Zurcher Kantonalbank Zurich Cantonalbank Trims Holdings in LKQ Co. (NASDAQ:LKQ)

Zurcher Kantonalbank Zurich Cantonalbank decreased its holdings in LKQ Co. (NASDAQ:LKQ) by 28.5% in the 4th quarter, Holdings Channel reports. The firm owned 332,441 shares of the auto parts company’s stock after selling 132,307 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in LKQ were worth $12,217,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the company. Cromwell Holdings LLC grew its stake in shares of LKQ by 81.0% during 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 during the period. Private Trust Co. NA boosted its stake in shares of 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 purchasing an additional 299 shares during the last quarter. CENTRAL TRUST Co boosted its stake in shares of LKQ by 618.0% during the 4th quarter. CENTRAL TRUST Co now owns 1,673 shares of the auto parts company’s stock worth $61,000 after purchasing an additional 1,440 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of LKQ during the 3rd quarter worth about $81,000. Finally, Allworth Financial LP lifted its holdings in shares of LKQ by 107.8% during the 4th quarter. Allworth Financial LP now owns 2,099 shares of the auto parts company’s stock worth $82,000 after acquiring an additional 1,089 shares during the period. Hedge funds and other institutional investors own 95.63% of the company’s stock.

Insider Activity

In other news, Director Dominick P. Zarcone sold 15,000 shares of LKQ stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $42.32, for a total transaction of $634,800.00. Following the sale, the director now owns 336,135 shares in the company, valued at $14,225,233.20. This trade represents a 4.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold 35,000 shares of company stock worth $1,416,300 over the last 90 days. Company insiders own 0.45% of the company’s stock.

LKQ Trading Down 1.5 %

NASDAQ LKQ opened at $42.54 on Thursday. LKQ Co. has a one year low of $35.56 and a one year high of $53.68. The company’s 50 day moving average price is $38.98 and its 200 day moving average price is $38.92. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.67 and a current ratio of 1.71. The firm has a market capitalization of $11.02 billion, a price-to-earnings ratio of 16.24 and a beta of 1.27.

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, beating analysts’ consensus estimates of $0.76 by $0.04. The company had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.42 billion. LKQ had a net margin of 4.81% and a return on equity of 14.93%. On average, sell-side analysts predict that LKQ Co. will post 3.57 EPS for the current year.

LKQ Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be paid 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 dividend yield of 2.82%. LKQ’s dividend payout ratio is currently 45.80%.

Wall Street Analyst Weigh In

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