Leeward Investments LLC MA Sells 7,198 Shares of LKQ Co. (NASDAQ:LKQ)

Leeward Investments LLC MA reduced its position in shares of LKQ Co. (NASDAQ:LKQ) by 2.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 246,621 shares of the auto parts company’s stock after selling 7,198 shares during the quarter. Leeward Investments LLC MA owned approximately 0.09% of LKQ worth $9,063,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC bought a new position in LKQ in the 3rd quarter worth $25,000. Cromwell Holdings LLC raised its holdings in LKQ by 81.0% in the 4th quarter. Cromwell Holdings LLC now owns 742 shares of the auto parts company’s stock worth $27,000 after purchasing an additional 332 shares in the last quarter. Allworth Financial LP raised its holdings in 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 in the last quarter. Private Trust Co. NA raised its holdings 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 worth $50,000 after purchasing an additional 299 shares in the last quarter. Finally, Kennebec Savings Bank bought a new position in LKQ in the 3rd quarter worth $57,000. 95.63% of the stock is currently owned by institutional investors.

LKQ Stock Down 3.0 %

NASDAQ:LKQ opened at $40.49 on Friday. The firm’s 50-day moving average price is $37.63 and its 200-day moving average price is $38.76. The company has a market capitalization of $10.53 billion, a PE ratio of 15.45 and a beta of 1.29. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.71 and a quick ratio of 0.67. LKQ Co. has a 1-year low of $35.56 and a 1-year high of $53.68.

LKQ (NASDAQ:LKQ) last released its 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 net margin of 4.81% and a return on equity of 14.93%. The firm had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.42 billion. On average, equities analysts predict that LKQ Co. will post 3.57 EPS for the current fiscal year.

LKQ Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.96%. The ex-dividend date of this dividend is Thursday, March 13th. LKQ’s dividend payout ratio (DPR) is 45.80%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on LKQ. JPMorgan Chase & Co. upped their price objective on shares of LKQ from $48.00 to $49.00 and gave the stock an “overweight” rating in a report on Friday. StockNews.com lowered shares of LKQ from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Barrington Research restated an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a report on Thursday. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $52.60.

Insider Activity at LKQ

In other news, Director Dominick P. Zarcone sold 5,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $36.14, for a total value of $180,700.00. Following the transaction, the director now owns 369,462 shares in the company, valued at $13,352,356.68. This represents a 1.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 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.