Winslow Asset Management Inc. Sells 36,127 Shares of LKQ Co. (NASDAQ:LKQ)

Winslow Asset Management Inc. decreased its position in shares of LKQ Co. (NASDAQ:LKQ) by 23.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 118,914 shares of the auto parts company’s stock after selling 36,127 shares during the quarter. Winslow Asset Management Inc.’s holdings in LKQ were worth $4,370,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Pacer Advisors Inc. boosted its position in LKQ by 112.9% during the 4th quarter. Pacer Advisors Inc. now owns 42,563 shares of the auto parts company’s stock worth $1,564,000 after buying an additional 22,575 shares during the period. Nordea Investment Management AB boosted its position in LKQ by 11.0% during the 4th 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 period. Rehmann Capital Advisory Group acquired a new stake in LKQ during the 3rd quarter worth approximately $634,000. Quantbot Technologies LP boosted its position in LKQ by 27,310.6% during the 3rd quarter. Quantbot Technologies LP now owns 64,415 shares of the auto parts company’s stock worth $2,571,000 after buying an additional 64,180 shares during the period. Finally, Ninety One UK Ltd boosted its position in LKQ by 28.5% during the 4th quarter. Ninety One UK Ltd now owns 833,015 shares of the auto parts company’s stock worth $30,613,000 after buying an additional 184,710 shares during the period. Institutional investors own 95.63% of the company’s stock.

Analyst Upgrades and Downgrades

LKQ has been the subject of several analyst reports. JPMorgan Chase & Co. raised their price target on shares of LKQ from $48.00 to $49.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. StockNews.com lowered shares of LKQ from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Barrington Research restated an “outperform” rating and set a $60.00 price target on shares of LKQ in a report on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $52.60.

Insider Buying and Selling

In other LKQ news, Director Dominick P. Zarcone sold 5,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $36.84, for a total transaction of $184,200.00. Following the sale, the director now directly owns 374,462 shares of the company’s stock, valued at $13,795,180.08. This represents a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders have sold 20,000 shares of company stock valued at $781,500. 0.55% of the stock is owned by insiders.

LKQ Stock Performance

Shares of LKQ stock opened at $42.19 on Monday. The company has a current ratio of 1.71, a quick ratio of 0.67 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $10.93 billion, a PE ratio of 16.10 and a beta of 1.29. The firm has a fifty day simple moving average of $38.13 and a two-hundred day simple moving average of $38.85. LKQ Co. has a 12 month low of $35.56 and a 12 month high of $53.68.

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

LKQ Dividend Announcement

The business 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 $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date is Thursday, March 13th. LKQ’s dividend payout ratio (DPR) is currently 45.80%.

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.