LKQ Co. (NASDAQ:LKQ) Shares Bought by Private Trust Co. NA

Private Trust Co. NA lifted its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 228.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 647 shares of the auto parts company’s stock after buying an additional 450 shares during the quarter. Private Trust Co. NA’s holdings in LKQ were worth $31,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Osborne Partners Capital Management LLC acquired a new position in shares of LKQ during the 4th quarter worth approximately $5,888,000. Applied Finance Capital Management LLC raised its stake in shares of LKQ by 8.3% during the 3rd quarter. Applied Finance Capital Management LLC now owns 339,801 shares of the auto parts company’s stock worth $16,824,000 after buying an additional 26,033 shares during the period. Coldstream Capital Management Inc. increased its position in shares of LKQ by 7.1% during the third quarter. Coldstream Capital Management Inc. now owns 4,071 shares of the auto parts company’s stock worth $202,000 after purchasing an additional 269 shares in the last quarter. Glenmede Trust Co. NA increased its position in shares of LKQ by 9.0% during the third quarter. Glenmede Trust Co. NA now owns 373,523 shares of the auto parts company’s stock worth $18,493,000 after purchasing an additional 30,742 shares in the last quarter. Finally, Barclays PLC increased its position in shares of LKQ by 30.4% during the third quarter. Barclays PLC now owns 668,820 shares of the auto parts company’s stock worth $33,114,000 after purchasing an additional 155,913 shares in the last quarter. 95.63% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Dominick P. Zarcone sold 200,000 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $51.97, for a total value of $10,394,000.00. Following the transaction, the chief executive officer now owns 386,522 shares of the company’s stock, valued at approximately $20,087,548.34. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.45% of the company’s stock.

Wall Street Analyst Weigh In

LKQ has been the subject of several research reports. JPMorgan Chase & Co. dropped their price target on LKQ from $65.00 to $63.00 and set an “overweight” rating for the company in a research report on Thursday, January 25th. Stifel Nicolaus reiterated a “buy” rating and set a $66.00 price target on shares of LKQ in a research report on Tuesday. StockNews.com cut LKQ from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. Finally, Barrington Research reiterated an “outperform” rating and set a $60.00 price target on shares of LKQ in a research report on Thursday, February 22nd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, LKQ presently has a consensus rating of “Moderate Buy” and an average price target of $63.50.

LKQ Stock Down 1.0 %

Shares of NASDAQ:LKQ opened at $49.99 on Friday. The company has a quick ratio of 0.53, a current ratio of 1.47 and a debt-to-equity ratio of 0.59. The business has a fifty day moving average of $51.05 and a two-hundred day moving average of $48.39. The stock has a market cap of $13.34 billion, a P/E ratio of 14.28 and a beta of 1.28. LKQ Co. has a 52-week low of $41.49 and a 52-week high of $59.38.

LKQ (NASDAQ:LKQ) last issued its earnings results on Thursday, February 22nd. The auto parts company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.08. The company had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.52 billion. LKQ had a return on equity of 17.24% and a net margin of 6.75%. The firm’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 EPS. On average, research analysts expect that LKQ Co. will post 4.08 earnings per share for the current year.

LKQ Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend was Wednesday, March 13th. LKQ’s payout ratio is currently 34.29%.

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.