Thompson Siegel & Walmsley LLC Has $72.47 Million Stock Holdings in LKQ Co. (NASDAQ:LKQ)

Thompson Siegel & Walmsley LLC cut its stake in LKQ Co. (NASDAQ:LKQ) by 0.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,971,996 shares of the auto parts company’s stock after selling 5,931 shares during the quarter. LKQ makes up 1.1% of Thompson Siegel & Walmsley LLC’s portfolio, making the stock its 24th biggest holding. Thompson Siegel & Walmsley LLC’s holdings in LKQ were worth $72,471,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Pacer Advisors Inc. increased its stake in shares of LKQ by 112.9% in the fourth quarter. Pacer Advisors Inc. now owns 42,563 shares of the auto parts company’s stock worth $1,564,000 after acquiring an additional 22,575 shares during the last quarter. Nordea Investment Management AB increased its position in LKQ by 11.0% during the fourth quarter. Nordea Investment Management AB now owns 8,406,444 shares of the auto parts company’s stock worth $309,609,000 after buying an additional 833,519 shares during the last quarter. Rehmann Capital Advisory Group acquired a new position in LKQ during the third quarter worth $634,000. Illinois Municipal Retirement Fund increased its position 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 buying an additional 99,229 shares during the last quarter. Finally, Quantbot Technologies LP grew its position in shares of 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 during the last quarter. 95.63% of the stock is owned by institutional investors and hedge funds.

LKQ Price Performance

LKQ stock opened at $42.54 on Thursday. 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 has a market capitalization of $11.02 billion, a PE ratio of 16.24 and a beta of 1.27. LKQ Co. has a one year low of $35.56 and a one year high of $53.68. The business has a 50 day simple moving average of $38.98 and a 200 day simple moving average of $38.92.

LKQ (NASDAQ:LKQ) last released its quarterly earnings results on Thursday, February 20th. The auto parts company reported $0.80 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $3.42 billion. On average, sell-side analysts forecast that LKQ Co. will post 3.57 EPS for the current fiscal year.

LKQ Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be issued a dividend of $0.30 per share. The ex-dividend date is Thursday, March 13th. This represents a $1.20 dividend on an annualized basis and a yield of 2.82%. LKQ’s dividend payout ratio is 45.80%.

Insider Activity at LKQ

In related news, Director Dominick P. Zarcone sold 5,000 shares of LKQ stock in a transaction on Monday, February 3rd. The stock was 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 directly owns 369,462 shares of the company’s stock, valued at $13,352,356.68. The trade was a 1.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold 35,000 shares of company stock valued at $1,416,300 in the last three months. Corporate insiders own 0.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on LKQ shares. StockNews.com downgraded LKQ from a “buy” rating to a “hold” rating in a research report on Saturday, March 1st. Barrington Research reiterated an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a research report on Thursday, February 20th. Finally, JPMorgan Chase & Co. raised their target price on LKQ from $48.00 to $49.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $52.60.

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.