LKQ Co. (NASDAQ:LKQ) Shares Sold by Harbor Investment Advisory LLC

Harbor Investment Advisory LLC lowered its stake in LKQ Co. (NASDAQ:LKQ) by 4.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,465 shares of the auto parts company’s stock after selling 684 shares during the quarter. Harbor Investment Advisory LLC’s holdings in LKQ were worth $879,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of LKQ by 1.3% in the third quarter. Vanguard Group Inc. now owns 30,245,966 shares of the auto parts company’s stock valued at $1,497,478,000 after buying an additional 382,054 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of LKQ by 9.5% in the fourth quarter. Wellington Management Group LLP now owns 11,307,753 shares of the auto parts company’s stock valued at $540,398,000 after buying an additional 977,585 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of LKQ by 5.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 11,251,102 shares of the auto parts company’s stock valued at $537,690,000 after buying an additional 626,010 shares in the last quarter. Morgan Stanley boosted its holdings in LKQ by 13.7% in the third quarter. Morgan Stanley now owns 9,907,659 shares of the auto parts company’s stock valued at $490,528,000 after purchasing an additional 1,195,122 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in LKQ by 4.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 9,002,807 shares of the auto parts company’s stock valued at $430,244,000 after purchasing an additional 383,031 shares during the last quarter. Institutional investors and hedge funds own 95.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Roth Mkm reissued a “buy” rating and issued a $65.00 price target on shares of LKQ in a report on Tuesday, April 23rd. Robert W. Baird reduced their target price on LKQ from $58.00 to $54.00 and set an “outperform” rating on the stock in a report on Wednesday, April 24th. Stifel Nicolaus reaffirmed a “buy” rating and set a $66.00 target price on shares of LKQ in a report on Tuesday, April 9th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $60.00 target price on shares of LKQ in a report on Friday, April 19th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $61.60.

Insider Activity

In other news, Director Xavier Urbain sold 867 shares of LKQ stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $44.50, for a total transaction of $38,581.50. Following the transaction, the director now directly owns 15,606 shares in the company, valued at approximately $694,467. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.45% of the stock is owned by insiders.

LKQ Trading Up 0.7 %

Shares of NASDAQ LKQ opened at $41.97 on Tuesday. The company has a market cap of $11.20 billion, a price-to-earnings ratio of 13.63 and a beta of 1.29. LKQ Co. has a 12-month low of $39.72 and a 12-month high of $59.38. The company has a current ratio of 1.70, a quick ratio of 0.68 and a debt-to-equity ratio of 0.67. The stock’s 50 day simple moving average is $43.45 and its 200 day simple moving average is $47.27.

LKQ (NASDAQ:LKQ) last posted its earnings results on Tuesday, April 23rd. The auto parts company reported $0.82 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.13). LKQ had a net margin of 5.79% and a return on equity of 15.94%. The business had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.76 billion. During the same quarter in the prior year, the business earned $1.04 earnings per share. The firm’s revenue was up 10.6% compared to the same quarter last year. Equities research analysts expect that LKQ Co. will post 3.93 EPS for the current year.

LKQ Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.86%. The ex-dividend date was Wednesday, May 15th. LKQ’s dividend payout ratio (DPR) is presently 38.96%.

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.