Procyon Advisors LLC Lowers Stock Holdings in LKQ Co. (NASDAQ:LKQ)

Procyon Advisors LLC reduced its holdings in LKQ Co. (NASDAQ:LKQ) by 5.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,772 shares of the auto parts company’s stock after selling 752 shares during the quarter. Procyon Advisors LLC’s holdings in LKQ were worth $469,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in LKQ. Envestnet Asset Management Inc. lifted its holdings in shares of LKQ by 3.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 784,301 shares of the auto parts company’s stock worth $32,619,000 after acquiring an additional 26,198 shares during the period. Amalgamated Bank raised its stake in LKQ by 19.6% during the second quarter. Amalgamated Bank now owns 86,588 shares of the auto parts company’s stock worth $3,601,000 after purchasing an additional 14,164 shares during the period. Blair William & Co. IL boosted its holdings in shares of LKQ by 75.8% in the 2nd quarter. Blair William & Co. IL now owns 7,322 shares of the auto parts company’s stock valued at $305,000 after purchasing an additional 3,156 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of LKQ during the 2nd quarter valued at $237,000. Finally, MQS Management LLC acquired a new stake in shares of LKQ during the 2nd quarter worth $268,000. 95.63% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Robert W. Baird reduced their target price on LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Barrington Research reaffirmed an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a research note on Friday, October 25th. StockNews.com raised shares of LKQ from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Finally, Stifel Nicolaus reduced their price target on shares of LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $53.80.

LKQ Stock Up 0.2 %

NASDAQ LKQ opened at $38.46 on Friday. The company has a quick ratio of 0.67, a current ratio of 1.72 and a debt-to-equity ratio of 0.69. LKQ Co. has a fifty-two week low of $35.56 and a fifty-two week high of $53.68. The business has a 50 day moving average price of $37.80 and a two-hundred day moving average price of $39.43. The stock has a market cap of $10.00 billion, a PE ratio of 14.35 and a beta of 1.30.

LKQ (NASDAQ:LKQ) last released its quarterly earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.01. LKQ had a net margin of 4.90% and a return on equity of 15.15%. The business had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.65 billion. During the same period last year, the business earned $0.86 EPS. The business’s revenue was up .4% on a year-over-year basis. As a group, sell-side analysts predict that LKQ Co. will post 3.43 EPS for the current fiscal year.

LKQ Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date was Thursday, November 14th. LKQ’s dividend payout ratio is currently 44.78%.

Insider Buying and Selling at LKQ

In related news, Director Dominick P. Zarcone sold 5,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $36.84, for a total value of $184,200.00. Following the sale, the director now directly owns 374,462 shares of the company’s stock, valued at $13,795,180.08. This represents a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.45% 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.