Financial Counselors Inc. Sells 14,919 Shares of LKQ Corporation (NASDAQ:LKQ)

Financial Counselors Inc. trimmed its stake in LKQ Corporation (NASDAQ:LKQ - Free Report) by 4.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 332,541 shares of the auto parts company's stock after selling 14,919 shares during the period. Financial Counselors Inc. owned 0.13% of LKQ worth $14,146,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Proficio Capital Partners LLC purchased a new stake in shares of LKQ in the fourth quarter worth $556,000. US Bancorp DE boosted its holdings in LKQ by 33.6% in the 4th quarter. US Bancorp DE now owns 30,255 shares of the auto parts company's stock worth $1,112,000 after buying an additional 7,611 shares during the period. Jones Financial Companies Lllp increased its stake in LKQ by 73.7% in the 4th quarter. Jones Financial Companies Lllp now owns 5,685 shares of the auto parts company's stock worth $209,000 after buying an additional 2,413 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in LKQ by 3.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,572,676 shares of the auto parts company's stock worth $94,546,000 after buying an additional 84,244 shares in the last quarter. Finally, Assetmark Inc. bought a new stake in LKQ during the fourth quarter valued at about $619,000. 95.63% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

LKQ has been the subject of a number of recent analyst reports. Barrington Research reaffirmed an "outperform" rating and issued a $60.00 price objective on shares of LKQ in a research note on Monday, April 21st. Wall Street Zen cut LKQ from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $52.60.

LKQ Price Performance

Shares of LKQ stock traded down $0.43 during trading on Monday, reaching $38.25. 1,745,635 shares of the stock traded hands, compared to its average volume of 2,304,464. LKQ Corporation has a 52-week low of $35.56 and a 52-week high of $46.64. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.52 and a quick ratio of 0.56. The business has a fifty day simple moving average of $39.27 and a two-hundred day simple moving average of $39.51. The company has a market capitalization of $9.87 billion, a price-to-earnings ratio of 14.27 and a beta of 0.95.

LKQ (NASDAQ:LKQ - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The auto parts company reported $0.79 earnings per share for the quarter, meeting the consensus estimate of $0.79. LKQ had a return on equity of 14.66% and a net margin of 4.97%. The business had revenue of $3.46 billion during the quarter, compared to analysts' expectations of $3.58 billion. During the same quarter last year, the business posted $0.82 EPS. The firm's revenue for the quarter was down 6.5% compared to the same quarter last year. Sell-side analysts expect that LKQ Corporation will post 3.57 EPS for the current year.

LKQ Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Thursday, May 15th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date was Thursday, May 15th. LKQ's payout ratio is 44.78%.

Insider Buying and Selling at LKQ

In other news, Director Dominick P. Zarcone sold 5,000 shares of the company's stock in a transaction dated 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 directly owned 316,135 shares in the company, valued at approximately $12,019,452.70. This represents a 1.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Justin L. Jude purchased 2,708 shares of the company's stock in a transaction that occurred on Friday, April 25th. The stock was bought at an average price of $36.99 per share, with a total value of $100,168.92. Following the transaction, the chief executive officer owned 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. 0.47% of the stock is 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.