LKQ Co. (NASDAQ:LKQ) Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC trimmed its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 55.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,797 shares of the auto parts company’s stock after selling 8,380 shares during the period. Cresset Asset Management LLC’s holdings in LKQ were worth $250,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of LKQ. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of LKQ in the 4th quarter worth about $165,548,000. Norges Bank acquired a new stake in shares of LKQ in the 4th quarter worth about $119,395,000. Clarkston Capital Partners LLC acquired a new stake in shares of LKQ in the 4th quarter worth about $91,678,000. Invesco Ltd. increased its holdings in shares of LKQ by 26.6% in the 4th quarter. Invesco Ltd. now owns 5,571,136 shares of the auto parts company’s stock worth $204,739,000 after acquiring an additional 1,171,481 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of LKQ in the 4th quarter worth about $40,363,000. 95.63% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Justin L. Jude bought 2,708 shares of the firm’s stock in a transaction on Friday, April 25th. The stock was bought at an average cost of $36.99 per share, for a total transaction of $100,168.92. Following the completion of the acquisition, 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 position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Dominick P. Zarcone sold 15,000 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $42.32, for a total transaction of $634,800.00. Following the completion of the transaction, the director now owns 336,135 shares of the company’s stock, valued at approximately $14,225,233.20. The trade was a 4.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,000 shares of company stock worth $1,873,750. Corporate insiders own 0.55% of the company’s stock.

Wall Street Analyst Weigh In

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

LKQ Stock Performance

Shares of LKQ opened at $42.56 on Friday. LKQ Co. has a 52-week low of $35.56 and a 52-week high of $46.64. The company has a quick ratio of 0.67, a current ratio of 1.71 and a debt-to-equity ratio of 0.68. The firm has a 50-day moving average price of $40.86 and a 200 day moving average price of $39.34. The firm has a market capitalization of $10.99 billion, a PE ratio of 16.24 and a beta of 0.98.

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

LKQ Announces Dividend

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

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.