LKQ Co. (NASDAQ:LKQ) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lowered its holdings in LKQ Co. (NASDAQ:LKQ) by 15.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 336,080 shares of the auto parts company’s stock after selling 62,232 shares during the period. Oppenheimer Asset Management Inc.’s holdings in LKQ were worth $12,351,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in LKQ. Catalyst Capital Advisors LLC acquired a new position in shares of LKQ in the 3rd quarter valued at $25,000. Cromwell Holdings LLC boosted its holdings in shares of LKQ by 81.0% in 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 period. Allworth Financial LP increased its position in shares of LKQ by 94.2% in the third quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company’s stock worth $40,000 after acquiring an additional 490 shares in the last quarter. Private Trust Co. NA raised its holdings 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 valued at $50,000 after acquiring an additional 299 shares during the period. Finally, Kennebec Savings Bank purchased a new stake in shares of LKQ in the 3rd quarter valued at approximately $57,000. 95.63% of the stock is currently owned by institutional investors.

Insider Buying and Selling at LKQ

In other news, Director Dominick P. Zarcone sold 10,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was 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 directly owns 359,462 shares of the company’s stock, valued at approximately $14,975,186.92. This represents a 2.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders have sold 20,000 shares of company stock valued at $781,500. 0.55% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

LKQ Stock Performance

LKQ opened at $41.87 on Friday. The stock’s 50 day simple moving average is $37.91 and its 200-day simple moving average is $38.81. The company has a current ratio of 1.71, a quick ratio of 0.67 and a debt-to-equity ratio of 0.68. The stock has a market cap of $10.85 billion, a PE ratio of 15.98 and a beta of 1.29. LKQ Co. has a 1 year low of $35.56 and a 1 year high of $53.68.

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

LKQ Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date is Thursday, March 13th. LKQ’s dividend payout ratio is 45.80%.

About LKQ

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.