LKQ Co. (NASDAQ:LKQ) Stock Holdings Decreased by Truist Financial Corp

Truist Financial Corp cut its stake in shares of LKQ Co. (NASDAQ:LKQ) by 6.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,728 shares of the auto parts company’s stock after selling 878 shares during the period. Truist Financial Corp’s holdings in LKQ were worth $468,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA grew its position in LKQ by 0.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 11,977,708 shares of the auto parts company’s stock valued at $478,150,000 after purchasing an additional 33,212 shares in the last quarter. State Street Corp grew its position in LKQ by 1.2% during the third quarter. State Street Corp now owns 11,449,166 shares of the auto parts company’s stock valued at $457,051,000 after purchasing an additional 134,176 shares in the last quarter. Nordea Investment Management AB grew its position in LKQ by 11.0% during 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 purchasing an additional 833,519 shares in the last quarter. Geode Capital Management LLC grew its position in LKQ by 0.3% during the third quarter. Geode Capital Management LLC now owns 6,542,740 shares of the auto parts company’s stock valued at $260,330,000 after purchasing an additional 21,161 shares in the last quarter. Finally, FMR LLC grew its position in LKQ by 7.3% in the third quarter. FMR LLC now owns 6,020,689 shares of the auto parts company’s stock worth $240,346,000 after acquiring an additional 411,390 shares in the last quarter. 95.63% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at LKQ

In related news, Director Dominick P. Zarcone sold 5,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $36.84, for a total transaction of $184,200.00. Following the completion of the sale, the director now directly owns 374,462 shares of the company’s stock, valued at $13,795,180.08. This trade represents a 1.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold 20,000 shares of company stock valued at $781,500 in the last ninety days. Insiders own 0.55% of the company’s stock.

Wall Street Analysts Forecast Growth

LKQ has been the subject of several recent research reports. Barrington Research reissued an “outperform” rating and issued a $60.00 target price on shares of LKQ in a research report on Thursday, February 20th. StockNews.com downgraded shares of LKQ from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, JPMorgan Chase & Co. boosted their target price on shares of LKQ from $48.00 to $49.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $52.60.

LKQ Price Performance

NASDAQ:LKQ opened at $42.00 on Tuesday. The stock has a market cap of $10.88 billion, a P/E ratio of 16.03 and a beta of 1.29. LKQ Co. has a one year low of $35.56 and a one year high of $53.68. The company has a fifty day moving average price of $38.13 and a 200 day moving average price of $38.85. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.71 and a quick ratio of 0.67.

LKQ (NASDAQ:LKQ) last released its earnings results on Thursday, February 20th. The auto parts company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.76 by $0.04. LKQ had a net margin of 4.81% and a return on equity of 14.93%. The firm had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.42 billion. Analysts anticipate that LKQ Co. will post 3.57 earnings per share for the current year.

LKQ Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend is Thursday, March 13th. LKQ’s dividend payout ratio (DPR) is currently 45.80%.

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.