Occudo Quantitative Strategies LP Sells 35,858 Shares of LKQ Co. (NASDAQ:LKQ)

Occudo Quantitative Strategies LP trimmed its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 85.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 6,024 shares of the auto parts company’s stock after selling 35,858 shares during the quarter. Occudo Quantitative Strategies LP’s holdings in LKQ were worth $221,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of LKQ. Cromwell Holdings LLC increased its holdings in 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. CENTRAL TRUST Co increased its holdings in 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. Allworth Financial LP increased its holdings in LKQ by 107.8% in the 4th 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 during the period. Blue Trust Inc. increased its holdings in LKQ by 25.9% in the 4th 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. Finally, Spire Wealth Management increased its holdings in LKQ by 92.5% in the 4th quarter. Spire Wealth Management now owns 2,890 shares of the auto parts company’s stock valued at $106,000 after buying an additional 1,389 shares during the period. 95.63% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. StockNews.com raised shares of LKQ from a “hold” rating to a “buy” rating in a report on Tuesday, May 13th. JPMorgan Chase & Co. lifted their price target on shares of LKQ from $48.00 to $49.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Finally, Barrington Research reaffirmed an “outperform” rating and set a $60.00 price target on shares of LKQ in a report on Monday, April 21st. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $52.60.

LKQ Stock Up 1.0%

NASDAQ:LKQ opened at $42.56 on Friday. The firm’s 50 day simple moving average is $40.86 and its 200 day simple moving average is $39.34. 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 Co. has a one year low of $35.56 and a one year high of $46.64. The company has a market cap of $10.99 billion, a PE ratio of 16.24 and a beta of 0.98.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings results on Thursday, April 24th. The auto parts company reported $0.79 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.79. The firm had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $3.58 billion. LKQ had a net margin of 4.81% and a return on equity of 14.93%. The company’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.82 EPS. On average, research analysts anticipate that LKQ Co. will post 3.57 earnings per share for the current year.

LKQ Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th will be given a $0.30 dividend. The ex-dividend date is Thursday, May 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.82%. LKQ’s dividend payout ratio (DPR) is currently 44.78%.

Insider Transactions at LKQ

In other news, Director Dominick P. Zarcone sold 10,000 shares of LKQ stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $41.66, for a total value of $416,600.00. Following the completion of the sale, the director now owns 359,462 shares in the company, valued at $14,975,186.92. The trade was a 2.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Justin L. Jude acquired 2,708 shares of the stock in a transaction dated Friday, April 25th. The stock was bought at an average price of $36.99 per share, with a total value of $100,168.92. Following the purchase, the chief executive officer now directly owns 280,777 shares in the company, valued at $10,385,941.23. This represents a 0.97% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 45,000 shares of company stock worth $1,873,750. Company insiders own 0.55% of the company’s stock.

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.