LKQ Co. (NASDAQ:LKQ) Shares Sold by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC reduced its holdings in LKQ Co. (NASDAQ:LKQ) by 0.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,971,996 shares of the auto parts company’s stock after selling 5,931 shares during the quarter. LKQ comprises 1.1% of Thompson Siegel & Walmsley LLC’s investment portfolio, making the stock its 24th biggest holding. Thompson Siegel & Walmsley LLC owned 0.76% of LKQ worth $72,471,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the business. Erste Asset Management GmbH purchased a new position in LKQ during the third quarter worth $45,733,000. Raymond James Financial Inc. purchased a new stake in shares of LKQ in the fourth quarter valued at $40,363,000. Seizert Capital Partners LLC grew its position in LKQ by 451.1% during the third quarter. Seizert Capital Partners LLC now owns 1,327,664 shares of the auto parts company’s stock valued at $53,000,000 after acquiring an additional 1,086,758 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 valued at $309,609,000 after acquiring an additional 833,519 shares during the period. Finally, KBC Group NV grew its position in LKQ by 68.5% during the fourth quarter. KBC Group NV now owns 1,210,661 shares of the auto parts company’s stock valued at $44,492,000 after acquiring an additional 492,356 shares during the period. 95.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on LKQ. StockNews.com cut LKQ from a “buy” rating to a “hold” rating in a research note on Saturday, March 1st. JPMorgan Chase & Co. boosted 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. Finally, Barrington Research reiterated an “outperform” rating and issued a $60.00 price target on shares of LKQ in a research note on Thursday, February 20th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $52.60.

Insider Activity

In other news, Director Dominick P. Zarcone sold 5,000 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $36.14, for a total transaction of $180,700.00. Following the completion of the sale, the director now owns 369,462 shares in the company, valued at approximately $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 is accessible through this hyperlink. In the last 90 days, insiders sold 35,000 shares of company stock worth $1,416,300. Insiders own 0.45% of the company’s stock.

LKQ Stock Down 1.5 %

NASDAQ:LKQ opened at $42.54 on Thursday. The firm has a market capitalization of $11.02 billion, a PE ratio of 16.24 and a beta of 1.27. The stock has a 50 day moving average of $38.98 and a 200-day moving average of $38.92. LKQ Co. has a 52 week low of $35.56 and a 52 week high of $53.68. The company has a current ratio of 1.71, a quick ratio of 0.67 and a debt-to-equity ratio of 0.68.

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, topping analysts’ consensus estimates of $0.76 by $0.04. The business had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.42 billion. LKQ had a return on equity of 14.93% and a net margin of 4.81%. Analysts predict that LKQ Co. will post 3.57 EPS for the current year.

LKQ Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.82%. 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.