LKQ Co. (NASDAQ:LKQ) Shares Sold by Montag A & Associates Inc.

Montag A & Associates Inc. decreased its position in LKQ Co. (NASDAQ:LKQ) by 1.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 51,939 shares of the auto parts company’s stock after selling 810 shares during the period. Montag A & Associates Inc.’s holdings in LKQ were worth $2,482,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Choreo LLC acquired a new stake in shares of LKQ in the 4th quarter worth approximately $851,000. Osborne Partners Capital Management LLC acquired a new stake in shares of LKQ in the 4th quarter worth approximately $5,888,000. River Road Asset Management LLC lifted its stake in shares of LKQ by 2.5% in the 4th quarter. River Road Asset Management LLC now owns 4,690,401 shares of the auto parts company’s stock worth $224,154,000 after acquiring an additional 114,207 shares during the period. Applied Finance Capital Management LLC lifted its stake in shares of LKQ by 8.3% in the 3rd quarter. Applied Finance Capital Management LLC now owns 339,801 shares of the auto parts company’s stock worth $16,824,000 after acquiring an additional 26,033 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in LKQ by 369.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 456,839 shares of the auto parts company’s stock valued at $21,832,000 after purchasing an additional 359,606 shares during the last quarter. Institutional investors own 95.63% of the company’s stock.

LKQ Stock Up 0.8 %

Shares of LKQ traded up $0.37 during mid-day trading on Thursday, hitting $44.32. 1,523,171 shares of the company’s stock were exchanged, compared to its average volume of 1,735,046. The firm has a fifty day moving average of $49.32 and a two-hundred day moving average of $47.78. LKQ Co. has a twelve month low of $41.30 and a twelve month high of $59.38. The stock has a market cap of $11.82 billion, a price-to-earnings ratio of 14.39 and a beta of 1.33. The company has a quick ratio of 0.68, a current ratio of 1.70 and a debt-to-equity ratio of 0.67.

LKQ (NASDAQ:LKQ) last posted its earnings results on Tuesday, April 23rd. The auto parts company reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.13). LKQ had a net margin of 5.79% and a return on equity of 15.94%. The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.76 billion. During the same quarter in the previous year, the business posted $1.04 earnings per share. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. On average, sell-side analysts forecast that LKQ Co. will post 3.94 earnings per share for the current year.

LKQ Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, May 16th will be paid a $0.30 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $1.20 dividend on an annualized basis and a yield of 2.71%. LKQ’s payout ratio is presently 38.96%.

Wall Street Analyst Weigh In

LKQ has been the subject of several recent research reports. Robert W. Baird cut their target price on shares of LKQ from $58.00 to $54.00 and set an “outperform” rating for the company in a research note on Wednesday, April 24th. StockNews.com lowered shares of LKQ from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd. Stifel Nicolaus restated a “buy” rating and issued a $66.00 price target on shares of LKQ in a research report on Tuesday, April 9th. JPMorgan Chase & Co. reduced their price target on shares of LKQ from $65.00 to $63.00 and set an “overweight” rating for the company in a research report on Thursday, January 25th. Finally, Barrington Research reiterated an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a research note on Friday, April 19th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, LKQ has a consensus rating of “Moderate Buy” and an average price target of $61.60.

Insider Activity at LKQ

In other LKQ news, CEO Dominick P. Zarcone sold 200,000 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $51.97, for a total value of $10,394,000.00. Following the completion of the sale, the chief executive officer now directly owns 386,522 shares of the company’s stock, valued at approximately $20,087,548.34. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related 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 transaction of $38,581.50. Following the completion of the sale, the director now owns 15,606 shares in the company, valued at approximately $694,467. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Dominick P. Zarcone sold 200,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $51.97, for a total transaction of $10,394,000.00. Following the completion of the sale, the chief executive officer now owns 386,522 shares of the company’s stock, valued at approximately $20,087,548.34. The disclosure for this sale can be found here. 0.55% of the stock is currently owned by company insiders.

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.