in LKQ by 0.7% in the 4th quarter. OLD Second National Bank of Aurora now owns 44,169 shares of the auto parts company's stock valued at $1,623,000 after purchasing an additional 287 shares during the last quarter. Private Trust Co. NA increased its stake in shares of LKQ by 31.2% in the third quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company's stock valued at $50,000 after buying an additional 299 shares in the last quarter. Cromwell Holdings LLC raised its holdings in shares of LKQ by 81.0% in the fourth quarter. Cromwell Holdings LLC now owns 742 shares of the auto parts company's stock valued at $27,000 after buying an additional 332 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in LKQ by 9.3% during the 4th quarter. Exchange Traded Concepts LLC now owns 4,841 shares of the auto parts company's stock worth $178,000 after buying an additional 412 shares in the last quarter. Finally, Cornerstone Investment Partners LLC grew its holdings in LKQ by 3.5% during the 4th quarter. Cornerstone Investment Partners LLC now owns 12,368 shares of the auto parts company's stock worth $455,000 after acquiring an additional 423 shares during the last quarter. Institutional investors own 95.63% of the company's stock.

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Insider Buying and Selling at LKQ

In other LKQ news, Director Dominick P. Zarcone sold 5,000 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $36.84, for a total value of $184,200.00. Following the completion of the sale, the director now directly owns 374,462 shares in the company, valued at $13,795,180.08. This represents a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders sold 35,000 shares of company stock valued at $1,416,300. Corporate insiders own 0.55% of the company's stock.

LKQ Trading Up 0.5 %

LKQ stock traded up $0.19 during midday trading on Friday, reaching $41.59. The company's stock had a trading volume of 2,669,244 shares, compared to its average volume of 2,188,467. The business's 50-day simple moving average is $40.14 and its 200-day simple moving average is $38.96. The stock has a market cap of $10.78 billion, a PE ratio of 15.87 and a beta of 1.28. LKQ Co. has a 52 week low of $35.56 and a 52 week high of $53.68. The company has a quick ratio of 0.67, a current ratio of 1.71 and a debt-to-equity ratio of 0.68.

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. LKQ had a return on equity of 14.93% and a net margin of 4.81%. The business had revenue of $3.36 billion during the quarter, compared to analysts' expectations of $3.42 billion. As a group, sell-side analysts expect that LKQ Co. will post 3.57 EPS for the current year.

LKQ Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend was Thursday, March 13th. LKQ's dividend payout ratio is currently 45.80%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of LKQ from $48.00 to $49.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. StockNews.com raised LKQ from a "hold" rating to a "buy" rating in a report on Thursday, March 20th. 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. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $52.60.

LKQ 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.