Hsbc Holdings PLC Reduces Holdings in LKQ Co. (NASDAQ:LKQ)

Hsbc Holdings PLC lowered its position in LKQ Co. (NASDAQ:LKQ - Free Report) by 20.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,266,769 shares of the auto parts company's stock after selling 319,943 shares during the period. Hsbc Holdings PLC owned approximately 0.49% of LKQ worth $46,522,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on LKQ. JPMorgan Chase & Co. raised their price target on LKQ from $48.00 to $49.00 and gave the stock 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 restated an "outperform" rating and set 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 stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $52.60.

LKQ Trading Up 0.1 %

Shares of LKQ traded up $0.05 during mid-day trading on Wednesday, reaching $37.70. The company had a trading volume of 621,980 shares, compared to its average volume of 2,262,287. LKQ Co. has a fifty-two week low of $35.56 and a fifty-two week high of $46.64. The firm has a fifty day simple moving average of $41.34 and a 200-day simple moving average of $39.16. The stock has a market cap of $9.75 billion, a price-to-earnings ratio of 14.38 and a beta of 1.09. The company has a current ratio of 1.71, a quick ratio of 0.67 and a debt-to-equity ratio of 0.68.

LKQ (NASDAQ:LKQ - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The auto parts company reported $0.79 EPS for the quarter, hitting the consensus estimate of $0.79. The company had revenue of $3.46 billion during 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 firm's revenue was down 6.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.82 earnings per share. On average, sell-side analysts anticipate that LKQ Co. will post 3.57 EPS for the current fiscal year.

LKQ Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.20 dividend on an annualized basis and a yield of 3.18%. LKQ's dividend payout ratio (DPR) is 44.78%.

Insider Buying and Selling at LKQ

In related news, CEO Justin L. Jude acquired 2,708 shares of the business's stock in a transaction on Friday, April 25th. The shares were bought at an average cost of $36.99 per share, with a total value 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dominick P. Zarcone sold 5,000 shares of the business's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $36.14, for a total value of $180,700.00. Following the transaction, the director now owns 369,462 shares in the company, valued at approximately $13,352,356.68. This represents a 1.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 45,000 shares of company stock valued at $1,864,350 over the last ninety days. Corporate insiders own 0.55% of the company's stock.

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.