LKQ Corporation (NASDAQ:LKQ) Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ trimmed its position in shares of LKQ Corporation (NASDAQ:LKQ - Free Report) by 38.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 56,439 shares of the auto parts company's stock after selling 34,774 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in LKQ were worth $2,401,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in LKQ. UMB Bank n.a. boosted its holdings in LKQ by 104.8% during the first quarter. UMB Bank n.a. now owns 977 shares of the auto parts company's stock worth $42,000 after buying an additional 500 shares in the last quarter. Horizon Financial Services LLC purchased a new stake in LKQ during the first quarter worth about $42,000. Bruce G. Allen Investments LLC increased its position in shares of LKQ by 299.6% in the first quarter. Bruce G. Allen Investments LLC now owns 1,135 shares of the auto parts company's stock valued at $48,000 after buying an additional 851 shares in the last quarter. Whittier Trust Co. increased its position in shares of LKQ by 70.9% in the first quarter. Whittier Trust Co. now owns 1,707 shares of the auto parts company's stock valued at $73,000 after buying an additional 708 shares in the last quarter. Finally, Private Trust Co. NA increased its position in shares of LKQ by 30.2% in the first quarter. Private Trust Co. NA now owns 1,847 shares of the auto parts company's stock valued at $79,000 after buying an additional 428 shares in the last quarter. 95.63% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Dominick P. Zarcone sold 5,000 shares of LKQ stock in a transaction on 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 owned 316,135 shares of the company's stock, valued at $12,019,452.70. The trade was a 1.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.47% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Barrington Research reaffirmed an "outperform" rating and issued a $60.00 price target on shares of LKQ in a report on Tuesday, July 22nd. Wall Street Zen downgraded shares of LKQ from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Finally, Robert W. Baird reduced their price target on shares of LKQ from $48.00 to $42.00 and set an "outperform" rating on the stock in a report on Friday. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $51.40.

LKQ Trading Down 3.2%

Shares of LKQ traded down $1.02 on Tuesday, hitting $30.47. 4,505,032 shares of the stock traded hands, compared to its average volume of 2,882,707. The company has a quick ratio of 0.69, a current ratio of 1.81 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $7.84 billion, a P/E ratio of 11.16 and a beta of 0.95. The stock's 50 day moving average is $38.25 and its two-hundred day moving average is $39.54. LKQ Corporation has a 1 year low of $30.06 and a 1 year high of $44.82.

LKQ (NASDAQ:LKQ - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The auto parts company reported $0.87 earnings per share (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 analysts' expectations of $3.62 billion. LKQ had a net margin of 5.04% and a return on equity of 13.85%. The business's quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the company posted $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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Thursday, August 14th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.94%. The ex-dividend date is Thursday, August 14th. LKQ's payout ratio is 43.96%.

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.