LKQ Co. (NASDAQ:LKQ) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lessened its holdings in LKQ Co. (NASDAQ:LKQ - Free Report) by 77.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,394,638 shares of the auto parts company's stock after selling 4,855,178 shares during the period. Wellington Management Group LLP owned about 0.54% of LKQ worth $51,253,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in LKQ. Cromwell Holdings LLC raised its stake in LKQ by 81.0% during the 4th quarter. Cromwell Holdings LLC now owns 742 shares of the auto parts company's stock worth $27,000 after acquiring an additional 332 shares during the period. CENTRAL TRUST Co raised its stake in 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 acquiring an additional 1,440 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in LKQ during the 3rd quarter worth approximately $81,000. Allworth Financial LP raised its stake in 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 acquiring an additional 1,089 shares during the period. Finally, Blue Trust Inc. grew its holdings in LKQ by 25.9% during 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. Institutional investors own 95.63% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In related news, Director Dominick P. Zarcone sold 5,000 shares of the company's stock in a transaction that occurred 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 sale, the director now owns 369,462 shares in the company, valued at $13,352,356.68. This represents a 1.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last ninety days, insiders sold 45,000 shares of company stock worth $1,864,350. 0.55% of the stock is owned by corporate insiders.

LKQ Stock Down 2.3 %

Shares of LKQ stock traded down $0.95 on Thursday, hitting $40.66. The stock had a trading volume of 501,722 shares, compared to its average volume of 2,256,232. The company has a quick ratio of 0.67, a current ratio of 1.71 and a debt-to-equity ratio of 0.68. The business has a 50 day moving average price of $40.70 and a 200 day moving average price of $39.04. The company has a market cap of $10.51 billion, a PE ratio of 15.61 and a beta of 1.09. LKQ Co. has a one year low of $35.56 and a one year high of $51.23.

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, beating the consensus estimate of $0.76 by $0.04. The firm 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%. Research analysts anticipate that LKQ Co. will post 3.57 earnings per share for the current fiscal year.

LKQ Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a $0.30 dividend. The ex-dividend date was Thursday, March 13th. This represents a $1.20 annualized dividend and a dividend yield of 2.95%. LKQ's payout ratio is currently 45.80%.

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.