LKQ Co. (NASDAQ:LKQ) Shares Sold by Bank of America Corp DE

Bank of America Corp DE reduced its position in shares of LKQ Co. (NASDAQ:LKQ - Free Report) by 31.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,707,338 shares of the auto parts company's stock after selling 768,590 shares during the period. Bank of America Corp DE owned about 0.66% of LKQ worth $62,745,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in LKQ. Cromwell Holdings LLC raised its holdings in LKQ by 81.0% during the fourth quarter. Cromwell Holdings LLC now owns 742 shares of the auto parts company's stock worth $27,000 after purchasing an additional 332 shares in the last quarter. CENTRAL TRUST Co lifted its holdings in shares of LKQ by 618.0% in the 4th quarter. CENTRAL TRUST Co now owns 1,673 shares of the auto parts company's stock valued at $61,000 after buying an additional 1,440 shares during the period. Allworth Financial LP lifted its holdings in shares of LKQ by 107.8% in the 4th quarter. Allworth Financial LP now owns 2,099 shares of the auto parts company's stock valued at $82,000 after buying an additional 1,089 shares during the period. Blue Trust Inc. boosted its stake in shares of LKQ by 25.9% in the fourth quarter. Blue Trust Inc. now owns 2,847 shares of the auto parts company's stock valued at $105,000 after buying an additional 585 shares in the last quarter. Finally, Spire Wealth Management grew its holdings in LKQ by 92.5% during the fourth quarter. Spire Wealth Management now owns 2,890 shares of the auto parts company's stock worth $106,000 after acquiring an additional 1,389 shares during the period. 95.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Barrington Research reissued an "outperform" rating and issued a $60.00 target price on shares of LKQ in a report on Monday, April 21st. StockNews.com upgraded shares of LKQ from a "hold" rating to a "buy" rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. upped their target price on shares of LKQ from $48.00 to $49.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, LKQ has a consensus rating of "Buy" and a consensus price target of $52.60.

Insider Activity at LKQ

In other LKQ news, CEO Justin L. Jude purchased 2,708 shares of LKQ stock in a transaction dated Friday, April 25th. The shares were bought at an average cost 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Dominick P. Zarcone sold 10,000 shares of the firm's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $41.66, for a total transaction of $416,600.00. Following the completion of the transaction, the director now directly owns 359,462 shares in the company, valued at $14,975,186.92. This represents a 2.71% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 45,000 shares of company stock worth $1,873,750. 0.55% of the stock is currently owned by company insiders.

LKQ Price Performance

Shares of LKQ traded up $0.44 during trading hours on Friday, reaching $42.56. 1,514,947 shares of the company traded hands, compared to its average volume of 2,286,870. The stock has a fifty day simple moving average of $40.87 and a 200 day simple moving average of $39.29. LKQ Co. has a fifty-two week low of $35.56 and a fifty-two week high of $46.64. The stock has a market capitalization of $10.99 billion, a PE ratio of 16.24 and a beta of 0.98. The company has a quick ratio of 0.67, a current ratio of 1.71 and a debt-to-equity ratio of 0.68.

LKQ (NASDAQ:LKQ - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The auto parts company reported $0.79 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.79. The business had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $3.58 billion. LKQ had a net margin of 4.81% and a return on equity of 14.93%. 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 posted $0.82 earnings per share. As a group, research analysts predict that LKQ Co. will post 3.57 EPS for the current fiscal year.

LKQ Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.20 annualized dividend and a yield of 2.82%. LKQ's dividend payout ratio is currently 44.78%.

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.