Prudent Man Advisors LLC Sells 430 Shares of LKQ Co. (NASDAQ:LKQ)

Prudent Man Advisors LLC cut its stake in LKQ Co. (NASDAQ:LKQ) by 3.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,532 shares of the auto parts company’s stock after selling 430 shares during the period. Prudent Man Advisors LLC’s holdings in LKQ were worth $424,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. OLD Second National Bank of Aurora raised its stake in shares of LKQ by 0.7% during the fourth quarter. OLD Second National Bank of Aurora now owns 44,169 shares of the auto parts company’s stock worth $1,623,000 after buying an additional 287 shares during the last quarter. Private Trust Co. NA raised its stake in shares of LKQ by 31.2% during the third quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company’s stock worth $50,000 after buying an additional 299 shares during the last quarter. Asset Management One Co. Ltd. raised its stake in shares of LKQ by 0.3% during the third quarter. Asset Management One Co. Ltd. now owns 103,156 shares of the auto parts company’s stock worth $4,118,000 after buying an additional 306 shares during the last quarter. Cromwell Holdings LLC raised its stake in shares of 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 buying an additional 332 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its stake in shares of LKQ by 9.3% during the fourth quarter. Exchange Traded Concepts LLC now owns 4,841 shares of the auto parts company’s stock worth $178,000 after buying an additional 412 shares during the last quarter. 95.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Barrington Research reissued an “outperform” rating and set a $60.00 price target on shares of LKQ in a research note on Thursday, February 20th. StockNews.com downgraded shares of LKQ from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of LKQ from $48.00 to $49.00 and gave the company an “overweight” rating in a report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, LKQ presently has an average rating of “Moderate Buy” and a consensus price target of $52.60.

Insider Activity

In other news, Director Dominick P. Zarcone sold 10,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 359,462 shares in the company, valued at $14,975,186.92. This represents a 2.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 20,000 shares of company stock worth $781,500 over the last quarter. 0.55% of the stock is currently owned by company insiders.

LKQ Stock Up 0.8 %

Shares of NASDAQ LKQ opened at $42.19 on Friday. The stock has a market cap of $10.93 billion, a P/E ratio of 16.10 and a beta of 1.29. The firm has a 50 day moving average price of $38.13 and a 200 day moving average price of $38.85. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.67 and a current ratio of 1.71. LKQ Co. has a 52-week low of $35.56 and a 52-week high of $53.68.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings data on Thursday, February 20th. The auto parts company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.04. The firm had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.42 billion. LKQ had a net margin of 4.81% and a return on equity of 14.93%. Analysts expect that LKQ Co. will post 3.57 EPS for the current year.

LKQ Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.84%. The ex-dividend date is Thursday, March 13th. LKQ’s dividend payout ratio (DPR) is presently 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.