Winslow Asset Management Inc. Sells 36,127 Shares of LKQ Co. (NASDAQ:LKQ)

Winslow Asset Management Inc. cut its stake in LKQ Co. (NASDAQ:LKQ - Free Report) by 23.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 118,914 shares of the auto parts company's stock after selling 36,127 shares during the period. Winslow Asset Management Inc.'s holdings in LKQ were worth $4,370,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp grew its stake in LKQ by 73.7% in the fourth quarter. Jones Financial Companies Lllp now owns 5,685 shares of the auto parts company's stock valued at $209,000 after acquiring an additional 2,413 shares during the period. Keynote Financial Services LLC grew its position in shares of LKQ by 33.4% in the 4th quarter. Keynote Financial Services LLC now owns 18,052 shares of the auto parts company's stock valued at $663,000 after purchasing an additional 4,518 shares during the period. Connable Office Inc. bought a new stake in LKQ during the 4th quarter worth approximately $203,000. US Bancorp DE lifted its stake in LKQ by 33.6% in the fourth quarter. US Bancorp DE now owns 30,255 shares of the auto parts company's stock valued at $1,112,000 after buying an additional 7,611 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in shares of LKQ in the fourth quarter valued at approximately $556,000. Institutional investors and hedge funds own 95.63% of the company's stock.

LKQ Stock Performance

NASDAQ:LKQ traded down $0.19 during mid-day trading on Monday, hitting $42.00. The stock had a trading volume of 3,532,051 shares, compared to its average volume of 2,301,419. LKQ Co. has a twelve month low of $35.56 and a twelve month high of $53.68. 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 stock has a market cap of $10.88 billion, a price-to-earnings ratio of 16.03 and a beta of 1.29. The company's 50 day simple moving average is $38.13 and its 200 day simple moving average is $38.85.

LKQ (NASDAQ:LKQ - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The auto parts company reported $0.80 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.36 billion during the quarter, compared to analysts' expectations of $3.42 billion. On average, equities research analysts forecast that LKQ Co. will post 3.57 earnings per share for the current year.

LKQ Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, March 13th. This represents a $1.20 dividend on an annualized basis and a yield of 2.86%. LKQ's dividend payout ratio (DPR) is 45.80%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at LKQ

In other news, Director Dominick P. Zarcone sold 5,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was 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 approximately $13,352,356.68. This trade represents a 1.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 20,000 shares of company stock worth $781,500 over the last ninety days. Insiders own 0.55% of the company's stock.

About LKQ

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.