LKQ Co. (NASDAQ:LKQ) Shares Sold by GAMMA Investing LLC

GAMMA Investing LLC lowered its holdings in LKQ Co. (NASDAQ:LKQ) by 27.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,901 shares of the auto parts company’s stock after selling 1,496 shares during the quarter. GAMMA Investing LLC’s holdings in LKQ were worth $143,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Squarepoint Ops LLC grew its stake in shares of LKQ by 3,683.6% during the 2nd quarter. Squarepoint Ops LLC now owns 274,577 shares of the auto parts company’s stock worth $11,420,000 after purchasing an additional 267,320 shares during the period. Oppenheimer & Co. Inc. boosted its holdings in LKQ by 28.6% during the second quarter. Oppenheimer & Co. Inc. now owns 65,548 shares of the auto parts company’s stock worth $2,726,000 after buying an additional 14,573 shares in the last quarter. Rehmann Capital Advisory Group acquired a new stake in LKQ during the third quarter valued at $634,000. Federated Hermes Inc. increased its holdings in LKQ by 2.6% in the second quarter. Federated Hermes Inc. now owns 1,317,672 shares of the auto parts company’s stock valued at $54,802,000 after buying an additional 33,459 shares in the last quarter. Finally, Quantbot Technologies LP raised its position in shares of LKQ by 27,310.6% in the third quarter. Quantbot Technologies LP now owns 64,415 shares of the auto parts company’s stock worth $2,571,000 after acquiring an additional 64,180 shares during the period. Hedge funds and other institutional investors own 95.63% of the company’s stock.

Analyst Ratings Changes

LKQ has been the topic of a number of analyst reports. Barrington Research restated an “outperform” rating and set a $60.00 target price on shares of LKQ in a research report on Friday, October 25th. Stifel Nicolaus dropped their price objective on LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, October 25th. JPMorgan Chase & Co. upped their target price on LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a research note on Thursday, September 12th. Robert W. Baird dropped their price target on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Finally, Roth Mkm restated a “buy” rating and set a $59.00 price objective on shares of LKQ in a research report on Thursday, September 12th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $53.80.

LKQ Price Performance

Shares of LKQ stock opened at $36.34 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.72 and a quick ratio of 0.67. The business has a 50 day simple moving average of $37.85 and a two-hundred day simple moving average of $39.65. The stock has a market capitalization of $9.45 billion, a P/E ratio of 13.56 and a beta of 1.30. LKQ Co. has a 12 month low of $35.56 and a 12 month high of $53.68.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings data on Thursday, October 24th. The auto parts company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.01. LKQ had a return on equity of 15.15% and a net margin of 4.90%. The company had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same quarter last year, the firm posted $0.86 EPS. The firm’s revenue for the quarter was up .4% on a year-over-year basis. As a group, analysts predict that LKQ Co. will post 3.43 EPS for the current fiscal year.

LKQ Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 3.30%. LKQ’s dividend payout ratio is presently 44.78%.

Insider Activity at LKQ

In related news, Director Dominick P. Zarcone sold 5,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $36.84, for a total transaction of $184,200.00. Following the completion of the sale, the director now directly owns 374,462 shares in the company, valued at approximately $13,795,180.08. This trade represents a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.55% of the stock is owned by corporate insiders.

LKQ Company 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.