LKQ Co. (NASDAQ:LKQ) Shares Sold by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC decreased its holdings in LKQ Co. (NASDAQ:LKQ - Free Report) by 4.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 558,244 shares of the auto parts company's stock after selling 25,620 shares during the quarter. Anchor Capital Advisors LLC owned 0.21% of LKQ worth $26,678,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of LKQ by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 30,245,966 shares of the auto parts company's stock worth $1,497,478,000 after acquiring an additional 382,054 shares in the last quarter. Wellington Management Group LLP grew its position in LKQ by 5.5% in the 3rd quarter. Wellington Management Group LLP now owns 10,330,168 shares of the auto parts company's stock worth $511,447,000 after purchasing an additional 540,259 shares in the last quarter. Morgan Stanley increased its stake in LKQ by 13.7% in the 3rd quarter. Morgan Stanley now owns 9,907,659 shares of the auto parts company's stock valued at $490,528,000 after buying an additional 1,195,122 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of LKQ by 4.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 9,002,807 shares of the auto parts company's stock worth $430,244,000 after buying an additional 383,031 shares in the last quarter. Finally, Nordea Investment Management AB lifted its position in shares of LKQ by 2.0% during the 4th quarter. Nordea Investment Management AB now owns 7,292,994 shares of the auto parts company's stock worth $349,407,000 after buying an additional 143,632 shares in the last quarter. Institutional investors and hedge funds own 95.63% of the company's stock.

Wall Street Analyst Weigh In

LKQ has been the subject of several recent analyst reports. Stifel Nicolaus reaffirmed a "buy" rating and issued a $66.00 target price on shares of LKQ in a report on Tuesday, April 9th. Barrington Research restated an "outperform" rating and issued a $60.00 price objective on shares of LKQ in a research note on Friday, April 19th. StockNews.com cut LKQ from a "buy" rating to a "hold" rating in a research note on Friday, February 23rd. Robert W. Baird cut their price target on shares of LKQ from $58.00 to $54.00 and set an "outperform" rating on the stock in a report on Wednesday, April 24th. Finally, Roth Mkm restated a "buy" rating and set a $65.00 price objective on shares of LKQ in a report on Tuesday, April 23rd. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $61.60.

LKQ Stock Performance

Shares of NASDAQ LKQ traded up $0.12 during trading on Monday, reaching $43.76. 1,764,395 shares of the stock traded hands, compared to its average volume of 1,710,185. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.70 and a quick ratio of 0.68. The stock has a market capitalization of $11.67 billion, a P/E ratio of 14.21 and a beta of 1.28. LKQ Co. has a 52-week low of $41.30 and a 52-week high of $59.38. The company has a 50-day moving average of $50.59 and a 200-day moving average of $48.09.

LKQ (NASDAQ:LKQ - Get Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The auto parts company reported $0.82 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.13). The business had revenue of $3.70 billion for the quarter, compared to analysts' expectations of $3.76 billion. LKQ had a net margin of 5.79% and a return on equity of 15.94%. LKQ's revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period last year, the company earned $1.04 earnings per share. Analysts forecast that LKQ Co. will post 3.94 EPS for the current fiscal year.

LKQ Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend is Wednesday, May 15th. LKQ's payout ratio is currently 38.96%.

Insider Activity

In other LKQ news, CEO Dominick P. Zarcone sold 200,000 shares of LKQ stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $51.97, for a total transaction of $10,394,000.00. Following the completion of the transaction, the chief executive officer now owns 386,522 shares of the company's stock, valued at approximately $20,087,548.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.45% of the stock is owned by company insiders.

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.