LKQ Co. (NASDAQ:LKQ) Holdings Decreased by Procyon Advisors LLC

Procyon Advisors LLC reduced its position in shares of LKQ Co. (NASDAQ:LKQ) by 5.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 12,772 shares of the auto parts company’s stock after selling 752 shares during the quarter. Procyon Advisors LLC’s holdings in LKQ were worth $469,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC acquired a new position in LKQ in the third quarter valued at approximately $25,000. Allworth Financial LP lifted its holdings in shares of LKQ by 94.2% in the 3rd 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 boosted its position in LKQ by 33.5% during 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% during the 3rd quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company’s stock worth $50,000 after buying an additional 299 shares during the last quarter. Finally, Kennebec Savings Bank acquired a new stake in LKQ in the third quarter worth $57,000. 95.63% of the stock is currently owned by institutional investors.

Insider Transactions at LKQ

In other LKQ news, Director Dominick P. Zarcone sold 5,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $36.84, for a total transaction of $184,200.00. Following the sale, the director now owns 374,462 shares in the company, valued at approximately $13,795,180.08. The trade was a 1.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.45% of the company’s stock.

LKQ Stock Up 0.2 %

LKQ stock opened at $38.46 on Friday. The company’s 50-day moving average price is $37.80 and its two-hundred day moving average price is $39.43. The stock has a market cap of $10.00 billion, a price-to-earnings ratio of 14.35 and a beta of 1.30. LKQ Co. has a 52 week low of $35.56 and a 52 week high of $53.68. The company has a current ratio of 1.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.69.

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

LKQ Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.12%. LKQ’s dividend payout ratio (DPR) is presently 44.78%.

Analysts Set New Price Targets

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

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.