Atlas Capital Advisors LLC Sells 337 Shares of LKQ Co. (NASDAQ:LKQ)

Atlas Capital Advisors LLC lowered its stake in LKQ Co. (NASDAQ:LKQ) by 5.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,640 shares of the auto parts company’s stock after selling 337 shares during the quarter. Atlas Capital Advisors LLC’s holdings in LKQ were worth $301,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of LKQ. CVA Family Office LLC bought a new stake in shares of LKQ during the fourth quarter worth about $26,000. Private Trust Co. NA grew 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 worth $31,000 after purchasing an additional 450 shares in the last quarter. Headinvest LLC purchased a new position in shares of LKQ in the 3rd quarter worth approximately $34,000. Bruce G. Allen Investments LLC purchased a new stake in shares of LKQ during the fourth quarter valued at approximately $37,000. Finally, Benjamin F. Edwards & Company Inc. raised its stake in shares of LKQ by 40.8% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 777 shares of the auto parts company’s stock worth $37,000 after purchasing an additional 225 shares during the period. 95.63% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on LKQ. Barrington Research reiterated an “outperform” rating and issued a $60.00 target price on shares of LKQ in a research note on Friday, April 19th. Stifel Nicolaus reissued a “buy” rating and issued a $66.00 price objective on shares of LKQ in a report on Tuesday, April 9th. Roth Mkm reiterated a “buy” rating and set a $65.00 target price on shares of LKQ in a research report on Tuesday, April 23rd. Finally, Robert W. Baird lowered their price target on shares of LKQ from $58.00 to $54.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 24th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, LKQ currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.60.

LKQ Stock Down 0.4 %

LKQ stock opened at $41.47 on Friday. The stock has a 50-day simple moving average of $43.05 and a two-hundred day simple moving average of $47.16. LKQ Co. has a twelve month low of $39.72 and a twelve month high of $59.38. The firm has a market capitalization of $11.06 billion, a PE ratio of 13.46 and a beta of 1.28. The company has a quick ratio of 0.68, a current ratio of 1.70 and a debt-to-equity ratio of 0.67.

LKQ (NASDAQ:LKQ) last posted its 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 firm had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.76 billion. LKQ had a return on equity of 15.94% and a net margin of 5.79%. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.04 earnings per share. On average, equities analysts predict that LKQ Co. will post 3.93 EPS for the current fiscal year.

LKQ Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th were paid a $0.30 dividend. The ex-dividend date was Wednesday, May 15th. This represents a $1.20 dividend on an annualized basis and a yield of 2.89%. LKQ’s dividend payout ratio is currently 38.96%.

Insider Buying and Selling at LKQ

In related news, Director Xavier Urbain sold 867 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $44.50, for a total value of $38,581.50. Following the transaction, the director now directly owns 15,606 shares in the company, valued at $694,467. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.55% of the company’s stock.

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.