Peddock Capital Advisors LLC Has $834,000 Holdings in LKQ Co. (NASDAQ:LKQ)

Peddock Capital Advisors LLC lowered its stake in shares of LKQ Co. (NASDAQ:LKQ) by 6.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 22,687 shares of the auto parts company’s stock after selling 1,614 shares during the period. Peddock Capital Advisors LLC’s holdings in LKQ were worth $834,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Catalyst Capital Advisors LLC purchased a new stake in LKQ in the 3rd quarter valued at about $25,000. Allworth Financial LP boosted its position in LKQ by 94.2% in the third quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company’s stock worth $40,000 after purchasing an additional 490 shares during the last quarter. Bruce G. Allen Investments LLC grew its stake in LKQ by 33.5% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,151 shares of the auto parts company’s stock valued at $46,000 after purchasing an additional 289 shares during the period. Private Trust Co. NA grew its stake in LKQ by 31.2% in the 3rd quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company’s stock valued at $50,000 after purchasing an additional 299 shares during the period. Finally, Kennebec Savings Bank purchased a new stake in shares of LKQ during the 3rd quarter valued at $57,000. 95.63% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on LKQ. Stifel Nicolaus reduced their price target on shares of LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Robert W. Baird lowered their price target on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Barrington Research restated an “outperform” rating and issued a $60.00 target price on shares of LKQ in a research note on Friday, October 25th. Finally, StockNews.com upgraded shares of LKQ from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $53.80.

LKQ Trading Up 0.6 %

NASDAQ:LKQ traded up $0.22 during trading hours on Monday, reaching $36.49. The company’s stock had a trading volume of 2,238,167 shares, compared to its average volume of 2,012,015. The firm has a 50-day simple moving average of $37.83 and a 200-day simple moving average of $39.56. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.72. LKQ Co. has a 1 year low of $35.56 and a 1 year high of $53.68. The firm has a market capitalization of $9.49 billion, a price-to-earnings ratio of 13.62 and a beta of 1.30.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.01. The business had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.65 billion. LKQ had a net margin of 4.90% and a return on equity of 15.15%. The company’s revenue was up .4% on a year-over-year basis. During the same quarter last year, the firm earned $0.86 EPS. Research analysts expect that LKQ Co. will post 3.43 EPS for the current fiscal year.

LKQ Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.29%. LKQ’s dividend payout ratio is presently 44.78%.

Insider Transactions at LKQ

In other LKQ news, Director Dominick P. Zarcone sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $36.84, for a total transaction of $184,200.00. Following the completion of the sale, the director now directly owns 374,462 shares of the company’s stock, valued at approximately $13,795,180.08. This represents a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.55% of the company’s stock.

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.