LKQ Co. (NASDAQ:LKQ) Shares Sold by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. lowered its position in LKQ Co. (NASDAQ:LKQ) by 3.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,647 shares of the auto parts company’s stock after selling 4,700 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in LKQ were worth $5,861,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Ancora Advisors LLC grew its position in shares of LKQ by 4.5% during the 1st quarter. Ancora Advisors LLC now owns 5,433 shares of the auto parts company’s stock valued at $308,000 after buying an additional 233 shares during the last quarter. Studio Investment Management LLC grew its position in shares of LKQ by 2.4% during the 4th quarter. Studio Investment Management LLC now owns 9,977 shares of the auto parts company’s stock valued at $533,000 after buying an additional 235 shares during the last quarter. Jacobi Capital Management LLC grew its position in shares of LKQ by 1.4% during the 3rd quarter. Jacobi Capital Management LLC now owns 17,470 shares of the auto parts company’s stock valued at $865,000 after buying an additional 239 shares during the last quarter. Clear Street Markets LLC grew its position in shares of LKQ by 94.1% during the 1st quarter. Clear Street Markets LLC now owns 497 shares of the auto parts company’s stock valued at $28,000 after buying an additional 241 shares during the last quarter. Finally, Blue Trust Inc. grew its position in shares of LKQ by 30.8% during the 4th quarter. Blue Trust Inc. now owns 1,103 shares of the auto parts company’s stock valued at $55,000 after buying an additional 260 shares during the last quarter. Institutional investors and hedge funds own 95.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on LKQ shares. StockNews.com downgraded shares of LKQ from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. Barrington Research restated an “outperform” rating and issued a $60.00 target price on shares of LKQ in a research report on Thursday, February 22nd. JPMorgan Chase & Co. decreased their target price on shares of LKQ from $65.00 to $63.00 and set an “overweight” rating for the company in a research report on Thursday, January 25th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $66.00 target price on shares of LKQ in a research report on Tuesday, April 9th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $63.50.

LKQ Stock Down 1.2 %

LKQ stock opened at $48.44 on Wednesday. LKQ Co. has a 12 month low of $41.49 and a 12 month high of $59.38. The firm has a market cap of $12.92 billion, a PE ratio of 13.84 and a beta of 1.28. The firm has a 50 day simple moving average of $51.16 and a 200 day simple moving average of $48.36. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.47 and a quick ratio of 0.53.

LKQ (NASDAQ:LKQ) last released its earnings results on Thursday, February 22nd. The auto parts company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.76 by $0.08. The business had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.52 billion. LKQ had a net margin of 6.75% and a return on equity of 17.24%. The business’s quarterly revenue was up 16.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.78 earnings per share. Equities research analysts forecast that LKQ Co. will post 4.08 earnings per share for the current fiscal year.

LKQ Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $1.20 annualized dividend and a dividend yield of 2.48%. LKQ’s dividend payout ratio (DPR) is presently 34.29%.

Insider Activity at LKQ

In related news, CEO Dominick P. Zarcone sold 200,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $51.97, for a total value of $10,394,000.00. Following the completion of the sale, the chief executive officer now owns 386,522 shares in the company, valued at approximately $20,087,548.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.45% of the stock is owned by insiders.

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.