LKQ Co. (NASDAQ:LKQ) Shares Sold by Cwm LLC

Cwm LLC lessened its position in shares of LKQ Co. (NASDAQ:LKQ) by 4.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,458 shares of the auto parts company’s stock after selling 381 shares during the period. Cwm LLC’s holdings in LKQ were worth $398,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LKQ. CVA Family Office LLC acquired a new position in shares of LKQ in the 4th quarter valued at $26,000. Private Trust Co. NA boosted its holdings in shares of LKQ by 228.4% in the 4th quarter. Private Trust Co. NA now owns 647 shares of the auto parts company’s stock valued at $31,000 after buying an additional 450 shares in the last quarter. Headinvest LLC acquired a new position in shares of LKQ in the 3rd quarter valued at $34,000. Bruce G. Allen Investments LLC acquired a new position in shares of LKQ in the 4th quarter valued at $37,000. Finally, Benjamin F. Edwards & Company Inc. boosted its holdings in shares of LKQ by 40.8% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 777 shares of the auto parts company’s stock valued at $37,000 after buying an additional 225 shares in the last quarter. Institutional investors and hedge funds own 95.63% of the company’s stock.

LKQ Stock Up 0.4 %

Shares of LKQ stock opened at $41.66 on Friday. The company has a market cap of $11.11 billion, a P/E ratio of 13.53 and a beta of 1.28. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.68 and a current ratio of 1.70. LKQ Co. has a one year low of $39.72 and a one year high of $59.38. The firm has a fifty day moving average of $43.60 and a two-hundred day moving average of $47.26.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings data on Tuesday, April 23rd. The auto parts company reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.13). The firm had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.76 billion. LKQ had a return on equity of 15.94% and a net margin of 5.79%. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.04 EPS. On average, analysts forecast that LKQ Co. will post 3.93 earnings per share for the current year.

LKQ Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th were given a dividend of $0.30 per share. The ex-dividend date was Wednesday, May 15th. This represents a $1.20 dividend on an annualized basis and a yield of 2.88%. LKQ’s payout ratio is currently 38.96%.

Analyst Ratings Changes

LKQ has been the subject of several research analyst reports. Stifel Nicolaus restated a “buy” rating and issued a $66.00 target price on shares of LKQ in a report on Tuesday, April 9th. Barrington Research restated an “outperform” rating and issued a $60.00 target price on shares of LKQ in a report on Friday, April 19th. Roth Mkm reiterated a “buy” rating and issued a $65.00 price target on shares of LKQ in a research report on Tuesday, April 23rd. Robert W. Baird reduced their price target on shares of LKQ from $58.00 to $54.00 and set an “outperform” rating for the company in a research report on Wednesday, April 24th. Finally, StockNews.com downgraded shares of LKQ from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $61.60.

Insider Activity

In other news, Director Xavier Urbain sold 867 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $44.50, for a total value of $38,581.50. Following the completion of the transaction, the director now owns 15,606 shares in the company, valued at approximately $694,467. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.