Foster & Motley Inc. Sells 22,089 Shares of LKQ Co. (NASDAQ:LKQ)

Foster & Motley Inc. trimmed its holdings in shares of LKQ Co. (NASDAQ:LKQ - Free Report) by 20.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 87,771 shares of the auto parts company's stock after selling 22,089 shares during the period. Foster & Motley Inc.'s holdings in LKQ were worth $4,195,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. OFI Invest Asset Management bought a new position in shares of LKQ in the 3rd quarter worth $26,000. CVA Family Office LLC bought a new position in shares of LKQ in the 4th quarter worth $26,000. Private Trust Co. NA lifted its holdings in shares of LKQ by 228.4% in the 4th quarter. Private Trust Co. NA now owns 647 shares of the auto parts company's stock worth $31,000 after purchasing an additional 450 shares in the last quarter. NBC Securities Inc. bought a new position in shares of LKQ in the 3rd quarter worth $34,000. Finally, Headinvest LLC bought a new position in shares of LKQ in the 3rd quarter worth $34,000. 95.63% of the stock is currently owned by institutional investors.

LKQ Price Performance

LKQ stock traded down $7.28 during mid-day trading on Tuesday, reaching $41.65. 9,654,821 shares of the company traded hands, compared to its average volume of 1,641,377. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.47 and a quick ratio of 0.53. The company has a market capitalization of $11.11 billion, a P/E ratio of 11.90 and a beta of 1.28. LKQ Co. has a 52-week low of $41.46 and a 52-week high of $59.38. The company has a fifty day moving average price of $51.21 and a 200-day moving average price of $48.36.

LKQ (NASDAQ:LKQ - Get Free Report) last posted its earnings results on Tuesday, April 23rd. The auto parts company reported $0.82 earnings per share for the quarter, missing analysts' consensus estimates of $0.95 by ($0.13). The company had revenue of $3.70 billion for the quarter, compared to analysts' expectations of $3.76 billion. LKQ had a net margin of 6.75% and a return on equity of 17.24%. The firm's quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.04 EPS. As a group, analysts anticipate that LKQ Co. will post 4.07 earnings per share for the current year.

LKQ Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.88%. LKQ's dividend payout ratio (DPR) is presently 34.29%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on LKQ shares. Roth Mkm restated a "buy" rating and set a $65.00 price objective on shares of LKQ in a research note on Tuesday. JPMorgan Chase & Co. decreased their target price on LKQ from $65.00 to $63.00 and set an "overweight" rating for the company in a research report on Thursday, January 25th. StockNews.com lowered LKQ from a "buy" rating to a "hold" rating in a research report on Friday, February 23rd. Barrington Research reaffirmed an "outperform" rating and set a $60.00 target price on shares of LKQ in a research report on Friday. Finally, Stifel Nicolaus reaffirmed a "buy" rating and set a $66.00 target price on shares of LKQ in a research report on Tuesday, April 9th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $63.80.

Insider Activity

In related news, CEO Dominick P. Zarcone sold 200,000 shares of the business's stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $51.97, for a total value of $10,394,000.00. Following the completion of the sale, the chief executive officer now owns 386,522 shares in the company, valued at approximately $20,087,548.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.45% of the company's stock.

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.