Twinbeech Capital LP Cuts Stock Holdings in LKQ Co. (NASDAQ:LKQ)

Twinbeech Capital LP decreased its holdings in LKQ Co. (NASDAQ:LKQ - Free Report) by 85.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 67,915 shares of the auto parts company's stock after selling 408,634 shares during the quarter. Twinbeech Capital LP's holdings in LKQ were worth $2,496,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Tidal Investments LLC increased its position in shares of LKQ by 29.2% in the fourth quarter. Tidal Investments LLC now owns 42,633 shares of the auto parts company's stock worth $1,567,000 after purchasing an additional 9,638 shares during the period. Siemens Fonds Invest GmbH acquired a new stake in LKQ during the fourth quarter worth about $519,000. Sherbrooke Park Advisers LLC increased its holdings in LKQ by 59.3% in the 4th quarter. Sherbrooke Park Advisers LLC now owns 12,693 shares of the auto parts company's stock valued at $466,000 after buying an additional 4,723 shares during the period. Rafferty Asset Management LLC raised its position in shares of LKQ by 11.5% in the 4th quarter. Rafferty Asset Management LLC now owns 24,166 shares of the auto parts company's stock valued at $888,000 after buying an additional 2,493 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its holdings in shares of LKQ by 65.0% during the 4th quarter. Quantinno Capital Management LP now owns 20,473 shares of the auto parts company's stock worth $752,000 after acquiring an additional 8,062 shares during the period. Institutional investors own 95.63% of the company's stock.

Insider Transactions at LKQ

In related 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 completion of the transaction, the director now owns 316,135 shares in the company, valued at approximately $12,019,452.70. This represents a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Justin L. Jude bought 2,708 shares of the company's stock in a transaction on Friday, April 25th. The stock was bought at an average price of $36.99 per share, for a total transaction of $100,168.92. Following the completion of the purchase, the chief executive officer now owns 280,777 shares of the company's stock, valued at approximately $10,385,941.23. The trade was a 0.97% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 35,000 shares of company stock worth $1,457,150 in the last quarter. 0.55% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on LKQ shares. Wall Street Zen cut shares of LKQ from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Barrington Research reiterated an "outperform" rating and issued a $60.00 price target on shares of LKQ in a research note on Monday, April 21st. Finally, JPMorgan Chase & Co. boosted their price target on LKQ from $48.00 to $49.00 and gave the stock 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. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $52.60.

LKQ Trading Down 0.8%

LKQ traded down $0.32 during trading on Monday, reaching $40.19. 1,812,391 shares of the stock traded hands, compared to its average volume of 2,280,357. The stock's 50-day moving average is $40.76 and its 200 day moving average is $39.48. LKQ Co. has a 12 month low of $35.56 and a 12 month high of $46.64. The stock has a market capitalization of $10.37 billion, a PE ratio of 15.34 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 quarterly earnings data on Thursday, April 24th. The auto parts company reported $0.79 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.79. The company had revenue of $3.46 billion for the quarter, compared to analysts' expectations of $3.58 billion. LKQ had a net margin of 4.81% and a return on equity of 14.93%. The business's revenue was down 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.82 EPS. Equities analysts anticipate that LKQ Co. will post 3.57 earnings per share for the current year.

LKQ Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date is Thursday, May 15th. LKQ's dividend payout ratio is 44.78%.

LKQ Company 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.