Signaturefd LLC Has $3.85 Million Stock Position in LKQ Co. (NASDAQ:LKQ)

Signaturefd LLC lessened its holdings in LKQ Co. (NASDAQ:LKQ) by 4.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 104,747 shares of the auto parts company’s stock after selling 5,050 shares during the quarter. Signaturefd LLC’s holdings in LKQ were worth $3,849,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of LKQ. Cibc World Markets Corp increased its holdings in shares of LKQ by 14.6% during the fourth quarter. Cibc World Markets Corp now owns 41,177 shares of the auto parts company’s stock worth $1,513,000 after purchasing an additional 5,254 shares during the period. Twin Tree Management LP acquired a new stake in LKQ during the fourth quarter worth approximately $9,608,000. Creative Financial Designs Inc. ADV grew its position in LKQ by 5.6% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 22,485 shares of the auto parts company’s stock worth $826,000 after buying an additional 1,196 shares in the last quarter. Brandes Investment Partners LP increased its stake in LKQ by 118.6% during the 4th quarter. Brandes Investment Partners LP now owns 1,467,822 shares of the auto parts company’s stock worth $53,942,000 after acquiring an additional 796,461 shares during the period. Finally, Postrock Partners LLC acquired a new position in LKQ in the 4th quarter valued at $606,000. 95.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LKQ has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised their price target on LKQ from $48.00 to $49.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. StockNews.com cut shares of LKQ from a “buy” rating to a “hold” rating in a research report on Saturday, March 1st. Finally, Barrington Research reiterated an “outperform” rating and set a $60.00 price target on shares of LKQ in a research report on Thursday, February 20th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $52.60.

Insider Transactions at LKQ

In other news, Director Dominick P. Zarcone sold 5,000 shares of LKQ 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 transaction, the director now owns 369,462 shares in the company, valued at approximately $13,352,356.68. The trade was a 1.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have sold 35,000 shares of company stock worth $1,416,300. Insiders own 0.45% of the company’s stock.

LKQ Trading Up 0.9 %

LKQ opened at $41.66 on Monday. 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 current ratio of 1.71, a quick ratio of 0.67 and a debt-to-equity ratio of 0.68. The company’s 50 day moving average is $39.30 and its 200-day moving average is $38.91. LKQ Co. has a 1-year low of $35.56 and a 1-year high of $53.68.

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

LKQ Dividend Announcement

The company 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. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date of this dividend is Thursday, March 13th. LKQ’s payout ratio is 45.80%.

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.