US Bancorp DE Boosts Stock Position in LKQ Co. (NASDAQ:LKQ)

US Bancorp DE lifted its position in shares of LKQ Co. (NASDAQ:LKQ) by 33.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,255 shares of the auto parts company’s stock after buying an additional 7,611 shares during the period. US Bancorp DE’s holdings in LKQ were worth $1,112,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of LKQ. Cromwell Holdings LLC grew its position in LKQ by 81.0% during the fourth quarter. Cromwell Holdings LLC now owns 742 shares of the auto parts company’s stock valued at $27,000 after acquiring an additional 332 shares during the last quarter. Private Trust Co. NA grew its holdings in LKQ by 31.2% in the 3rd quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company’s stock worth $50,000 after acquiring an additional 299 shares during the last quarter. Kennebec Savings Bank purchased a new position in shares of LKQ in the third quarter valued at about $57,000. CENTRAL TRUST Co grew its position in shares of LKQ by 618.0% in the 4th quarter. CENTRAL TRUST Co now owns 1,673 shares of the auto parts company’s stock worth $61,000 after buying an additional 1,440 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in LKQ during the 3rd quarter valued at $81,000. Institutional investors own 95.63% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on LKQ shares. Barrington Research reiterated an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a report on Thursday, February 20th. StockNews.com downgraded LKQ from a “buy” rating to a “hold” rating in a report on Saturday, March 1st. Finally, JPMorgan Chase & Co. increased their target price on LKQ from $48.00 to $49.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.60.

LKQ Price Performance

Shares of NASDAQ:LKQ opened at $43.38 on Monday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.67 and a current ratio of 1.71. The business has a 50-day simple moving average of $38.69 and a two-hundred day simple moving average of $38.90. LKQ Co. has a fifty-two week low of $35.56 and a fifty-two week high of $53.68. The firm has a market cap of $11.24 billion, a price-to-earnings ratio of 16.56 and a beta of 1.28.

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

LKQ Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.77%. The ex-dividend date is Thursday, March 13th. LKQ’s dividend payout ratio is currently 45.80%.

Insider Buying and Selling

In other LKQ news, Director Dominick P. Zarcone sold 5,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $36.14, for a total transaction of $180,700.00. Following the completion of the transaction, the director now owns 369,462 shares of the company’s stock, valued at $13,352,356.68. This represents a 1.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders sold 35,000 shares of company stock valued at $1,416,300. Company insiders own 0.55% of the company’s stock.

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.