Peddock Capital Advisors LLC Has $834,000 Stock Holdings in LKQ Co. (NASDAQ:LKQ)

Peddock Capital Advisors LLC reduced its position in LKQ Co. (NASDAQ:LKQ) by 6.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 22,687 shares of the auto parts company’s stock after selling 1,614 shares during the period. Peddock Capital Advisors LLC’s holdings in LKQ were worth $834,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of LKQ. Erste Asset Management GmbH bought a new stake in shares of LKQ in the third quarter valued at about $45,733,000. Seizert Capital Partners LLC boosted its holdings in LKQ by 451.1% in the 3rd quarter. Seizert Capital Partners LLC now owns 1,327,664 shares of the auto parts company’s stock valued at $53,000,000 after purchasing an additional 1,086,758 shares during the period. Millennium Management LLC grew its position in shares of LKQ by 552.8% during the 2nd quarter. Millennium Management LLC now owns 1,236,158 shares of the auto parts company’s stock worth $51,412,000 after purchasing an additional 1,046,805 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of LKQ by 7.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 11,944,496 shares of the auto parts company’s stock worth $496,772,000 after purchasing an additional 875,420 shares during the period. Finally, Nordea Investment Management AB raised its position in shares of LKQ by 11.0% in the fourth quarter. Nordea Investment Management AB now owns 8,406,444 shares of the auto parts company’s stock valued at $309,609,000 after buying an additional 833,519 shares in the last quarter. Institutional investors and hedge funds own 95.63% of the company’s stock.

Insider Transactions at LKQ

In other LKQ news, Director Dominick P. Zarcone sold 5,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $36.84, for a total value of $184,200.00. Following the transaction, the director now owns 374,462 shares in the company, valued at approximately $13,795,180.08. This represents a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.55% of the company’s stock.

LKQ Price Performance

Shares of LKQ traded up $0.22 during mid-day trading on Monday, reaching $36.49. The company had a trading volume of 2,238,167 shares, compared to its average volume of 2,012,015. LKQ Co. has a 1-year low of $35.56 and a 1-year high of $53.68. The company’s 50 day simple moving average is $37.83 and its 200 day simple moving average is $39.56. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.72. The company has a market capitalization of $9.49 billion, a price-to-earnings ratio of 13.62 and a beta of 1.30.

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

LKQ Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were issued a dividend of $0.30 per share. The ex-dividend date was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 3.29%. LKQ’s payout ratio is currently 44.78%.

Wall Street Analyst Weigh In

LKQ has been the topic of a number of recent research reports. Stifel Nicolaus lowered their price objective on LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Barrington Research reaffirmed an “outperform” rating and issued a $60.00 price target on shares of LKQ in a research note on Friday, October 25th. Robert W. Baird reduced their price objective on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Finally, StockNews.com upgraded shares of LKQ from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, LKQ currently has an average rating of “Buy” and an average target price of $53.80.

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.