Universal Beteiligungs und Servicegesellschaft mbH Trims Stock Position in LKQ Corporation (NASDAQ:LKQ)

Universal Beteiligungs und Servicegesellschaft mbH lowered its holdings in LKQ Corporation (NASDAQ:LKQ - Free Report) by 11.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 298,820 shares of the auto parts company's stock after selling 37,402 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.12% of LKQ worth $12,712,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its holdings in shares of LKQ by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 6,591,553 shares of the auto parts company's stock valued at $241,643,000 after buying an additional 48,813 shares during the period. Invesco Ltd. raised its holdings in shares of LKQ by 26.6% in the 4th quarter. Invesco Ltd. now owns 5,571,136 shares of the auto parts company's stock valued at $204,739,000 after buying an additional 1,171,481 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of LKQ by 25.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,231,940 shares of the auto parts company's stock valued at $192,268,000 after buying an additional 1,053,001 shares during the period. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of LKQ in the 4th quarter valued at $165,548,000. Finally, EdgePoint Investment Group Inc. purchased a new stake in shares of LKQ in the 4th quarter valued at $160,339,000. Hedge funds and other institutional investors own 95.63% of the company's stock.

Wall Street Analysts Forecast Growth

LKQ has been the topic of several research analyst reports. Robert W. Baird cut their price objective on LKQ from $48.00 to $42.00 and set an "outperform" rating on the stock in a report on Friday. Wall Street Zen downgraded LKQ from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Finally, Barrington Research restated an "outperform" rating and set a $60.00 price target on shares of LKQ in a report on Tuesday, July 22nd. One investment 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, the stock has an average rating of "Moderate Buy" and an average target price of $51.40.

LKQ Stock Down 1.3%

Shares of NASDAQ:LKQ traded down $0.41 on Monday, hitting $31.76. 754,294 shares of the company's stock were exchanged, compared to its average volume of 2,490,771. The firm's 50-day moving average is $38.46 and its 200 day moving average is $39.58. The company has a market capitalization of $8.20 billion, a PE ratio of 11.60 and a beta of 0.95. LKQ Corporation has a 1-year low of $30.06 and a 1-year high of $44.82. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.69 and a current ratio of 1.81.

LKQ (NASDAQ:LKQ - Get Free Report) last released 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 business 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 revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.98 earnings per share. Sell-side analysts predict that LKQ Corporation will post 3.57 EPS for the current year.

LKQ Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Thursday, August 14th will be given a $0.30 dividend. The ex-dividend date is Thursday, August 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.78%. LKQ's dividend payout ratio (DPR) is presently 43.96%.

Insider Activity

In related news, Director Dominick P. Zarcone sold 5,000 shares of the company's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $38.02, for a total value of $190,100.00. Following the completion of the sale, the director directly owned 316,135 shares of the company's stock, valued at $12,019,452.70. This represents a 1.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.47% of the stock is currently owned by company insiders.

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.