LKQ Co. (NASDAQ:LKQ) Shares Sold by Occudo Quantitative Strategies LP

Occudo Quantitative Strategies LP decreased its position in shares of LKQ Co. (NASDAQ:LKQ - Free Report) by 85.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,024 shares of the auto parts company's stock after selling 35,858 shares during the period. Occudo Quantitative Strategies LP's holdings in LKQ were worth $221,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. bought a new stake in LKQ during the 4th quarter valued at $165,548,000. EdgePoint Investment Group Inc. purchased a new stake in shares of LKQ in the 4th quarter worth approximately $160,339,000. Norges Bank bought a new position in shares of LKQ during the fourth quarter valued at $119,395,000. Clarkston Capital Partners LLC bought a new stake in LKQ during the 4th quarter valued at about $91,678,000. Finally, Eminence Capital LP purchased a new position in LKQ in the fourth quarter worth about $68,944,000. Institutional investors own 95.63% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on LKQ. 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. StockNews.com cut LKQ from a "buy" rating to a "hold" rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. upped their target price on shares of LKQ from $48.00 to $49.00 and gave the company an "overweight" rating in a report on Friday, February 21st. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $52.60.

LKQ Price Performance

LKQ stock traded down $1.21 during trading on Wednesday, reaching $40.38. The company's stock had a trading volume of 2,152,103 shares, compared to its average volume of 2,272,962. The company's fifty day moving average is $40.86 and its 200-day moving average is $39.41. LKQ Co. has a 1 year low of $35.56 and a 1 year high of $46.64. The company has a market capitalization of $10.42 billion, a P/E ratio of 15.41 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 released its earnings results on Thursday, April 24th. The auto parts company reported $0.79 EPS for the quarter, hitting the consensus estimate of $0.79. LKQ had a net margin of 4.81% and a return on equity of 14.93%. The firm had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $3.58 billion. During the same quarter in the previous year, the firm earned $0.82 earnings per share. The company's quarterly revenue was down 6.5% compared to the same quarter last year. On average, research analysts expect that LKQ Co. will post 3.57 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be given a $0.30 dividend. The ex-dividend date is Thursday, May 15th. This represents a $1.20 dividend on an annualized basis and a yield of 2.97%. LKQ's dividend payout ratio is presently 44.78%.

Insider Buying and Selling

In other LKQ news, Director Dominick P. Zarcone sold 5,000 shares of the 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 transaction, the director now directly owns 316,135 shares in the company, valued at $12,019,452.70. This represents a 1.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Justin L. Jude acquired 2,708 shares of the business's stock in a transaction that occurred on Friday, April 25th. The shares were acquired at an average cost of $36.99 per share, for a total transaction of $100,168.92. Following the completion of the acquisition, the chief executive officer now owns 280,777 shares of the company's stock, valued at $10,385,941.23. This trade represents a 0.97% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 45,000 shares of company stock valued at $1,873,750. Company insiders own 0.47% of the company's stock.

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.