LKQ Co. (NASDAQ:LKQ) Shares Sold by Sei Investments Co.

Sei Investments Co. lessened its stake in shares of LKQ Co. (NASDAQ:LKQ) by 36.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 382,910 shares of the auto parts company’s stock after selling 215,694 shares during the quarter. Sei Investments Co.’s holdings in LKQ were worth $14,072,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. OLD Second National Bank of Aurora raised its holdings in shares of LKQ by 0.7% during the fourth quarter. OLD Second National Bank of Aurora now owns 44,169 shares of the auto parts company’s stock valued at $1,623,000 after acquiring an additional 287 shares during the period. Private Trust Co. NA raised its stake in LKQ by 31.2% during the 3rd quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company’s stock valued at $50,000 after purchasing an additional 299 shares during the period. Cromwell Holdings LLC lifted its holdings in shares of LKQ by 81.0% in 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 in the last quarter. Exchange Traded Concepts LLC boosted its position in shares of LKQ by 9.3% in the fourth quarter. Exchange Traded Concepts LLC now owns 4,841 shares of the auto parts company’s stock worth $178,000 after buying an additional 412 shares during the period. Finally, Cornerstone Investment Partners LLC raised its position in LKQ by 3.5% during the fourth quarter. Cornerstone Investment Partners LLC now owns 12,368 shares of the auto parts company’s stock valued at $455,000 after buying an additional 423 shares during the period. 95.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. StockNews.com upgraded LKQ from a “hold” rating to a “buy” rating in a research report on Thursday, March 20th. Barrington Research restated an “outperform” rating and set a $60.00 price target on shares of LKQ in a report on Thursday, February 20th. Finally, JPMorgan Chase & Co. upped their price objective on shares of LKQ from $48.00 to $49.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $52.60.

LKQ Trading Up 0.5 %

NASDAQ:LKQ opened at $41.59 on Friday. The company has a market capitalization of $10.78 billion, a P/E ratio of 15.87 and a beta of 1.28. The stock’s 50 day moving average price is $40.14 and its 200 day moving average price is $38.96. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.67 and a current ratio of 1.71. LKQ Co. has a 52 week low of $35.56 and a 52 week high of $53.53.

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

LKQ Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a $0.30 dividend. The ex-dividend date was Thursday, March 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.89%. LKQ’s dividend payout ratio is currently 45.80%.

Insider Transactions at LKQ

In related news, Director Dominick P. Zarcone sold 5,000 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were 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 directly owns 369,462 shares of the company’s stock, valued at approximately $13,352,356.68. This represents a 1.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.

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.