LKQ Co. (NASDAQ:LKQ) Stock Position Reduced by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC lowered its position in shares of LKQ Co. (NASDAQ:LKQ - Free Report) by 23.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 24,408 shares of the auto parts company's stock after selling 7,652 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in LKQ were worth $897,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cromwell Holdings LLC grew its holdings in LKQ by 81.0% in the fourth quarter. Cromwell Holdings LLC now owns 742 shares of the auto parts company's stock valued at $27,000 after purchasing an additional 332 shares during the period. CENTRAL TRUST Co increased its holdings in shares of LKQ by 618.0% during the 4th quarter. CENTRAL TRUST Co now owns 1,673 shares of the auto parts company's stock worth $61,000 after buying an additional 1,440 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of LKQ in the 3rd quarter worth $81,000. Allworth Financial LP grew its position in LKQ by 107.8% during the fourth quarter. Allworth Financial LP now owns 2,099 shares of the auto parts company's stock valued at $82,000 after acquiring an additional 1,089 shares during the period. Finally, Blue Trust Inc. raised its holdings in shares of LKQ by 25.9% in the 4th quarter. Blue Trust Inc. now owns 2,847 shares of the auto parts company's stock worth $105,000 after purchasing an additional 585 shares during the period. 95.63% of the stock is owned by hedge funds and other institutional investors.

LKQ Stock Performance

Shares of LKQ stock traded up $0.90 on Friday, reaching $42.01. 1,758,375 shares of the company were exchanged, compared to its average volume of 2,271,203. The firm has a market cap of $10.86 billion, a price-to-earnings ratio of 16.03 and a beta of 1.09. LKQ Co. has a 1-year low of $35.56 and a 1-year high of $50.13. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.67 and a current ratio of 1.71. The company's 50-day moving average is $40.89 and its two-hundred day moving average is $39.06.

LKQ (NASDAQ:LKQ - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The auto parts company reported $0.80 earnings per share for the quarter, topping analysts' consensus estimates of $0.76 by $0.04. The business had revenue of $3.36 billion for the quarter, compared to analysts' expectations of $3.42 billion. LKQ had a net margin of 4.81% and a return on equity of 14.93%. As a group, research analysts expect that LKQ Co. will post 3.57 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.86%. The ex-dividend date was Thursday, March 13th. LKQ's payout ratio is currently 45.80%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on LKQ shares. StockNews.com raised shares of LKQ from a "hold" rating to a "buy" rating in a research report on Thursday, March 20th. JPMorgan Chase & Co. upped their target price on LKQ from $48.00 to $49.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Finally, Barrington Research reiterated an "outperform" rating and set a $60.00 target price on shares of LKQ in a report on Thursday, February 20th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $52.60.

Insiders Place Their Bets

In related news, Director Dominick P. Zarcone sold 5,000 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $36.14, for a total value of $180,700.00. Following the completion of the transaction, the director now owns 369,462 shares in the company, valued at $13,352,356.68. This trade represents a 1.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last quarter, insiders sold 45,000 shares of company stock worth $1,864,350. 0.55% of the stock is owned by company insiders.

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.