LKQ Corporation (NASDAQ:LKQ) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. cut its position in LKQ Corporation (NASDAQ:LKQ - Free Report) by 50.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,263 shares of the auto parts company's stock after selling 21,300 shares during the quarter. Pacer Advisors Inc.'s holdings in LKQ were worth $905,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Clarkston Capital Partners LLC purchased a new position in LKQ in the fourth quarter valued at $91,678,000. Janney Montgomery Scott LLC purchased a new position in LKQ in the first quarter valued at $321,000. Teacher Retirement System of Texas purchased a new position in LKQ in the first quarter valued at $1,618,000. Amalgamated Bank boosted its holdings in LKQ by 1.6% in the first quarter. Amalgamated Bank now owns 50,851 shares of the auto parts company's stock valued at $2,163,000 after purchasing an additional 801 shares during the period. Finally, Aquatic Capital Management LLC lifted its holdings in LKQ by 53.2% during the 4th quarter. Aquatic Capital Management LLC now owns 19,298 shares of the auto parts company's stock worth $709,000 after buying an additional 6,698 shares during the last quarter. 95.63% of the stock is owned by institutional investors and hedge funds.

LKQ Stock Performance

LKQ traded up $0.17 during trading on Friday, hitting $29.64. 3,601,368 shares of the stock were exchanged, compared to its average volume of 3,197,018. The firm has a market capitalization of $7.63 billion, a P/E ratio of 10.86 and a beta of 0.92. LKQ Corporation has a 1-year low of $29.02 and a 1-year high of $44.82. The stock has a fifty day moving average price of $37.39 and a two-hundred day moving average price of $39.32. The company has a quick ratio of 0.69, a current ratio of 1.81 and a debt-to-equity ratio of 0.19.

LKQ (NASDAQ:LKQ - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The auto parts company reported $0.87 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.06). The firm had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.62 billion. LKQ had a return on equity of 13.85% and a net margin of 5.04%. The company's quarterly revenue was down 1.6% on a year-over-year basis. During the same period last year, the firm earned $0.98 EPS. As a group, sell-side analysts predict that LKQ Corporation will post 3.57 earnings per share for the current year.

LKQ Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.20 annualized dividend and a yield of 4.0%. LKQ's dividend payout ratio is currently 43.96%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on LKQ. Barrington Research reaffirmed an "outperform" rating and set a $60.00 price target on shares of LKQ in a report on Tuesday, July 22nd. Robert W. Baird decreased their price target on LKQ from $48.00 to $42.00 and set an "outperform" rating for the company in a report on Friday, July 25th. Finally, Wall Street Zen downgraded LKQ from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $51.40.

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.