Wellington Management Group LLP Sells 4,855,178 Shares of LKQ Co. (NASDAQ:LKQ)

Wellington Management Group LLP lessened its position in shares of LKQ Co. (NASDAQ:LKQ) by 77.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,394,638 shares of the auto parts company’s stock after selling 4,855,178 shares during the period. Wellington Management Group LLP owned approximately 0.54% of LKQ worth $51,253,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Cromwell Holdings LLC increased its position in LKQ by 81.0% during the fourth quarter. Cromwell Holdings LLC now owns 742 shares of the auto parts company’s stock worth $27,000 after acquiring an additional 332 shares during the period. CENTRAL TRUST Co increased its holdings in shares of LKQ by 618.0% during the fourth quarter. CENTRAL TRUST Co now owns 1,673 shares of the auto parts company’s stock worth $61,000 after purchasing an additional 1,440 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of LKQ during the third quarter worth approximately $81,000. Allworth Financial LP raised its position in shares of LKQ by 107.8% in the fourth quarter. Allworth Financial LP now owns 2,099 shares of the auto parts company’s stock valued at $82,000 after buying an additional 1,089 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of LKQ by 25.9% in the fourth quarter. Blue Trust Inc. now owns 2,847 shares of the auto parts company’s stock valued at $105,000 after buying an additional 585 shares during the period. Institutional investors and hedge funds own 95.63% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on LKQ. JPMorgan Chase & Co. lifted their price objective on LKQ from $48.00 to $49.00 and gave the company an “overweight” rating in a report on Friday, February 21st. StockNews.com raised LKQ from a “hold” rating to a “buy” rating in a research note on Thursday, March 20th. Finally, 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. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, LKQ currently has an average rating of “Buy” and a consensus price target of $52.60.

LKQ Price Performance

LKQ stock opened at $41.29 on Friday. 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 stock has a market capitalization of $10.68 billion, a P/E ratio of 15.76 and a beta of 1.28. LKQ Co. has a 52 week low of $35.56 and a 52 week high of $52.06. The stock has a fifty day moving average of $40.52 and a 200-day moving average of $39.04.

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

LKQ Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a dividend of $0.30 per share. 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 presently 45.80%.

Insiders Place Their Bets

In related news, Director Dominick P. Zarcone sold 5,000 shares of the business’s stock in a transaction 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 transaction, the director now owns 369,462 shares in the company, valued at $13,352,356.68. The trade was a 1.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders have sold 45,000 shares of company stock valued at $1,864,350. 0.55% of the stock is currently owned by company insiders.

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.