First Hawaiian Bank Cuts Stock Position in LKQ Co. (NASDAQ:LKQ)

First Hawaiian Bank trimmed its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 12.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,120 shares of the auto parts company’s stock after selling 1,698 shares during the period. First Hawaiian Bank’s holdings in LKQ were worth $647,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. CVA Family Office LLC acquired a new position in shares of LKQ during the fourth quarter worth $26,000. Private Trust Co. NA boosted its position in LKQ by 228.4% in the 4th quarter. Private Trust Co. NA now owns 647 shares of the auto parts company’s stock valued at $31,000 after buying an additional 450 shares during the last quarter. Headinvest LLC acquired a new stake in shares of LKQ during the third quarter valued at about $34,000. Bruce G. Allen Investments LLC purchased a new stake in shares of LKQ during the fourth quarter worth about $37,000. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in shares of LKQ by 40.8% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 777 shares of the auto parts company’s stock worth $37,000 after acquiring an additional 225 shares in the last quarter. 95.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Roth Mkm restated a “buy” rating and set a $65.00 price objective on shares of LKQ in a report on Tuesday, April 23rd. Robert W. Baird cut their price target on shares of LKQ from $58.00 to $54.00 and set an “outperform” rating on the stock in a report on Wednesday, April 24th. StockNews.com downgraded shares of LKQ from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. Stifel Nicolaus reaffirmed a “buy” rating and set a $66.00 price target on shares of LKQ in a research report on Tuesday, April 9th. Finally, Barrington Research reissued an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a report on Friday, April 19th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $61.60.

LKQ Price Performance

LKQ opened at $41.66 on Friday. The company has a quick ratio of 0.68, a current ratio of 1.70 and a debt-to-equity ratio of 0.67. The company’s 50-day moving average price is $43.60 and its 200 day moving average price is $47.26. LKQ Co. has a fifty-two week low of $39.72 and a fifty-two week high of $59.38. The firm has a market cap of $11.11 billion, a price-to-earnings ratio of 13.53 and a beta of 1.28.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings results on Tuesday, April 23rd. The auto parts company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.13). The company had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.76 billion. LKQ had a return on equity of 15.94% and a net margin of 5.79%. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period last year, the business posted $1.04 EPS. As a group, sell-side analysts expect that LKQ Co. will post 3.93 earnings per share for the current year.

LKQ Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 16th were issued a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.88%. LKQ’s dividend payout ratio (DPR) is presently 38.96%.

Insider Activity at LKQ

In related news, Director Xavier Urbain sold 867 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $44.50, for a total value of $38,581.50. Following the completion of the transaction, the director now directly owns 15,606 shares of the company’s stock, valued at approximately $694,467. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.55% of the stock is currently 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.