US Bancorp DE Grows Stock Holdings in LKQ Co. (NASDAQ:LKQ)

US Bancorp DE increased its stake in LKQ Co. (NASDAQ:LKQ - Free Report) by 33.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,255 shares of the auto parts company's stock after buying an additional 7,611 shares during the period. US Bancorp DE's holdings in LKQ were worth $1,112,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Erste Asset Management GmbH bought a new position in shares of LKQ during the 3rd quarter worth $45,733,000. Seizert Capital Partners LLC lifted its stake in LKQ by 451.1% in the third quarter. Seizert Capital Partners LLC now owns 1,327,664 shares of the auto parts company's stock worth $53,000,000 after acquiring an additional 1,086,758 shares during the period. Nordea Investment Management AB grew its holdings in LKQ by 11.0% during the 4th quarter. Nordea Investment Management AB now owns 8,406,444 shares of the auto parts company's stock worth $309,609,000 after acquiring an additional 833,519 shares in the last quarter. KBC Group NV increased its position in LKQ by 68.5% during the 4th quarter. KBC Group NV now owns 1,210,661 shares of the auto parts company's stock valued at $44,492,000 after purchasing an additional 492,356 shares during the period. Finally, FMR LLC raised its holdings in shares of LKQ by 7.3% in the 3rd quarter. FMR LLC now owns 6,020,689 shares of the auto parts company's stock valued at $240,346,000 after purchasing an additional 411,390 shares in the last quarter. Institutional investors own 95.63% of the company's stock.

Analyst Ratings Changes

LKQ has been the topic of a number of recent research reports. StockNews.com downgraded shares of LKQ from a "buy" rating to a "hold" rating in a research note on Saturday, March 1st. Barrington Research reiterated an "outperform" rating and issued a $60.00 price target on shares of LKQ in a report on Thursday, February 20th. Finally, JPMorgan Chase & Co. boosted their price target on LKQ from $48.00 to $49.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $52.60.

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Insiders Place Their Bets

In other LKQ news, Director Dominick P. Zarcone sold 15,000 shares of LKQ stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $42.32, for a total transaction of $634,800.00. Following the completion of the sale, the director now owns 336,135 shares of the company's stock, valued at approximately $14,225,233.20. The trade was a 4.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last quarter, insiders have sold 35,000 shares of company stock valued at $1,416,300. Insiders own 0.45% of the company's stock.

LKQ Stock Down 2.0 %

LKQ traded down $0.84 during trading on Wednesday, hitting $42.34. The stock had a trading volume of 247,428 shares, compared to its average volume of 2,357,907. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.67 and a current ratio of 1.71. The company has a market capitalization of $10.97 billion, a PE ratio of 16.14 and a beta of 1.27. LKQ Co. has a twelve month low of $35.56 and a twelve month high of $53.68. The stock has a 50 day simple moving average of $38.98 and a two-hundred day simple moving average of $38.92.

LKQ (NASDAQ:LKQ - Get Free Report) last announced its earnings results on Thursday, February 20th. The auto parts company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.04. The company had revenue of $3.36 billion for 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%. On average, research analysts predict that LKQ Co. will post 3.57 earnings per share for the current year.

LKQ Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors 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 2.83%. The ex-dividend date of this dividend is Thursday, March 13th. LKQ's dividend payout ratio (DPR) is presently 45.80%.

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.