LKQ Co. (NASDAQ:LKQ) Shares Sold by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC trimmed its stake in shares of LKQ Co. (NASDAQ:LKQ) by 51.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,737 shares of the auto parts company’s stock after selling 17,972 shares during the quarter. Schonfeld Strategic Advisors LLC’s holdings in LKQ were worth $615,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. OLD Second National Bank of Aurora increased its stake in shares of LKQ by 0.7% in the fourth quarter. OLD Second National Bank of Aurora now owns 44,169 shares of the auto parts company’s stock valued at $1,623,000 after purchasing an additional 287 shares during the period. Bank of Nova Scotia increased its position in LKQ by 1.0% in the 4th quarter. Bank of Nova Scotia now owns 34,192 shares of the auto parts company’s stock valued at $1,257,000 after acquiring an additional 331 shares during the period. Cromwell Holdings LLC raised its stake in LKQ by 81.0% during the 4th quarter. Cromwell Holdings LLC now owns 742 shares of the auto parts company’s stock valued at $27,000 after acquiring an additional 332 shares in the last quarter. MetLife Investment Management LLC boosted its position in LKQ by 0.5% during the 4th quarter. MetLife Investment Management LLC now owns 68,790 shares of the auto parts company’s stock worth $2,528,000 after acquiring an additional 352 shares during the period. Finally, United Capital Financial Advisors LLC grew its stake in shares of LKQ by 6.3% in the fourth quarter. United Capital Financial Advisors LLC now owns 6,436 shares of the auto parts company’s stock worth $237,000 after purchasing an additional 382 shares in the last quarter. Institutional investors own 95.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of LKQ from $48.00 to $49.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Barrington Research reaffirmed an “outperform” rating and issued a $60.00 price target on shares of LKQ in a research note on Monday, April 21st. Finally, StockNews.com lowered shares of LKQ from a “buy” rating to a “hold” rating in a research note on Friday, April 25th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $52.60.

Insiders Place Their Bets

In other news, Director Dominick P. Zarcone sold 10,000 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $41.66, for a total value of $416,600.00. Following the completion of the sale, the director now owns 359,462 shares of the company’s stock, valued at $14,975,186.92. This trade represents a 2.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Justin L. Jude purchased 2,708 shares of the stock in a transaction dated Friday, April 25th. The shares were acquired at an average price of $36.99 per share, for a total transaction of $100,168.92. Following the acquisition, the chief executive officer now directly owns 280,777 shares of the company’s stock, valued at $10,385,941.23. This represents a 0.97 % increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 45,000 shares of company stock worth $1,873,750 over the last ninety days. 0.55% of the stock is currently owned by company insiders.

LKQ Stock Up 0.2 %

NASDAQ LKQ opened at $40.10 on Friday. The company has a market capitalization of $10.35 billion, a P/E ratio of 15.31 and a beta of 0.98. LKQ Co. has a 12 month low of $35.56 and a 12 month high of $46.64. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.71 and a quick ratio of 0.67. The company’s 50 day simple moving average is $40.95 and its 200 day simple moving average is $39.17.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings data on Thursday, April 24th. The auto parts company reported $0.79 EPS for the quarter, meeting analysts’ consensus estimates of $0.79. The company had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.58 billion. LKQ had a return on equity of 14.93% and a net margin of 4.81%. The company’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.82 EPS. Equities research analysts expect that LKQ Co. will post 3.57 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date is Thursday, May 15th. LKQ’s dividend payout ratio is presently 44.78%.

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.