Avior Wealth Management LLC Sells 20,850 Shares of LKQ Corporation (NASDAQ:LKQ)

Avior Wealth Management LLC lowered its holdings in LKQ Corporation (NASDAQ:LKQ - Free Report) by 96.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 781 shares of the auto parts company's stock after selling 20,850 shares during the quarter. Avior Wealth Management LLC's holdings in LKQ were worth $33,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of Nova Scotia raised its stake in shares of LKQ by 1.0% in the fourth quarter. Bank of Nova Scotia now owns 34,192 shares of the auto parts company's stock worth $1,257,000 after purchasing an additional 331 shares during the last quarter. MetLife Investment Management LLC grew its holdings in LKQ by 0.5% during the fourth quarter. MetLife Investment Management LLC now owns 68,790 shares of the auto parts company's stock worth $2,528,000 after buying an additional 352 shares in the last quarter. United Capital Financial Advisors LLC raised its position in LKQ by 6.3% in the 4th quarter. United Capital Financial Advisors LLC now owns 6,436 shares of the auto parts company's stock valued at $237,000 after buying an additional 382 shares during the last quarter. Wahed Invest LLC lifted its stake in LKQ by 6.4% during the 4th quarter. Wahed Invest LLC now owns 6,779 shares of the auto parts company's stock valued at $249,000 after acquiring an additional 405 shares in the last quarter. Finally, Cornerstone Investment Partners LLC boosted its holdings in LKQ by 3.5% during the 4th quarter. Cornerstone Investment Partners LLC now owns 12,368 shares of the auto parts company's stock worth $455,000 after acquiring an additional 423 shares during the last quarter. Institutional investors own 95.63% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Barrington Research reissued an "outperform" rating and set a $60.00 price target on shares of LKQ in a research report on Monday, April 21st. Wall Street Zen lowered shares of LKQ from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, LKQ has an average rating of "Moderate Buy" and an average target price of $52.60.

LKQ Stock Performance

Shares of LKQ stock traded down $0.71 during trading hours on Wednesday, hitting $36.94. 3,286,024 shares of the company's stock traded hands, compared to its average volume of 2,307,773. The stock has a market capitalization of $9.54 billion, a price-to-earnings ratio of 13.78 and a beta of 0.98. LKQ Corporation 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 0.62, a current ratio of 1.52 and a quick ratio of 0.56. The company has a fifty day simple moving average of $39.66 and a 200-day simple moving average of $39.48.

LKQ (NASDAQ:LKQ - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.58 billion. LKQ had a net margin of 4.97% and a return on equity of 14.66%. The firm's quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.82 earnings per share. Equities research analysts anticipate that LKQ Corporation will post 3.57 EPS for the current fiscal year.

LKQ Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Thursday, May 15th were issued a $0.30 dividend. The ex-dividend date was Thursday, May 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.25%. LKQ's dividend payout ratio (DPR) is presently 44.78%.

Insider Buying and Selling

In other news, CEO Justin L. Jude acquired 2,708 shares of the firm'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 acquisition, the chief executive officer now owns 280,777 shares in the company, valued at $10,385,941.23. The trade was a 0.97% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 now directly owns 316,135 shares in the company, valued at approximately $12,019,452.70. This trade represents a 1.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.55% of the stock is currently owned by insiders.

LKQ 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.