Focus Partners Wealth Has $5.51 Million Holdings in LKQ Co. (NASDAQ:LKQ)

Focus Partners Wealth lessened its holdings in LKQ Co. (NASDAQ:LKQ) by 1.4% during the fourth quarter, HoldingsChannel reports. The fund owned 149,800 shares of the auto parts company’s stock after selling 2,080 shares during the quarter. Focus Partners Wealth’s holdings in LKQ were worth $5,506,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Clarkston Capital Partners LLC acquired a new stake in shares of LKQ in the 4th quarter worth about $91,678,000. Pacer Advisors Inc. increased its stake in LKQ by 112.9% in the 4th quarter. Pacer Advisors Inc. now owns 42,563 shares of the auto parts company’s stock valued at $1,564,000 after buying an additional 22,575 shares during the last quarter. Aquatic Capital Management LLC increased its stake in LKQ by 53.2% in the 4th quarter. Aquatic Capital Management LLC now owns 19,298 shares of the auto parts company’s stock valued at $709,000 after buying an additional 6,698 shares during the last quarter. Islay Capital Management LLC purchased a new stake in LKQ in the 4th quarter valued at about $559,000. Finally, LPL Financial LLC increased its stake in LKQ by 10.4% in the 4th quarter. LPL Financial LLC now owns 126,729 shares of the auto parts company’s stock valued at $4,657,000 after buying an additional 11,975 shares during the last quarter. Institutional investors and hedge funds own 95.63% of the company’s stock.

LKQ Stock Down 0.1%

LKQ opened at $42.02 on Thursday. The company has a 50 day moving average of $40.91 and a 200 day moving average of $39.26. The company has a market cap of $10.85 billion, a PE ratio of 16.04 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 current ratio of 1.71, a quick ratio of 0.67 and a debt-to-equity ratio of 0.68.

LKQ (NASDAQ:LKQ) last posted its earnings results on Thursday, April 24th. The auto parts company reported $0.79 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.79. LKQ had a net margin of 4.81% and a return on equity of 14.93%. The business had revenue of $3.46 billion for the quarter, compared to analysts’ expectations of $3.58 billion. During the same period in the prior year, the company posted $0.82 EPS. The business’s revenue for the quarter was down 6.5% compared to the same quarter last year. On average, sell-side analysts expect that LKQ Co. will post 3.57 EPS for the current year.

LKQ Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.86%. The ex-dividend date is Thursday, May 15th. LKQ’s dividend payout ratio is presently 44.78%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of LKQ from $48.00 to $49.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Barrington Research reissued an “outperform” rating and set a $60.00 target price on shares of LKQ in a research report on Monday, April 21st. Finally, StockNews.com raised shares of LKQ from a “hold” rating to a “buy” rating in a research report on Tuesday. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $52.60.

Insiders Place Their Bets

In related news, CEO Justin L. Jude acquired 2,708 shares of the stock in a transaction dated Friday, April 25th. The shares were purchased at an average price of $36.99 per share, for a total transaction of $100,168.92. Following the transaction, the chief executive officer now owns 280,777 shares in the company, valued at $10,385,941.23. This represents a 0.97% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Dominick P. Zarcone sold 5,000 shares of the firm’s stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $38.02, for a total transaction of $190,100.00. Following the sale, the director now owns 316,135 shares in the company, valued at approximately $12,019,452.70. This trade represents a 1.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 45,000 shares of company stock worth $1,873,750 in the last three months. 0.55% of the stock is currently owned by corporate insiders.

About LKQ

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.