Nuveen Asset Management LLC Sells 48,213 Shares of LKQ Co. (NASDAQ:LKQ)

Nuveen Asset Management LLC cut its position in LKQ Co. (NASDAQ:LKQ - Free Report) by 7.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 610,686 shares of the auto parts company's stock after selling 48,213 shares during the period. Nuveen Asset Management LLC owned 0.23% of LKQ worth $22,443,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Clarkston Capital Partners LLC acquired a new position in LKQ in the fourth quarter valued at about $91,678,000. Pacer Advisors Inc. boosted its position in LKQ by 112.9% in the fourth quarter. Pacer Advisors Inc. now owns 42,563 shares of the auto parts company's stock valued at $1,564,000 after buying an additional 22,575 shares in the last quarter. Aquatic Capital Management LLC boosted its position in LKQ by 53.2% in the fourth quarter. Aquatic Capital Management LLC now owns 19,298 shares of the auto parts company's stock valued at $709,000 after buying an additional 6,698 shares in the last quarter. Islay Capital Management LLC acquired a new position in shares of LKQ during the fourth quarter worth approximately $559,000. Finally, LPL Financial LLC lifted its position in shares of LKQ by 10.4% during the fourth quarter. LPL Financial LLC now owns 126,729 shares of the auto parts company's stock worth $4,657,000 after purchasing an additional 11,975 shares in the last quarter. 95.63% of the stock is currently owned by institutional investors and hedge funds.

LKQ Trading Down 0.5%

NASDAQ LKQ traded down $0.19 during trading hours on Thursday, hitting $40.04. The company's stock had a trading volume of 185,816 shares, compared to its average volume of 2,270,749. The stock has a fifty day moving average of $40.73 and a 200 day moving average of $39.50. LKQ Co. has a twelve month low of $35.56 and a twelve month high of $46.64. The firm has a market capitalization of $10.34 billion, a P/E ratio of 15.28 and a beta of 0.98. The company has a quick ratio of 0.67, a current ratio of 1.71 and a debt-to-equity ratio of 0.68.

LKQ (NASDAQ:LKQ - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The auto parts company reported $0.79 earnings per share for the quarter, meeting the consensus estimate of $0.79. LKQ had a net margin of 4.81% and a return on equity of 14.93%. The business had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.58 billion. During the same period in the prior year, the business posted $0.82 earnings per share. LKQ's revenue was down 6.5% compared to the same quarter last year. Equities research analysts forecast that LKQ Co. will post 3.57 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be issued a $0.30 dividend. The ex-dividend date is Thursday, May 15th. This represents a $1.20 annualized dividend and a yield of 3.00%. LKQ's dividend payout ratio is currently 44.78%.

Insider Activity at LKQ

In other news, Director Dominick P. Zarcone sold 15,000 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $42.15, for a total transaction of $632,250.00. Following the completion of the sale, the director now owns 321,135 shares of the company's stock, valued at $13,535,840.25. This represents a 4.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Justin L. Jude acquired 2,708 shares of the stock in a transaction dated Friday, April 25th. The shares were bought at an average cost of $36.99 per share, with a total value of $100,168.92. Following the transaction, the chief executive officer now directly owns 280,777 shares of the company's stock, valued at $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 35,000 shares of company stock worth $1,457,150 over the last ninety days. Company insiders own 0.55% of the company's stock.

Analyst Ratings Changes

LKQ has been the topic of a number of research reports. Barrington Research reiterated an "outperform" rating and set a $60.00 target price 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 report on Wednesday, May 21st. Finally, JPMorgan Chase & Co. upped their target price on shares of LKQ from $48.00 to $49.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $52.60.

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.