Cresset Asset Management LLC Sells 8,380 Shares of LKQ Co. (NASDAQ:LKQ)

Cresset Asset Management LLC cut its position in shares of LKQ Co. (NASDAQ:LKQ - Free Report) by 55.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,797 shares of the auto parts company's stock after selling 8,380 shares during the quarter. Cresset Asset Management LLC's holdings in LKQ were worth $250,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in LKQ. Fuller & Thaler Asset Management Inc. purchased a new position in shares of LKQ during the fourth quarter valued at approximately $165,548,000. Norges Bank purchased a new position in LKQ during the fourth quarter valued at $119,395,000. Clarkston Capital Partners LLC bought a new stake in LKQ in the fourth quarter worth $91,678,000. Invesco Ltd. grew its stake in shares of LKQ by 26.6% in the fourth quarter. Invesco Ltd. now owns 5,571,136 shares of the auto parts company's stock worth $204,739,000 after acquiring an additional 1,171,481 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of LKQ during the fourth quarter valued at $40,363,000. 95.63% of the stock is currently owned by institutional investors.

Insider Transactions at LKQ

In other LKQ news, Director Dominick P. Zarcone sold 5,000 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $38.02, for a total transaction of $190,100.00. Following the completion of the transaction, the director now owns 316,135 shares in the company, valued at $12,019,452.70. This trade represents a 1.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Justin L. Jude acquired 2,708 shares of the firm's stock in a transaction dated Friday, April 25th. The shares were purchased at an average cost of $36.99 per share, for a total transaction of $100,168.92. Following the completion of the acquisition, the chief executive officer now directly owns 280,777 shares in the company, valued at approximately $10,385,941.23. This represents a 0.97% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 45,000 shares of company stock worth $1,873,750 in the last quarter. Company insiders own 0.47% of the company's stock.

LKQ Stock Performance

NASDAQ:LKQ traded down $1.21 during mid-day trading on Wednesday, reaching $40.38. The company's stock had a trading volume of 2,152,103 shares, compared to its average volume of 2,272,962. The firm's fifty day moving average price is $40.86 and its two-hundred day moving average price is $39.41. The company has a current ratio of 1.71, a quick ratio of 0.67 and a debt-to-equity ratio of 0.68. The stock has a market cap of $10.42 billion, a P/E ratio of 15.41 and a beta of 0.98. LKQ Co. has a 12-month low of $35.56 and a 12-month high of $46.64.

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 (EPS) for the quarter, hitting analysts' consensus estimates of $0.79. LKQ had a return on equity of 14.93% and a net margin of 4.81%. The firm had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $3.58 billion. During the same period last year, the business posted $0.82 EPS. The company's revenue for the quarter was down 6.5% on a year-over-year basis. On average, equities analysts forecast that LKQ Co. will post 3.57 EPS for the current fiscal year.

LKQ Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.97%. The ex-dividend date of this dividend is Thursday, May 15th. LKQ's payout ratio is currently 44.78%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on LKQ. JPMorgan Chase & Co. upped their price target on shares of LKQ from $48.00 to $49.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Barrington Research reiterated an "outperform" rating and issued a $60.00 target price on shares of LKQ in a research note on Monday, April 21st. Finally, StockNews.com cut shares of LKQ from a "buy" rating to a "hold" rating in a report on Wednesday. One analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, LKQ currently has a consensus rating of "Moderate Buy" and an average target price of $52.60.

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.