Net Worth Advisory Group Sells 2,656 Shares of LKQ Co. (NASDAQ:LKQ)

Net Worth Advisory Group lessened its position in LKQ Co. (NASDAQ:LKQ) by 25.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,960 shares of the auto parts company’s stock after selling 2,656 shares during the quarter. Net Worth Advisory Group’s holdings in LKQ were worth $293,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA grew its position in LKQ by 0.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 11,977,708 shares of the auto parts company’s stock worth $478,150,000 after purchasing an additional 33,212 shares during the last quarter. State Street Corp lifted its stake in shares of LKQ by 1.2% in the third quarter. State Street Corp now owns 11,449,166 shares of the auto parts company’s stock valued at $457,051,000 after buying an additional 134,176 shares during the period. Nordea Investment Management AB grew its position in LKQ by 11.0% during the fourth quarter. Nordea Investment Management AB now owns 8,406,444 shares of the auto parts company’s stock worth $309,609,000 after buying an additional 833,519 shares in the last quarter. Geode Capital Management LLC increased its stake in LKQ by 0.3% during the third quarter. Geode Capital Management LLC now owns 6,542,740 shares of the auto parts company’s stock valued at $260,330,000 after acquiring an additional 21,161 shares during the period. Finally, FMR LLC raised its holdings in LKQ by 7.3% in the 3rd quarter. FMR LLC now owns 6,020,689 shares of the auto parts company’s stock valued at $240,346,000 after acquiring an additional 411,390 shares in the last quarter. Institutional investors and hedge funds own 95.63% of the company’s stock.

Wall Street Analyst Weigh In

LKQ has been the topic of several recent research reports. Barrington Research reissued an “outperform” rating and set a $60.00 price objective on shares of LKQ in a report on Thursday, February 20th. JPMorgan Chase & Co. lifted their price target on shares of LKQ from $48.00 to $49.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Finally, StockNews.com cut shares of LKQ from a “buy” rating to a “hold” rating in a research note on Saturday, March 1st. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $52.60.

Insider Buying and Selling

In other LKQ news, Director Dominick P. Zarcone sold 5,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $36.14, for a total transaction of $180,700.00. Following the sale, the director now owns 369,462 shares of the company’s stock, valued at $13,352,356.68. This represents a 1.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 35,000 shares of company stock worth $1,416,300 in the last three months. Insiders own 0.45% of the company’s stock.

LKQ Price Performance

LKQ stock opened at $43.18 on Wednesday. The business has a 50 day simple moving average of $38.85 and a 200 day simple moving average of $38.92. LKQ Co. has a one year low of $35.56 and a one year high of $53.68. The company has a market capitalization of $11.19 billion, a PE ratio of 16.48 and a beta of 1.27. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.71 and a quick ratio of 0.67.

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

LKQ Announces Dividend

The firm also recently announced 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 2.78%. The ex-dividend date is Thursday, March 13th. LKQ’s payout ratio is currently 45.80%.

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.