LKQ Co. (NASDAQ:LKQ) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. trimmed its holdings in shares of LKQ Co. (NASDAQ:LKQGet Rating) by 8.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,657,851 shares of the auto parts company’s stock after selling 404,603 shares during the quarter. Alliancebernstein L.P. owned approximately 1.60% of LKQ worth $279,611,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new stake in shares of LKQ during the fourth quarter worth approximately $371,441,000. Goldman Sachs Group Inc. increased its position in shares of LKQ by 241.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,352,601 shares of the auto parts company’s stock worth $201,256,000 after purchasing an additional 2,370,129 shares in the last quarter. Lazard Asset Management LLC increased its position in shares of LKQ by 18.4% during the fourth quarter. Lazard Asset Management LLC now owns 5,835,394 shares of the auto parts company’s stock worth $350,298,000 after purchasing an additional 907,640 shares in the last quarter. Hsbc Holdings PLC increased its position in shares of LKQ by 181.0% during the third quarter. Hsbc Holdings PLC now owns 1,164,147 shares of the auto parts company’s stock worth $58,786,000 after purchasing an additional 749,807 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of LKQ by 31.9% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,798,000 shares of the auto parts company’s stock worth $167,964,000 after purchasing an additional 675,976 shares in the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

LKQ stock opened at $52.34 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.88 and a quick ratio of 0.85. The firm has a market capitalization of $14.80 billion, a P/E ratio of 14.03 and a beta of 1.46. The business’s 50-day moving average is $48.43 and its two-hundred day moving average is $52.25. LKQ Co. has a 1 year low of $42.36 and a 1 year high of $60.43.

LKQ (NASDAQ:LKQGet Rating) last issued its earnings results on Thursday, April 28th. The auto parts company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.09. LKQ had a return on equity of 20.19% and a net margin of 8.28%. The business had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.29 billion. During the same quarter last year, the company earned $0.94 EPS. The business’s quarterly revenue was up 5.6% on a year-over-year basis. On average, analysts expect that LKQ Co. will post 3.95 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 2nd. Investors of record on Thursday, May 19th will be paid a dividend of $0.25 per share. The ex-dividend date is Wednesday, May 18th. This represents a $1.00 dividend on an annualized basis and a yield of 1.91%. LKQ’s dividend payout ratio is presently 26.81%.

Several brokerages have issued reports on LKQ. StockNews.com cut LKQ from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 19th. Raymond James dropped their target price on LKQ from $62.00 to $59.00 in a report on Monday, April 11th. Finally, Barrington Research upgraded LKQ from a “market perform” rating to an “outperform” rating in a report on Thursday, April 28th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $62.20.

In other LKQ news, Director Holdings L.P. Valueact sold 5,000,000 shares of LKQ stock in a transaction that occurred on Tuesday, May 17th. The stock was sold at an average price of $50.35, for a total value of $251,750,000.00. Following the transaction, the director now directly owns 12,552,751 shares in the company, valued at approximately $632,031,012.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Patrick Berard sold 702 shares of LKQ stock in a transaction that occurred on Tuesday, May 10th. The shares were sold at an average price of $49.72, for a total value of $34,903.44. Following the completion of the transaction, the director now owns 11,806 shares in the company, valued at $586,994.32. The disclosure for this sale can be found here. Company insiders own 0.47% of the company’s stock.

LKQ Company Profile (Get Rating)

LKQ Corporation distributes replacement parts, components, and systems used in the repair and maintenance of vehicles. It operates through three segments: North America, Europe, and Specialty. The company distributes bumper covers, automotive body panels, and lights, as well as automotive glass products, such as windshields; 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.

See Also

Institutional Ownership by Quarter for LKQ (NASDAQ:LKQ)

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