Hancock Whitney Corp Has $291,000 Stock Holdings in LKQ Co. (NASDAQ:LKQ)

Hancock Whitney Corp lowered its holdings in LKQ Co. (NASDAQ:LKQ - Free Report) by 58.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,928 shares of the auto parts company's stock after selling 11,299 shares during the quarter. Hancock Whitney Corp's holdings in LKQ were worth $291,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Virtu Financial LLC raised its holdings in shares of LKQ by 226.3% in the third quarter. Virtu Financial LLC now owns 22,363 shares of the auto parts company's stock worth $893,000 after buying an additional 15,509 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of LKQ in the third quarter worth approximately $81,000. Tidal Investments LLC grew its holdings in shares of LKQ by 3.0% during the third quarter. Tidal Investments LLC now owns 32,995 shares of the auto parts company's stock worth $1,317,000 after buying an additional 947 shares in the last quarter. Synovus Financial Corp raised its holdings in LKQ by 11.6% in the 3rd quarter. Synovus Financial Corp now owns 15,235 shares of the auto parts company's stock valued at $608,000 after acquiring an additional 1,588 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in LKQ by 9.2% during the third quarter. Franklin Resources Inc. now owns 519,232 shares of the auto parts company's stock worth $20,401,000 after buying an additional 43,541 shares in the last quarter. Institutional investors own 95.63% of the company's stock.

Insider Activity at LKQ

In related news, Director Dominick P. Zarcone sold 15,000 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $42.32, for a total transaction of $634,800.00. Following the sale, the director now directly owns 336,135 shares in the company, valued at approximately $14,225,233.20. This trade represents a 4.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 purchased at an average cost of $36.99 per share, for a total transaction of $100,168.92. Following the purchase, the chief executive officer now directly owns 280,777 shares in the company, 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. Insiders have sold a total of 50,000 shares of company stock valued at $2,054,450 over the last quarter. Insiders own 0.55% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on LKQ. JPMorgan Chase & Co. lifted their price target on shares of LKQ from $48.00 to $49.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. StockNews.com lowered shares of LKQ from a "buy" rating to a "hold" rating in a report on Friday, April 25th. Finally, Barrington Research reaffirmed an "outperform" rating and issued a $60.00 target price on shares of LKQ in a research report on Monday, April 21st. One analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $52.60.

LKQ Stock Performance

Shares of LKQ stock traded up $1.21 during trading hours on Friday, hitting $39.34. 2,094,100 shares of the company were exchanged, compared to its average volume of 2,266,669. The company has a current ratio of 1.71, a quick ratio of 0.67 and a debt-to-equity ratio of 0.68. The business has a 50-day moving average of $41.23 and a 200-day moving average of $39.14. LKQ Co. has a 1 year low of $35.56 and a 1 year high of $46.64. The stock has a market capitalization of $10.16 billion, a price-to-earnings ratio of 15.02 and a beta of 1.09.

LKQ (NASDAQ:LKQ - Get Free Report) last issued 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 during 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 firm's quarterly revenue was down 6.5% compared to the same quarter last year. During the same period last year, the company posted $0.82 earnings per share. As a group, analysts expect that LKQ Co. will post 3.57 EPS for the current fiscal year.

LKQ Dividend Announcement

The business also recently announced 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 3.05%. The ex-dividend date of this dividend is Thursday, May 15th. LKQ's dividend payout ratio (DPR) is presently 44.78%.

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.