Mercer Global Advisors Inc. ADV Sells 22,028 Shares of LKQ Co. (NASDAQ:LKQ)

Mercer Global Advisors Inc. ADV cut its holdings in LKQ Co. (NASDAQ:LKQ) by 36.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 38,494 shares of the auto parts company’s stock after selling 22,028 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in LKQ were worth $1,415,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in LKQ. Geode Capital Management LLC lifted its holdings in shares of LKQ by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 6,591,553 shares of the auto parts company’s stock worth $241,643,000 after buying an additional 48,813 shares during the last quarter. Invesco Ltd. boosted its holdings in LKQ by 26.6% in the 4th quarter. Invesco Ltd. now owns 5,571,136 shares of the auto parts company’s stock valued at $204,739,000 after purchasing an additional 1,171,481 shares during the period. Dimensional Fund Advisors LP grew its position in LKQ by 25.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,231,940 shares of the auto parts company’s stock worth $192,268,000 after purchasing an additional 1,053,001 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new position in shares of LKQ during the 4th quarter worth about $165,548,000. Finally, Norges Bank acquired a new position in shares of LKQ during the fourth quarter valued at about $119,395,000. Institutional investors and hedge funds own 95.63% of the company’s stock.

Insider Buying and Selling at LKQ

In other LKQ news, Director Dominick P. Zarcone sold 15,000 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $42.32, for a total transaction of $634,800.00. Following the completion of the sale, the director now owns 336,135 shares in the company, valued at approximately $14,225,233.20. The trade was a 4.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Justin L. Jude acquired 2,708 shares of the firm’s stock in a transaction that occurred on Friday, April 25th. The shares were bought at an average cost of $36.99 per share, with a total value of $100,168.92. Following the completion of the purchase, the chief executive officer now owns 280,777 shares of the company’s stock, valued at $10,385,941.23. This trade represents a 0.97 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 45,000 shares of company stock worth $1,873,750. 0.55% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

LKQ has been the subject of several recent research reports. Barrington Research reaffirmed an “outperform” rating and issued a $60.00 price target on shares of LKQ in a report on Monday, April 21st. StockNews.com cut LKQ from a “buy” rating to a “hold” rating in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. boosted their price target on shares of LKQ from $48.00 to $49.00 and gave the company an “overweight” rating in a report on Friday, February 21st. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $52.60.

LKQ Stock Up 1.6 %

LKQ opened at $40.02 on Friday. LKQ Co. has a twelve month low of $35.56 and a twelve month high of $46.64. The firm has a market cap of $10.33 billion, a price-to-earnings ratio of 15.27 and a beta of 0.98. The firm’s 50-day simple moving average is $40.99 and its 200-day simple moving average is $39.16. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.67 and a current ratio of 1.71.

LKQ (NASDAQ:LKQ) last posted its earnings results on Thursday, April 24th. The auto parts company reported $0.79 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.79. The company had revenue of $3.46 billion during the quarter, compared to analysts’ expectations of $3.58 billion. LKQ had a net margin of 4.81% and a return on equity of 14.93%. LKQ’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.82 earnings per share. Equities research analysts anticipate that LKQ Co. will post 3.57 EPS for the current fiscal year.

LKQ Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date is Thursday, May 15th. 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.