LKQ Co. (NASDAQ:LKQ) Shares Sold by Fulton Bank N.A.

Fulton Bank N.A. lowered its stake in LKQ Co. (NASDAQ:LKQ) by 4.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 65,736 shares of the auto parts company’s stock after selling 3,134 shares during the period. Fulton Bank N.A.’s holdings in LKQ were worth $2,416,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Nordea Investment Management AB lifted its position in LKQ by 11.0% during the 4th quarter. Nordea Investment Management AB now owns 8,406,444 shares of the auto parts company’s stock worth $309,609,000 after acquiring an additional 833,519 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of LKQ by 40.3% during the third quarter. Principal Financial Group Inc. now owns 1,418,725 shares of the auto parts company’s stock worth $56,631,000 after purchasing an additional 407,593 shares during the period. Franklin Resources Inc. boosted its position in LKQ by 9.2% in the third quarter. Franklin Resources Inc. now owns 519,232 shares of the auto parts company’s stock valued at $20,401,000 after buying an additional 43,541 shares during the last quarter. Synovus Financial Corp increased its holdings in LKQ by 11.6% in the 3rd quarter. Synovus Financial Corp now owns 15,235 shares of the auto parts company’s stock worth $608,000 after buying an additional 1,588 shares during the period. Finally, Tidal Investments LLC raised its position in LKQ by 3.0% during the 3rd quarter. Tidal Investments LLC now owns 32,995 shares of the auto parts company’s stock worth $1,317,000 after buying an additional 947 shares during the last quarter. 95.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Dominick P. Zarcone sold 5,000 shares of the firm’s stock in a transaction dated 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 directly owns 374,462 shares of the company’s stock, valued at approximately $13,795,180.08. This trade represents a 1.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.55% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. StockNews.com raised shares of LKQ from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Stifel Nicolaus lowered their price target on shares of LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Barrington Research reaffirmed an “outperform” rating and set a $60.00 price target on shares of LKQ in a research report on Friday, October 25th. Roth Mkm reissued a “buy” rating and issued a $59.00 price objective on shares of LKQ in a report on Thursday, September 12th. Finally, Robert W. Baird dropped 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. Six investment 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 a consensus price target of $53.80.

LKQ Stock Performance

LKQ traded down $0.16 on Wednesday, reaching $36.33. The stock had a trading volume of 568,504 shares, compared to its average volume of 1,573,305. The business’s 50-day moving average price is $37.87 and its two-hundred day moving average price is $39.67. The company has a current ratio of 1.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.69. LKQ Co. has a 12-month low of $35.56 and a 12-month high of $53.68. The company has a market cap of $9.44 billion, a P/E ratio of 13.56 and a beta of 1.30.

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

LKQ Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were paid a $0.30 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 3.30%. LKQ’s dividend payout ratio is currently 44.78%.

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.