Hsbc Holdings PLC Has $46.52 Million Position in LKQ Co. (NASDAQ:LKQ)

Hsbc Holdings PLC lessened its stake in shares of LKQ Co. (NASDAQ:LKQ) by 20.2% during the 4th quarter, HoldingsChannel reports. The firm owned 1,266,769 shares of the auto parts company’s stock after selling 319,943 shares during the quarter. Hsbc Holdings PLC’s holdings in LKQ were worth $46,522,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LKQ. Norges Bank bought a new stake in shares of LKQ during the 4th quarter worth $119,395,000. Clarkston Capital Partners LLC bought a new stake in LKQ during the fourth quarter valued at about $91,678,000. Invesco Ltd. grew its position in shares of LKQ by 26.6% in the fourth quarter. Invesco Ltd. now owns 5,571,136 shares of the auto parts company’s stock valued at $204,739,000 after purchasing an additional 1,171,481 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of LKQ in the fourth quarter worth about $40,363,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of LKQ by 25.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,231,940 shares of the auto parts company’s stock worth $192,268,000 after purchasing an additional 1,053,001 shares during the last quarter. Institutional investors and hedge funds own 95.63% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on LKQ. Barrington Research reaffirmed an “outperform” rating and issued a $60.00 price target on shares of LKQ in a research report on Monday. JPMorgan Chase & Co. boosted their target price on shares of LKQ from $48.00 to $49.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Finally, StockNews.com raised shares of LKQ from a “hold” rating to a “buy” rating in a report on Thursday, March 20th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $52.60.

LKQ Stock Down 11.6 %

Shares of LKQ stock opened at $37.26 on Friday. LKQ Co. has a one year low of $35.56 and a one year high of $46.64. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.71 and a quick ratio of 0.67. The stock has a fifty day moving average price of $41.50 and a 200 day moving average price of $39.18. The stock has a market cap of $9.63 billion, a P/E ratio of 14.22 and a beta of 1.09.

LKQ (NASDAQ:LKQ) last released its quarterly earnings data on Thursday, April 24th. The auto parts company reported $0.79 EPS for the quarter, hitting analysts’ consensus estimates of $0.79. LKQ had a net margin of 4.81% and a return on equity of 14.93%. Analysts predict that LKQ Co. will post 3.57 earnings per share for the current year.

LKQ Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.22%. 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 stock in a transaction dated 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 owns 369,462 shares in the company, valued at $13,352,356.68. This trade represents a 1.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In the last ninety days, insiders sold 45,000 shares of company stock valued at $1,864,350. Corporate insiders own 0.55% of the company’s stock.

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.