First Hawaiian Bank Decreases Stake in LKQ Co. (NASDAQ:LKQ)

First Hawaiian Bank reduced its holdings in LKQ Co. (NASDAQ:LKQ) by 31.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,942 shares of the auto parts company’s stock after selling 8,843 shares during the period. First Hawaiian Bank’s holdings in LKQ were worth $696,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the company. Catalyst Capital Advisors LLC purchased a new stake in shares of LKQ in the 3rd quarter valued at approximately $25,000. Allworth Financial LP raised its stake in shares of LKQ by 94.2% in the 3rd quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company’s stock valued at $40,000 after acquiring an additional 490 shares during the period. Bruce G. Allen Investments LLC raised its stake in shares of LKQ by 33.5% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,151 shares of the auto parts company’s stock valued at $46,000 after acquiring an additional 289 shares during the period. Private Trust Co. NA raised its stake in shares of LKQ by 31.2% in the 3rd 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 acquired a new position in shares of LKQ in the third quarter valued at approximately $57,000. 95.63% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at LKQ

In related news, Director Dominick P. Zarcone sold 5,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $36.84, for a total value of $184,200.00. Following the completion of the sale, the director now owns 374,462 shares in the company, valued at $13,795,180.08. This represents a 1.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.55% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on LKQ shares. StockNews.com upgraded shares of LKQ from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Robert W. Baird lowered their price target on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Barrington Research reiterated an “outperform” rating and set a $60.00 price target on shares of LKQ in a report on Friday, October 25th. Finally, Stifel Nicolaus lowered their price target on shares of LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a report on Friday, October 25th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $53.80.

LKQ Trading Down 0.2 %

Shares of LKQ stock opened at $36.27 on Friday. The company has a fifty day simple moving average of $37.84 and a 200-day simple moving average of $39.62. LKQ Co. has a 12-month low of $35.56 and a 12-month high of $53.68. The company has a current ratio of 1.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.69. The stock has a market cap of $9.43 billion, a price-to-earnings ratio of 13.53 and a beta of 1.30.

LKQ (NASDAQ:LKQ) last issued its earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.01. LKQ had a net margin of 4.90% and a return on equity of 15.15%. The business had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.65 billion. During the same quarter in the prior year, the business posted $0.86 EPS. The company’s revenue for the quarter was up .4% on a year-over-year basis. On average, equities analysts forecast that LKQ Co. will post 3.43 EPS for the current fiscal year.

LKQ Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend was Thursday, November 14th. LKQ’s payout ratio 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.