Handelsbanken Fonder AB Has $14.31 Million Stake in LKQ Co. (NASDAQ:LKQ)

Handelsbanken Fonder AB decreased its position in LKQ Co. (NASDAQ:LKQ) by 29.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 299,490 shares of the auto parts company’s stock after selling 126,964 shares during the period. Handelsbanken Fonder AB owned about 0.11% of LKQ worth $14,313,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LKQ. OFI Invest Asset Management purchased a new stake in LKQ in the 3rd quarter worth approximately $26,000. CVA Family Office LLC purchased a new stake in LKQ in the 4th quarter worth approximately $26,000. Private Trust Co. NA lifted its position in LKQ by 228.4% in the 4th quarter. Private Trust Co. NA now owns 647 shares of the auto parts company’s stock worth $31,000 after buying an additional 450 shares in the last quarter. NBC Securities Inc. purchased a new stake in LKQ in the 3rd quarter worth approximately $34,000. Finally, Headinvest LLC purchased a new stake in LKQ in the 3rd quarter worth approximately $34,000. Institutional investors and hedge funds own 95.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on LKQ. JPMorgan Chase & Co. cut their target price on shares of LKQ from $65.00 to $63.00 and set an “overweight” rating for the company in a research report on Thursday, January 25th. Barrington Research restated an “outperform” rating and set a $60.00 price target on shares of LKQ in a report on Friday, April 19th. Roth Mkm restated a “buy” rating and set a $65.00 price target on shares of LKQ in a report on Tuesday. Stifel Nicolaus restated a “buy” rating and set a $66.00 price target on shares of LKQ in a report on Tuesday, April 9th. Finally, StockNews.com downgraded shares of LKQ from a “buy” rating to a “hold” rating in a report on Friday, February 23rd. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $63.80.

Insider Activity at LKQ

In related news, CEO Dominick P. Zarcone sold 200,000 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $51.97, for a total value of $10,394,000.00. Following the sale, the chief executive officer now owns 386,522 shares of the company’s stock, valued at $20,087,548.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.45% of the stock is currently owned by insiders.

LKQ Stock Performance

NASDAQ LKQ opened at $41.65 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.47 and a quick ratio of 0.53. The firm has a market capitalization of $11.11 billion, a price-to-earnings ratio of 11.90 and a beta of 1.28. The company’s fifty day moving average is $51.21 and its two-hundred day moving average is $48.36. LKQ Co. has a 52-week low of $41.46 and a 52-week high of $59.38.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings results on Tuesday, April 23rd. The auto parts company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.13). The company had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.76 billion. LKQ had a return on equity of 17.24% and a net margin of 6.75%. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.04 earnings per share. Equities research analysts forecast that LKQ Co. will post 4.07 EPS for the current year.

LKQ Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.88%. LKQ’s dividend payout ratio (DPR) is currently 34.29%.

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.