LKQ Co. (NASDAQ:LKQ) Shares Acquired by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ grew its holdings in LKQ Co. (NASDAQ:LKQ) by 61.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 91,213 shares of the auto parts company’s stock after purchasing an additional 34,774 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in LKQ were worth $3,303,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of LKQ. Cromwell Holdings LLC raised its holdings in shares of LKQ by 81.0% in the 4th quarter. Cromwell Holdings LLC now owns 742 shares of the auto parts company’s stock valued at $27,000 after buying an additional 332 shares during the period. Private Trust Co. NA raised its holdings in shares of LKQ by 31.2% in the 3rd 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 holdings in shares of LKQ by 618.0% in the 4th 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 purchased a new stake in shares of LKQ in the 3rd quarter valued at $81,000. Finally, Allworth Financial LP increased its holdings in LKQ by 107.8% during the 4th quarter. Allworth Financial LP now owns 2,099 shares of the auto parts company’s stock worth $82,000 after purchasing an additional 1,089 shares during the period. Institutional investors and hedge funds own 95.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. upped their price target on LKQ from $48.00 to $49.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. StockNews.com downgraded LKQ from a “buy” rating to a “hold” rating in a report on Saturday, March 1st. Finally, Barrington Research restated an “outperform” rating and set a $60.00 price target on shares of LKQ in a report on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $52.60.

LKQ Trading Up 0.9 %

LKQ opened at $41.66 on Monday. LKQ Co. has a one year low of $35.56 and a one year high of $53.68. The company has a market cap of $10.80 billion, a P/E ratio of 15.90 and a beta of 1.27. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.67 and a current ratio of 1.71. The business’s 50-day simple moving average is $39.30 and its 200-day simple moving average is $38.91.

LKQ (NASDAQ:LKQ) last released its quarterly earnings data on Thursday, February 20th. The auto parts company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.04. LKQ had a return on equity of 14.93% and a net margin of 4.81%. The business had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.42 billion. As a group, equities research analysts expect that LKQ Co. will post 3.57 EPS for the current fiscal year.

LKQ Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.88%. LKQ’s payout ratio is currently 45.80%.

Insider Activity at LKQ

In related news, Director Dominick P. Zarcone sold 5,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $36.84, for a total value of $184,200.00. Following the completion of the sale, the director now directly owns 374,462 shares of the company’s stock, valued at $13,795,180.08. This represents a 1.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 35,000 shares of company stock valued at $1,416,300 in the last three months. 0.45% of the stock is currently owned by company 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.