Net Worth Advisory Group Sells 2,656 Shares of LKQ Co. (NASDAQ:LKQ)

Net Worth Advisory Group cut its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 25.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,960 shares of the auto parts company’s stock after selling 2,656 shares during the period. Net Worth Advisory Group’s holdings in LKQ were worth $293,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. raised its position in LKQ by 112.9% in the 4th quarter. Pacer Advisors Inc. now owns 42,563 shares of the auto parts company’s stock valued at $1,564,000 after buying an additional 22,575 shares during the last quarter. Nordea Investment Management AB raised its holdings in shares of LKQ by 11.0% in the fourth quarter. Nordea Investment Management AB now owns 8,406,444 shares of the auto parts company’s stock valued at $309,609,000 after purchasing an additional 833,519 shares during the last quarter. Rehmann Capital Advisory Group bought a new stake in shares of LKQ in the third quarter worth $634,000. Illinois Municipal Retirement Fund boosted its holdings in LKQ by 58.8% during the fourth quarter. Illinois Municipal Retirement Fund now owns 268,031 shares of the auto parts company’s stock worth $9,850,000 after purchasing an additional 99,229 shares during the last quarter. Finally, Quantbot Technologies LP grew its position in LKQ by 27,310.6% in the third quarter. Quantbot Technologies LP now owns 64,415 shares of the auto parts company’s stock valued at $2,571,000 after purchasing an additional 64,180 shares in the last quarter. 95.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on LKQ. JPMorgan Chase & Co. boosted their price target on shares of 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 LKQ from a “buy” rating to a “hold” rating in a report on Saturday, March 1st. Finally, Barrington Research restated an “outperform” rating and issued a $60.00 price target on shares of LKQ in a research note on Thursday, February 20th. 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 company currently has a consensus rating of “Moderate Buy” and an average target price of $52.60.

LKQ Stock Down 2.0 %

LKQ stock opened at $43.18 on Wednesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.71 and a quick ratio of 0.67. The company’s 50-day moving average is $38.85 and its 200-day moving average is $38.92. The firm has a market capitalization of $11.19 billion, a PE ratio of 16.48 and a beta of 1.27. LKQ Co. has a fifty-two week low of $35.56 and a fifty-two week high of $53.68.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings results on Thursday, February 20th. The auto parts company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.04. LKQ had a return on equity of 14.93% and a net margin of 4.81%. The firm had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.42 billion. Sell-side analysts anticipate that LKQ Co. will post 3.57 earnings per share for the current year.

LKQ Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.78%. The ex-dividend date is Thursday, March 13th. LKQ’s dividend payout ratio is 45.80%.

Insiders Place Their Bets

In other news, Director Dominick P. Zarcone sold 5,000 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $36.14, for a total transaction of $180,700.00. Following the completion of the sale, the director now owns 369,462 shares in the company, valued at approximately $13,352,356.68. This trade represents a 1.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold a total of 35,000 shares of company stock valued at $1,416,300 over the last ninety days. 0.45% of the stock is currently owned by company insiders.

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.