Hancock Whitney Corp Has $291,000 Stock Position in LKQ Co. (NASDAQ:LKQ)

Hancock Whitney Corp lessened its holdings in LKQ Co. (NASDAQ:LKQ) by 58.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,928 shares of the auto parts company’s stock after selling 11,299 shares during the period. Hancock Whitney Corp’s holdings in LKQ were worth $291,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of LKQ. Cromwell Holdings LLC raised its position in shares of LKQ by 81.0% in 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 period. CENTRAL TRUST Co boosted its holdings in LKQ by 618.0% during the fourth quarter. CENTRAL TRUST Co now owns 1,673 shares of the auto parts company’s stock valued at $61,000 after acquiring an additional 1,440 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of LKQ in the third quarter valued at about $81,000. Allworth Financial LP increased its stake in shares of LKQ by 107.8% in the fourth quarter. Allworth Financial LP now owns 2,099 shares of the auto parts company’s stock worth $82,000 after purchasing an additional 1,089 shares during the period. Finally, Blue Trust Inc. lifted its position in shares of LKQ by 25.9% during the 4th quarter. Blue Trust Inc. now owns 2,847 shares of the auto parts company’s stock worth $105,000 after purchasing an additional 585 shares during the last quarter. 95.63% of the stock is currently owned by institutional investors.

LKQ Stock Performance

Shares of NASDAQ LKQ opened at $37.41 on Monday. LKQ Co. has a one year low of $35.56 and a one year high of $46.64. The company has a current ratio of 1.71, a quick ratio of 0.67 and a debt-to-equity ratio of 0.68. The business has a fifty day simple moving average of $41.46 and a 200 day simple moving average of $39.18. The firm has a market capitalization of $9.67 billion, a price-to-earnings ratio of 14.28 and a beta of 1.09.

LKQ (NASDAQ:LKQ) last released its quarterly earnings data on Thursday, April 24th. The auto parts company reported $0.79 EPS for the quarter, hitting analysts’ consensus estimates of $0.79. The company had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.58 billion. LKQ had a net margin of 4.81% and a return on equity of 14.93%. Sell-side analysts expect that LKQ Co. will post 3.57 EPS for the current year.

LKQ Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th will be paid a $0.30 dividend. The ex-dividend date is Thursday, May 15th. This represents a $1.20 annualized dividend and a dividend yield of 3.21%. LKQ’s dividend payout ratio is currently 44.78%.

Wall Street Analysts Forecast Growth

LKQ has been the topic of several recent analyst reports. StockNews.com downgraded LKQ from a “buy” rating to a “hold” rating in a research report on Friday. Barrington Research reaffirmed an “outperform” rating and set a $60.00 target price on shares of LKQ in a research report on Monday, April 21st. Finally, JPMorgan Chase & Co. raised 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, February 21st. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, LKQ presently has a consensus rating of “Moderate Buy” and an average price target of $52.60.

Insider Transactions at LKQ

In related news, Director Dominick P. Zarcone sold 5,000 shares of LKQ stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $36.14, for a total transaction of $180,700.00. Following the completion of the transaction, the director now directly owns 369,462 shares of the company’s stock, valued at $13,352,356.68. This trade represents a 1.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Justin L. Jude acquired 2,708 shares of the firm’s stock in a transaction on Friday, April 25th. The shares were purchased at an average cost of $36.99 per share, for a total transaction of $100,168.92. Following the completion of the purchase, the chief executive officer now directly owns 280,777 shares of the company’s stock, valued at approximately $10,385,941.23. The trade was a 0.97 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 45,000 shares of company stock valued at $1,864,350. 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.