Zurcher Kantonalbank Zurich Cantonalbank Decreases Holdings in LKQ Co. (NASDAQ:LKQ)

Zurcher Kantonalbank Zurich Cantonalbank cut its stake in shares of LKQ Co. (NASDAQ:LKQ - Free Report) by 28.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 332,441 shares of the auto parts company's stock after selling 132,307 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned 0.13% of LKQ worth $12,217,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Van ECK Associates Corp increased its stake in shares of LKQ by 7.0% in the third quarter. Van ECK Associates Corp now owns 7,372 shares of the auto parts company's stock valued at $279,000 after buying an additional 485 shares during the period. Sigma Planning Corp increased its position in LKQ by 12.1% in the 3rd quarter. Sigma Planning Corp now owns 5,813 shares of the auto parts company's stock valued at $232,000 after acquiring an additional 627 shares during the period. Crossmark Global Holdings Inc. lifted its holdings in shares of LKQ by 10.4% during the third quarter. Crossmark Global Holdings Inc. now owns 21,816 shares of the auto parts company's stock worth $871,000 after purchasing an additional 2,047 shares during the period. GSA Capital Partners LLP bought a new stake in shares of LKQ in the third quarter worth $274,000. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in LKQ by 1.6% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 679,430 shares of the auto parts company's stock valued at $27,123,000 after purchasing an additional 10,912 shares during the period. 95.63% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling

In related 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 transaction of $180,700.00. Following the transaction, the director now directly owns 369,462 shares in the company, valued at approximately $13,352,356.68. The trade was a 1.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders sold 35,000 shares of company stock worth $1,416,300. 0.45% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on LKQ. JPMorgan Chase & Co. lifted their target price on LKQ from $48.00 to $49.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. StockNews.com downgraded LKQ from a "buy" rating to a "hold" rating in a report on Saturday, March 1st. Finally, Barrington Research restated an "outperform" rating and set a $60.00 price target on shares of LKQ in a report on Thursday, February 20th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $52.60.

LKQ Stock Down 3.0 %

NASDAQ:LKQ traded down $1.26 on Thursday, hitting $41.28. The stock had a trading volume of 2,422,413 shares, compared to its average volume of 2,417,144. The company has a market cap of $10.70 billion, a PE ratio of 15.76 and a beta of 1.27. LKQ Co. has a 52 week low of $35.56 and a 52 week high of $53.68. The business's fifty day moving average is $39.09 and its 200 day moving average is $38.95. 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 posted its earnings results on Thursday, February 20th. The auto parts company reported $0.80 earnings per share for the quarter, topping analysts' consensus estimates 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 net margin of 4.81% and a return on equity of 14.93%. On average, equities research analysts expect that LKQ Co. will post 3.57 EPS for the current fiscal year.

LKQ Dividend Announcement

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 given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $1.20 annualized dividend and a dividend yield of 2.91%. LKQ's payout ratio is 45.80%.

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.