LKQ Co. (NASDAQ:LKQ) Position Decreased by New York Life Investment Management LLC

New York Life Investment Management LLC reduced its holdings in LKQ Co. (NASDAQ:LKQ) by 4.5% during the fourth quarter, Holdings Channel reports. The firm owned 61,544 shares of the auto parts company’s stock after selling 2,917 shares during the period. New York Life Investment Management LLC’s holdings in LKQ were worth $2,262,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Catalyst Capital Advisors LLC acquired a new position in shares of LKQ in the 3rd quarter valued at $25,000. Cromwell Holdings LLC lifted its stake 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 buying an additional 332 shares in the last quarter. Private Trust Co. NA boosted its holdings in shares of LKQ by 31.2% in the third quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company’s stock worth $50,000 after buying an additional 299 shares during the period. Kennebec Savings Bank acquired a new position in shares of LKQ in the third quarter worth about $57,000. Finally, CENTRAL TRUST Co increased 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 worth $61,000 after acquiring an additional 1,440 shares in the last quarter. 95.63% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

LKQ Trading Up 0.8 %

LKQ stock opened at $42.19 on Monday. LKQ Co. has a 12 month low of $35.56 and a 12 month high of $53.68. The company has a quick ratio of 0.67, a current ratio of 1.71 and a debt-to-equity ratio of 0.68. The stock has a market cap of $10.93 billion, a P/E ratio of 16.10 and a beta of 1.29. The company’s fifty day simple moving average is $38.13 and its 200-day simple moving average is $38.85.

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

LKQ Dividend Announcement

The firm also recently announced 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. This represents a $1.20 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date is Thursday, March 13th. LKQ’s dividend payout ratio (DPR) is presently 45.80%.

Insiders Place Their Bets

In other news, Director Dominick P. Zarcone sold 10,000 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $41.66, for a total transaction of $416,600.00. Following the completion of the sale, the director now owns 359,462 shares in the company, valued at approximately $14,975,186.92. This represents a 2.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders sold 20,000 shares of company stock valued at $781,500 over the last ninety days. Corporate insiders own 0.55% of the company’s stock.

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.