LKQ Co. (NASDAQ:LKQ) Holdings Decreased by Wellington Management Group LLP

Wellington Management Group LLP decreased its position in LKQ Co. (NASDAQ:LKQ - Free Report) by 77.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,394,638 shares of the auto parts company's stock after selling 4,855,178 shares during the quarter. Wellington Management Group LLP owned 0.54% of LKQ worth $51,253,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Geode Capital Management LLC grew its position in shares of LKQ by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 6,591,553 shares of the auto parts company's stock worth $241,643,000 after buying an additional 48,813 shares in the last quarter. Invesco Ltd. grew its position in shares of LKQ by 26.6% during the fourth quarter. Invesco Ltd. now owns 5,571,136 shares of the auto parts company's stock worth $204,739,000 after buying an additional 1,171,481 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of LKQ by 25.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,231,940 shares of the auto parts company's stock worth $192,268,000 after buying an additional 1,053,001 shares in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of LKQ during the fourth quarter worth approximately $165,548,000. Finally, EdgePoint Investment Group Inc. acquired a new stake in shares of LKQ during the fourth quarter worth approximately $160,339,000. Institutional investors and hedge funds own 95.63% of the company's stock.

Insider Buying and Selling at LKQ

In related news, Director Dominick P. Zarcone sold 5,000 shares of LKQ 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 sale, the director now directly owns 316,135 shares in the company, valued at $12,019,452.70. The trade was a 1.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 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. This represents a 0.97% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 35,000 shares of company stock worth $1,457,150. 0.55% of the stock is owned by insiders.

LKQ Stock Performance

LKQ traded up $0.30 during trading hours on Friday, hitting $40.58. 5,871,315 shares of the stock were exchanged, compared to its average volume of 2,286,728. The stock has a 50-day simple moving average of $40.71 and a 200-day simple moving average of $39.53. LKQ Co. has a 12 month low of $35.56 and a 12 month high of $46.64. The stock has a market cap of $10.48 billion, a price-to-earnings ratio of 15.49 and a beta of 0.98. 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 posted its earnings results on Thursday, April 24th. The auto parts company reported $0.79 earnings per share (EPS) for the quarter, meeting 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 return on equity of 14.93% and a net margin of 4.81%. The firm's quarterly revenue was down 6.5% compared to the same quarter last year. During the same period last year, the business posted $0.82 earnings per share. Analysts anticipate that LKQ Co. will post 3.57 earnings per share for the current year.

LKQ Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date was Thursday, May 15th. LKQ's payout ratio is 44.78%.

Analysts Set New Price Targets

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

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.