National Bank of Canada FI Has $4.60 Million Stock Position in LKQ Co. (NASDAQ:LKQ)

National Bank of Canada FI trimmed its holdings in shares of LKQ Co. (NASDAQ:LKQ - Free Report) by 10.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 125,127 shares of the auto parts company's stock after selling 14,101 shares during the period. National Bank of Canada FI's holdings in LKQ were worth $4,598,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Public Sector Pension Investment Board grew its stake in shares of LKQ by 8.9% in the third quarter. Public Sector Pension Investment Board now owns 10,975 shares of the auto parts company's stock valued at $438,000 after buying an additional 900 shares in the last quarter. Hilltop Holdings Inc. lifted its stake in LKQ by 15.3% in the third quarter. Hilltop Holdings Inc. now owns 5,679 shares of the auto parts company's stock valued at $227,000 after acquiring an additional 753 shares during the last quarter. Investment Management Corp of Ontario grew its position in shares of LKQ by 50.8% in the 3rd quarter. Investment Management Corp of Ontario now owns 8,907 shares of the auto parts company's stock valued at $356,000 after acquiring an additional 3,000 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of LKQ during the 3rd quarter worth about $7,309,000. Finally, Royal London Asset Management Ltd. increased its stake in shares of LKQ by 2.3% during the 3rd quarter. Royal London Asset Management Ltd. now owns 106,444 shares of the auto parts company's stock worth $4,249,000 after purchasing an additional 2,412 shares during the last quarter. Institutional investors own 95.63% of the company's stock.

Analysts Set New Price Targets

LKQ has been the subject of several recent analyst reports. Barrington Research reiterated an "outperform" rating and issued a $60.00 target price on shares of LKQ in a research note on Thursday, February 20th. JPMorgan Chase & Co. raised their price objective on LKQ from $48.00 to $49.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Finally, StockNews.com raised LKQ from a "hold" rating to a "buy" rating in a report on Thursday, March 20th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $52.60.

LKQ Stock Performance

LKQ stock traded up $0.90 during mid-day trading on Friday, hitting $42.01. 1,758,375 shares of the company were exchanged, compared to its average volume of 2,271,203. LKQ Co. has a 1-year low of $35.56 and a 1-year high of $50.13. The stock has a market capitalization of $10.86 billion, a PE ratio of 16.03 and a beta of 1.09. The business has a 50 day simple moving average of $40.89 and a 200-day simple moving average of $39.06. 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 released its quarterly earnings results on Thursday, February 20th. The auto parts company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.04. The business had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.42 billion. LKQ had a return on equity of 14.93% and a net margin of 4.81%. On average, equities analysts forecast that LKQ Co. will post 3.57 earnings per share for the current year.

LKQ Dividend Announcement

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

Insider Buying and Selling at LKQ

In related news, Director Dominick P. Zarcone sold 15,000 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $42.32, for a total value of $634,800.00. Following the transaction, the director now owns 336,135 shares in the company, valued at approximately $14,225,233.20. This trade represents a 4.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 45,000 shares of company stock valued at $1,864,350 in the last quarter. Company insiders own 0.55% of the company's stock.

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.