Twinbeech Capital LP Sells 408,634 Shares of LKQ Co. (NASDAQ:LKQ)

Twinbeech Capital LP lowered its stake in LKQ Co. (NASDAQ:LKQ) by 85.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 67,915 shares of the auto parts company’s stock after selling 408,634 shares during the quarter. Twinbeech Capital LP’s holdings in LKQ were worth $2,496,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in LKQ. Fuller & Thaler Asset Management Inc. bought a new position in LKQ in the 4th quarter worth about $165,548,000. EdgePoint Investment Group Inc. bought a new position in LKQ in the 4th quarter worth about $160,339,000. Norges Bank bought a new position in LKQ in the 4th quarter worth about $119,395,000. Clarkston Capital Partners LLC bought a new position in LKQ in the 4th quarter worth about $91,678,000. Finally, Eminence Capital LP bought a new position in LKQ in the 4th quarter worth about $68,944,000. Institutional investors own 95.63% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on LKQ shares. JPMorgan Chase & Co. raised their price target on LKQ from $48.00 to $49.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Barrington Research reaffirmed an “outperform” rating and issued a $60.00 price target on shares of LKQ in a report on Monday, April 21st. Finally, StockNews.com cut LKQ from a “buy” rating to a “hold” rating in a report on Wednesday. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, LKQ currently has an average rating of “Moderate Buy” and an average target price of $52.60.

Insider Activity at LKQ

In other LKQ news, CEO Justin L. Jude acquired 2,708 shares of the business’s stock in a transaction dated Friday, April 25th. The shares were purchased at an average cost of $36.99 per share, for a total transaction of $100,168.92. Following the transaction, the chief executive officer now 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dominick P. Zarcone sold 15,000 shares of LKQ stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $42.32, for a total value of $634,800.00. Following the completion of the sale, the director now owns 336,135 shares in the company, valued at approximately $14,225,233.20. This represents a 4.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 45,000 shares of company stock valued at $1,873,750. Corporate insiders own 0.55% of the company’s stock.

LKQ Stock Performance

NASDAQ:LKQ opened at $41.59 on Wednesday. The business’s 50-day moving average price is $40.86 and its two-hundred day moving average price is $39.41. LKQ Co. has a twelve month low of $35.56 and a twelve month high of $46.64. The stock has a market cap of $10.74 billion, a P/E ratio of 15.87 and a beta of 0.98. The company has a quick ratio of 0.67, a current ratio of 1.71 and a debt-to-equity ratio of 0.68.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings data on Thursday, April 24th. The auto parts company reported $0.79 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.79. The company had revenue of $3.46 billion for the quarter, compared to analysts’ expectations of $3.58 billion. LKQ had a return on equity of 14.93% and a net margin of 4.81%. LKQ’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same period last year, the firm posted $0.82 EPS. As a group, equities analysts predict that LKQ Co. will post 3.57 EPS for the current fiscal year.

LKQ Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be issued a dividend of $0.30 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.89%. LKQ’s dividend payout ratio is 44.78%.

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.