LKQ Co. (NASDAQ:LKQ) Holdings Lowered by Farther Finance Advisors LLC

Farther Finance Advisors LLC trimmed its stake in shares of LKQ Co. (NASDAQ:LKQ) by 16.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,991 shares of the auto parts company’s stock after selling 772 shares during the period. Farther Finance Advisors LLC’s holdings in LKQ were worth $147,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Cromwell Holdings LLC lifted its holdings in shares of LKQ by 81.0% during the fourth quarter. Cromwell Holdings LLC now owns 742 shares of the auto parts company’s stock valued at $27,000 after purchasing an additional 332 shares during the last quarter. Private Trust Co. NA raised its position in LKQ by 31.2% during the third quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company’s stock valued at $50,000 after buying an additional 299 shares during the period. CENTRAL TRUST Co raised its position in LKQ by 618.0% during the fourth quarter. CENTRAL TRUST Co now owns 1,673 shares of the auto parts company’s stock valued at $61,000 after buying an additional 1,440 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in LKQ during the third quarter valued at $81,000. Finally, Allworth Financial LP raised its position in LKQ by 107.8% during the fourth quarter. Allworth Financial LP now owns 2,099 shares of the auto parts company’s stock valued at $82,000 after buying an additional 1,089 shares during the period. 95.63% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at LKQ

In related news, Director Dominick P. Zarcone sold 5,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $36.14, for a total transaction of $180,700.00. Following the completion of the sale, the director now owns 369,462 shares in the company, valued at $13,352,356.68. This represents a 1.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders sold 35,000 shares of company stock worth $1,416,300. 0.55% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

LKQ has been the topic of several recent analyst reports. JPMorgan Chase & Co. upped their price target on LKQ from $48.00 to $49.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Barrington Research reissued an “outperform” rating and set a $60.00 price target on shares of LKQ in a research report on Thursday, February 20th. Finally, StockNews.com raised LKQ from a “hold” rating to a “buy” rating in a research report on Thursday. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, LKQ has an average rating of “Buy” and a consensus price target of $52.60.

LKQ Stock Performance

Shares of LKQ stock opened at $40.98 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.71 and a quick ratio of 0.67. LKQ Co. has a fifty-two week low of $35.56 and a fifty-two week high of $53.68. The stock’s 50-day moving average is $39.72 and its two-hundred day moving average is $38.96. The firm has a market cap of $10.62 billion, a P/E ratio of 15.64 and a beta of 1.28.

LKQ (NASDAQ:LKQ) last released its quarterly earnings results on Thursday, February 20th. The auto parts company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.04. The company had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.42 billion. LKQ had a return on equity of 14.93% and a net margin of 4.81%. Analysts predict that LKQ Co. will post 3.57 earnings per share for the current fiscal year.

LKQ Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $1.20 annualized dividend and a dividend yield of 2.93%. LKQ’s dividend payout ratio (DPR) is presently 45.80%.

About LKQ

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.