LKQ Co. (NASDAQ:LKQ) Shares Bought by Venturi Wealth Management LLC

Venturi Wealth Management LLC increased its position in LKQ Co. (NASDAQ:LKQ) by 657.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,733 shares of the auto parts company’s stock after acquiring an additional 5,844 shares during the period. Venturi Wealth Management LLC’s holdings in LKQ were worth $247,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Pacer Advisors Inc. grew its holdings in shares of LKQ by 112.9% in the 4th quarter. Pacer Advisors Inc. now owns 42,563 shares of the auto parts company’s stock worth $1,564,000 after acquiring an additional 22,575 shares during the period. Nordea Investment Management AB lifted its stake in LKQ by 11.0% in the 4th quarter. Nordea Investment Management AB now owns 8,406,444 shares of the auto parts company’s stock valued at $309,609,000 after buying an additional 833,519 shares in the last quarter. Rehmann Capital Advisory Group purchased a new stake in LKQ in the 3rd quarter valued at approximately $634,000. Ninety One UK Ltd lifted its stake in LKQ by 28.5% in the 4th quarter. Ninety One UK Ltd now owns 833,015 shares of the auto parts company’s stock valued at $30,613,000 after buying an additional 184,710 shares in the last quarter. Finally, Quantbot Technologies LP lifted its stake in LKQ by 27,310.6% in the 3rd quarter. Quantbot Technologies LP now owns 64,415 shares of the auto parts company’s stock valued at $2,571,000 after buying an additional 64,180 shares in the last quarter. Institutional investors and hedge funds own 95.63% of the company’s stock.

LKQ Trading Down 3.0 %

Shares of LKQ stock opened at $40.49 on Friday. LKQ Co. has a fifty-two week low of $35.56 and a fifty-two week high of $53.68. The firm has a market cap of $10.53 billion, a PE ratio of 15.11 and a beta of 1.29. The business’s fifty day moving average is $37.63 and its two-hundred day moving average is $38.76. The company has a quick ratio of 0.67, a current ratio of 1.72 and a debt-to-equity ratio of 0.69.

LKQ (NASDAQ:LKQ) last issued its earnings results on Thursday, February 20th. The auto parts company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.04. The business had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.42 billion. LKQ had a return on equity of 15.15% and a net margin of 4.90%. Analysts anticipate that LKQ Co. will post 3.43 earnings per share for the current year.

LKQ Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be issued a $0.30 dividend. The ex-dividend date is Thursday, March 13th. This represents a $1.20 annualized dividend and a yield of 2.96%. LKQ’s dividend payout ratio is currently 44.78%.

Analyst Ratings Changes

LKQ has been the topic of a number of recent research reports. StockNews.com lowered LKQ from a “buy” rating to a “hold” rating in a research note on Thursday. JPMorgan Chase & Co. upped their target price on LKQ from $48.00 to $49.00 and gave the company an “overweight” rating in a research note on Friday. Robert W. Baird reduced their target price on LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Stifel Nicolaus reduced their target price on LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $60.00 target price on shares of LKQ in a research note on Thursday. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $52.60.

Insider Activity at LKQ

In related news, Director Dominick P. Zarcone sold 5,000 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $36.14, for a total value of $180,700.00. Following the completion of the sale, the director now directly owns 369,462 shares in the company, valued at approximately $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 accessible through the SEC website. In the last three months, insiders sold 20,000 shares of company stock worth $781,500. Corporate insiders own 0.55% of the company’s stock.

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.