LKQ Co. (NASDAQ:LKQ) Shares Sold by Prudential PLC

Prudential PLC lowered its position in LKQ Co. (NASDAQ:LKQ) by 55.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 89,222 shares of the auto parts company’s stock after selling 111,905 shares during the quarter. Prudential PLC’s holdings in LKQ were worth $3,279,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. State Street Corp grew its holdings in LKQ by 1.2% in the 3rd quarter. State Street Corp now owns 11,449,166 shares of the auto parts company’s stock worth $457,051,000 after buying an additional 134,176 shares in the last quarter. Nordea Investment Management AB grew its stake in shares of LKQ by 11.0% in the fourth quarter. Nordea Investment Management AB now owns 8,406,444 shares of the auto parts company’s stock worth $309,609,000 after purchasing an additional 833,519 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of LKQ by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 6,591,553 shares of the auto parts company’s stock valued at $241,643,000 after purchasing an additional 48,813 shares during the period. Norges Bank bought a new stake in shares of LKQ during the fourth quarter valued at about $119,395,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of LKQ by 3.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,572,676 shares of the auto parts company’s stock valued at $94,546,000 after purchasing an additional 84,244 shares in the last quarter. Institutional investors own 95.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on LKQ shares. JPMorgan Chase & Co. raised their target price 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. Barrington Research reiterated an “outperform” rating and set a $60.00 price objective on shares of LKQ in a research note on Thursday, February 20th. Finally, StockNews.com upgraded LKQ from a “hold” rating to a “buy” rating in a research report on Thursday, March 20th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $52.60.

Insider Buying and Selling

In related news, Director Dominick P. Zarcone sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $36.14, for a total value of $180,700.00. Following the completion of the transaction, the director now owns 369,462 shares of the company’s stock, valued at approximately $13,352,356.68. This trade represents a 1.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last quarter, insiders have sold 45,000 shares of company stock valued at $1,864,350. 0.55% of the stock is owned by corporate insiders.

LKQ Stock Down 2.1 %

NASDAQ LKQ opened at $41.29 on Friday. LKQ Co. has a 12 month low of $35.56 and a 12 month high of $52.06. The company has a market capitalization of $10.68 billion, a P/E ratio of 15.76 and a beta of 1.28. The company’s 50 day simple moving average is $40.52 and its 200 day simple moving average is $39.04. 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 (NASDAQ:LKQ) last posted its quarterly earnings results on Thursday, February 20th. The auto parts company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.04. The company had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.42 billion. LKQ had a return on equity of 14.93% and a net margin of 4.81%. Equities research analysts expect 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 was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a $0.30 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.91%. LKQ’s dividend payout ratio (DPR) is 45.80%.

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.