Reinhart Partners LLC. Sells 16,401 Shares of LKQ Co. (NASDAQ:LKQ)

Reinhart Partners LLC. lessened its holdings in shares of LKQ Co. (NASDAQ:LKQ - Free Report) by 5.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 262,913 shares of the auto parts company's stock after selling 16,401 shares during the quarter. Reinhart Partners LLC. owned about 0.10% of LKQ worth $11,184,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Bank of Nova Scotia raised its holdings in shares of LKQ by 1.0% during the 4th quarter. Bank of Nova Scotia now owns 34,192 shares of the auto parts company's stock valued at $1,257,000 after buying an additional 331 shares in the last quarter. Cromwell Holdings LLC raised its holdings in shares of LKQ by 81.0% during the 4th quarter. Cromwell Holdings LLC now owns 742 shares of the auto parts company's stock valued at $27,000 after buying an additional 332 shares in the last quarter. MetLife Investment Management LLC raised its holdings in shares of LKQ by 0.5% during the 4th quarter. MetLife Investment Management LLC now owns 68,790 shares of the auto parts company's stock valued at $2,528,000 after buying an additional 352 shares in the last quarter. United Capital Financial Advisors LLC raised its holdings in shares of LKQ by 6.3% during the 4th quarter. United Capital Financial Advisors LLC now owns 6,436 shares of the auto parts company's stock valued at $237,000 after buying an additional 382 shares in the last quarter. Finally, Wahed Invest LLC raised its holdings in shares of LKQ by 6.4% during the 4th quarter. Wahed Invest LLC now owns 6,779 shares of the auto parts company's stock valued at $249,000 after buying an additional 405 shares in the last quarter. Institutional investors own 95.63% of the company's stock.

LKQ Price Performance

Shares of LKQ stock opened at $39.09 on Friday. The stock has a market capitalization of $10.09 billion, a P/E ratio of 14.92 and a beta of 0.98. LKQ Co. has a one year low of $35.56 and a one year high of $46.64. The business's 50 day simple moving average is $40.49 and its two-hundred day simple moving average is $39.57. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.71 and a quick ratio of 0.67.

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

LKQ Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th were given a $0.30 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.07%. LKQ's dividend payout ratio is currently 44.78%.

Insider Transactions at LKQ

In other news, CEO Justin L. Jude purchased 2,708 shares of the company's stock in a transaction that occurred on Friday, April 25th. The shares were bought at an average cost of $36.99 per share, for a total transaction of $100,168.92. Following the completion of the transaction, the chief executive officer now directly owns 280,777 shares of the company's stock, valued at $10,385,941.23. This trade represents a 0.97% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Dominick P. Zarcone sold 15,000 shares of LKQ stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $42.15, for a total value of $632,250.00. Following the sale, the director now owns 321,135 shares in the company, valued at $13,535,840.25. This represents a 4.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.55% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on LKQ shares. Barrington Research reissued an "outperform" rating and set a $60.00 price objective on shares of LKQ in a report on Monday, April 21st. Wall Street Zen cut LKQ from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Finally, JPMorgan Chase & Co. lifted their price target on LKQ from $48.00 to $49.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $52.60.

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.

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