Vanguard Group Inc. Sells 132,967 Shares of LKQ Co. (NASDAQ:LKQ)

Vanguard Group Inc. lessened its position in shares of LKQ Co. (NASDAQ:LKQ - Free Report) by 0.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,532,218 shares of the auto parts company's stock after selling 132,967 shares during the period. Vanguard Group Inc. owned 12.13% of LKQ worth $1,158,809,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. LPL Financial LLC boosted its holdings in shares of LKQ by 10.4% during the 4th quarter. LPL Financial LLC now owns 126,729 shares of the auto parts company's stock worth $4,657,000 after buying an additional 11,975 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in LKQ during the fourth quarter worth $3,117,000. Goodman Financial Corp grew its holdings in LKQ by 7.7% in the fourth quarter. Goodman Financial Corp now owns 308,803 shares of the auto parts company's stock worth $11,348,000 after purchasing an additional 22,162 shares during the period. Semanteon Capital Management LP bought a new stake in LKQ in the fourth quarter valued at $367,000. Finally, Blueshift Asset Management LLC acquired a new position in shares of LKQ during the fourth quarter valued at about $1,548,000. Institutional investors and hedge funds own 95.63% of the company's stock.

Insider Buying and Selling

In other LKQ news, Director Dominick P. Zarcone sold 5,000 shares of the business's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $36.14, for a total value of $180,700.00. Following the transaction, the director now directly owns 369,462 shares in the company, valued at $13,352,356.68. The trade was a 1.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders have sold 35,000 shares of company stock worth $1,416,300. 0.55% of the stock is owned by company insiders.

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LKQ Stock Up 0.9 %

LKQ stock traded up $0.37 during trading on Monday, hitting $41.96. 1,044,927 shares of the company were exchanged, compared to its average volume of 2,506,405. The company has a current ratio of 1.71, a quick ratio of 0.67 and a debt-to-equity ratio of 0.68. The business's 50 day moving average is $40.14 and its 200 day moving average is $38.96. LKQ Co. has a 52 week low of $35.56 and a 52 week high of $53.53. The company has a market capitalization of $10.87 billion, a P/E ratio of 16.02 and a beta of 1.28.

LKQ (NASDAQ:LKQ - Get Free Report) last announced its earnings results on Thursday, February 20th. The auto parts company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.76 by $0.04. LKQ had a net margin of 4.81% and a return on equity of 14.93%. The company had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.42 billion. Analysts predict that LKQ Co. will post 3.57 earnings per share for the current year.

LKQ Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend was Thursday, March 13th. LKQ's payout ratio is 45.80%.

Analyst Ratings Changes

A number of research firms recently weighed in on LKQ. StockNews.com raised LKQ from a "hold" rating to a "buy" rating in a research note on Thursday, March 20th. JPMorgan Chase & Co. upped their target price on LKQ from $48.00 to $49.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Finally, Barrington Research reissued an "outperform" rating and issued a $60.00 price target on shares of LKQ in a research report on Thursday, February 20th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price 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.