Mutual of America Capital Management LLC Sells 1,276 Shares of LKQ Co. (NASDAQ:LKQ)

Mutual of America Capital Management LLC lowered its position in LKQ Co. (NASDAQ:LKQ) by 3.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,159 shares of the auto parts company’s stock after selling 1,276 shares during the period. Mutual of America Capital Management LLC’s holdings in LKQ were worth $1,145,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of LKQ. Pacer Advisors Inc. grew its position in shares of LKQ by 112.9% during the 4th quarter. Pacer Advisors Inc. now owns 42,563 shares of the auto parts company’s stock valued at $1,564,000 after acquiring an additional 22,575 shares during the period. Nordea Investment Management AB lifted 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. Rehmann Capital Advisory Group bought a new stake in LKQ during the third quarter valued at about $634,000. Illinois Municipal Retirement Fund increased its position in LKQ by 58.8% in the fourth quarter. Illinois Municipal Retirement Fund now owns 268,031 shares of the auto parts company’s stock worth $9,850,000 after buying an additional 99,229 shares in the last quarter. Finally, Quantbot Technologies LP raised its stake in shares of LKQ by 27,310.6% in the third quarter. Quantbot Technologies LP now owns 64,415 shares of the auto parts company’s stock worth $2,571,000 after buying an additional 64,180 shares during the period. Hedge funds and other institutional investors own 95.63% of the company’s stock.

Insider Activity at LKQ

In related news, Director Dominick P. Zarcone sold 5,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $36.84, for a total value of $184,200.00. Following the sale, the director now owns 374,462 shares in the company, valued at approximately $13,795,180.08. The trade was a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last three months, insiders sold 35,000 shares of company stock valued at $1,416,300. Insiders own 0.55% of the company’s stock.

LKQ Trading Up 1.5 %

LKQ stock opened at $43.38 on Monday. LKQ Co. has a 1 year low of $35.56 and a 1 year high of $53.68. The firm’s 50 day moving average price is $38.69 and its 200-day moving average price is $38.90. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.71 and a quick ratio of 0.67. The stock has a market cap of $11.24 billion, a P/E ratio of 16.56 and a beta of 1.28.

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

LKQ Announces Dividend

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 $0.30 dividend. The ex-dividend date is Thursday, March 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.77%. LKQ’s dividend payout ratio is currently 45.80%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on LKQ shares. JPMorgan Chase & Co. upped their price target 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. Barrington Research reaffirmed an “outperform” rating and issued a $60.00 target price on shares of LKQ in a report on Thursday, February 20th. Finally, StockNews.com lowered LKQ from a “buy” rating to a “hold” rating in a research note on Saturday, March 1st. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $52.60.

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.