Xponance Inc. Has $1.71 Million Stake in LKQ Co. (NASDAQ:LKQ)

Xponance Inc. decreased its position in shares of LKQ Co. (NASDAQ:LKQ) by 6.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,669 shares of the auto parts company’s stock after selling 2,648 shares during the period. Xponance Inc.’s holdings in LKQ were worth $1,705,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. CWM LLC increased its holdings in shares of LKQ by 13.1% during the 3rd quarter. CWM LLC now owns 6,581 shares of the auto parts company’s stock worth $326,000 after purchasing an additional 762 shares during the period. Ronald Blue Trust Inc. increased its holdings in shares of LKQ by 90.7% during the 3rd quarter. Ronald Blue Trust Inc. now owns 843 shares of the auto parts company’s stock worth $42,000 after purchasing an additional 401 shares during the period. Hartford Investment Management Co. increased its holdings in shares of LKQ by 2.1% during the 3rd quarter. Hartford Investment Management Co. now owns 18,429 shares of the auto parts company’s stock worth $912,000 after purchasing an additional 376 shares during the period. State of Alaska Department of Revenue increased its holdings in shares of LKQ by 0.8% during the 3rd quarter. State of Alaska Department of Revenue now owns 81,945 shares of the auto parts company’s stock worth $4,056,000 after purchasing an additional 615 shares during the period. Finally, GHP Investment Advisors Inc. increased its holdings in shares of LKQ by 3.1% during the 3rd quarter. GHP Investment Advisors Inc. now owns 75,258 shares of the auto parts company’s stock worth $3,765,000 after purchasing an additional 2,241 shares during the period. Institutional investors and hedge funds own 95.63% of the company’s stock.

Insider Transactions at LKQ

In other news, CEO Dominick P. Zarcone sold 200,000 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $51.97, for a total transaction of $10,394,000.00. Following the sale, the chief executive officer now directly owns 386,522 shares of the company’s stock, valued at $20,087,548.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.45% of the company’s stock.

LKQ Stock Performance

NASDAQ LKQ opened at $41.65 on Wednesday. The firm has a market cap of $11.11 billion, a price-to-earnings ratio of 11.90 and a beta of 1.28. The company has a 50 day moving average of $51.21 and a 200-day moving average of $48.36. The company has a current ratio of 1.47, a quick ratio of 0.53 and a debt-to-equity ratio of 0.59. LKQ Co. has a 1-year low of $41.46 and a 1-year high of $59.38.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings data on Tuesday, April 23rd. The auto parts company reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.13). The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.76 billion. LKQ had a return on equity of 17.24% and a net margin of 6.75%. The business’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.04 EPS. On average, equities analysts forecast that LKQ Co. will post 4.07 earnings per share for the current fiscal year.

LKQ Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.88%. LKQ’s payout ratio is 34.29%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on LKQ. Barrington Research restated an “outperform” rating and set a $60.00 price objective on shares of LKQ in a report on Friday, April 19th. Roth Mkm reissued a “buy” rating and issued a $65.00 price target on shares of LKQ in a research report on Tuesday. StockNews.com lowered shares of LKQ from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. Stifel Nicolaus reissued a “buy” rating and issued a $66.00 price target on shares of LKQ in a research report on Tuesday, April 9th. Finally, JPMorgan Chase & Co. dropped their price target on shares of LKQ from $65.00 to $63.00 and set an “overweight” rating for the company in a research report on Thursday, January 25th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $63.80.

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.