Forvis Mazars Wealth Advisors LLC Sells 440 Shares of LKQ Co. (NASDAQ:LKQ)

Forvis Mazars Wealth Advisors LLC decreased its position in shares of LKQ Co. (NASDAQ:LKQ) by 0.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 94,268 shares of the auto parts company’s stock after selling 440 shares during the period. Forvis Mazars Wealth Advisors LLC’s holdings in LKQ were worth $3,464,000 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 LKQ. Massachusetts Financial Services Co. MA raised its position in shares of LKQ by 0.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 11,977,708 shares of the auto parts company’s stock valued at $478,150,000 after buying an additional 33,212 shares during the last quarter. State Street Corp raised its position in shares of LKQ by 1.2% during the third quarter. State Street Corp now owns 11,449,166 shares of the auto parts company’s stock valued at $457,051,000 after buying an additional 134,176 shares during the last quarter. Nordea Investment Management AB raised its position in shares of LKQ by 11.0% during the fourth quarter. Nordea Investment Management AB now owns 8,406,444 shares of the auto parts company’s stock valued at $309,609,000 after buying an additional 833,519 shares during the last quarter. Geode Capital Management LLC raised its position in shares of LKQ by 0.3% during the third quarter. Geode Capital Management LLC now owns 6,542,740 shares of the auto parts company’s stock valued at $260,330,000 after buying an additional 21,161 shares during the last quarter. Finally, FMR LLC raised its position in shares of LKQ by 7.3% during the third quarter. FMR LLC now owns 6,020,689 shares of the auto parts company’s stock valued at $240,346,000 after buying an additional 411,390 shares during the last quarter. Institutional investors and hedge funds own 95.63% of the company’s stock.

Insider Buying and Selling at LKQ

In other LKQ news, Director Dominick P. Zarcone sold 5,000 shares of the stock in a transaction 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 sale, the director now directly owns 369,462 shares in the company, valued at approximately $13,352,356.68. This trade represents a 1.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders have sold 20,000 shares of company stock valued at $781,500. 0.55% of the stock is currently owned by insiders.

LKQ Price Performance

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

LKQ (NASDAQ:LKQ) last released its quarterly earnings results on Thursday, February 20th. The auto parts company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.76 by $0.04. LKQ had a net margin of 4.81% and a return on equity of 14.93%. The business had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.42 billion. Sell-side analysts anticipate that LKQ Co. will post 3.57 earnings per share for the current fiscal year.

LKQ Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $1.20 dividend on an annualized basis and a yield of 2.96%. LKQ’s payout ratio is presently 45.80%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on LKQ. Barrington Research reissued an “outperform” rating and issued a $60.00 price target on shares of LKQ in a research report on Thursday. JPMorgan Chase & Co. increased their price target on shares of LKQ from $48.00 to $49.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, StockNews.com cut shares of LKQ from a “buy” rating to a “hold” rating in a research note on Thursday. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.