Versor Investments LP Sells 1,000 Shares of LKQ Co. (NASDAQ:LKQ)

Versor Investments LP reduced its position in LKQ Co. (NASDAQ:LKQ) by 8.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,300 shares of the auto parts company’s stock after selling 1,000 shares during the quarter. Versor Investments LP’s holdings in LKQ were worth $379,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in LKQ. Catalyst Capital Advisors LLC purchased a new stake in LKQ in the 3rd quarter worth about $25,000. Cromwell Holdings LLC lifted its holdings in LKQ by 81.0% during the fourth quarter. Cromwell Holdings LLC now owns 742 shares of the auto parts company’s stock valued at $27,000 after purchasing an additional 332 shares during the last quarter. Private Trust Co. NA boosted its position in LKQ by 31.2% during the third 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 period. Kennebec Savings Bank purchased a new position in shares of LKQ in the third quarter worth about $57,000. Finally, CENTRAL TRUST Co raised its position in shares of LKQ by 618.0% in the fourth quarter. CENTRAL TRUST Co now owns 1,673 shares of the auto parts company’s stock valued at $61,000 after purchasing an additional 1,440 shares during the period. 95.63% of the stock is currently owned by institutional investors.

Insider Activity at LKQ

In other news, Director Dominick P. Zarcone sold 5,000 shares of the 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 transaction, the director now owns 374,462 shares of the company’s stock, valued at $13,795,180.08. This represents a 1.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 20,000 shares of company stock valued at $781,500 over the last three months. 0.55% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on LKQ shares. JPMorgan Chase & Co. lifted their price objective on shares of LKQ from $48.00 to $49.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Barrington Research reiterated an “outperform” rating and issued a $60.00 price target on shares of LKQ in a research report on Thursday, February 20th. Finally, StockNews.com cut LKQ from a “buy” rating to a “hold” rating in a report on Saturday. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $52.60.

LKQ Stock Up 0.8 %

LKQ opened at $42.19 on Monday. The firm has a market capitalization of $10.93 billion, a P/E ratio of 16.10 and a beta of 1.29. LKQ Co. has a one year low of $35.56 and a one year high of $53.68. The company has a fifty day moving average price of $38.13 and a 200-day moving average price of $38.85. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.71 and a quick ratio of 0.67.

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

LKQ Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend is Thursday, March 13th. LKQ’s dividend payout ratio is currently 45.80%.

About LKQ

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.