Jones Financial Companies Lllp Has $209,000 Stake in LKQ Co. (NASDAQ:LKQ)

Jones Financial Companies Lllp grew its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 73.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,685 shares of the auto parts company’s stock after acquiring an additional 2,413 shares during the quarter. Jones Financial Companies Lllp’s holdings in LKQ were worth $209,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Cromwell Holdings LLC increased its stake in shares of LKQ by 81.0% in the fourth quarter. Cromwell Holdings LLC now owns 742 shares of the auto parts company’s stock valued at $27,000 after buying an additional 332 shares during the period. Private Trust Co. NA increased its stake in shares of LKQ by 31.2% in the third quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company’s stock valued at $50,000 after buying an additional 299 shares during the period. CENTRAL TRUST Co increased its stake in shares of LKQ by 618.0% in the fourth quarter. CENTRAL TRUST Co now owns 1,673 shares of the auto parts company’s stock valued at $61,000 after buying an additional 1,440 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of LKQ in the third quarter valued at approximately $81,000. Finally, Allworth Financial LP increased its stake in shares of LKQ by 107.8% in the fourth quarter. Allworth Financial LP now owns 2,099 shares of the auto parts company’s stock valued at $82,000 after buying an additional 1,089 shares during the period. Institutional investors and hedge funds own 95.63% of the company’s stock.

Analyst Upgrades and Downgrades

LKQ has been the subject of several recent research reports. StockNews.com downgraded LKQ from a “buy” rating to a “hold” rating in a research note on Saturday, March 1st. Barrington Research reaffirmed an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a research note on Thursday, February 20th. Finally, JPMorgan Chase & Co. upped their price objective on LKQ from $48.00 to $49.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $52.60.

Insiders Place Their Bets

In other LKQ news, Director Dominick P. Zarcone sold 15,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $42.32, for a total transaction of $634,800.00. Following the transaction, the director now directly owns 336,135 shares in the company, valued at approximately $14,225,233.20. This represents a 4.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders have sold 35,000 shares of company stock worth $1,416,300. Corporate insiders own 0.45% of the company’s stock.

LKQ Stock Performance

Shares of LKQ stock opened at $41.28 on Friday. The business’s 50 day simple moving average is $39.09 and its 200 day simple moving average is $38.95. LKQ Co. has a one year low of $35.56 and a one year high of $53.68. The stock has a market capitalization of $10.70 billion, a PE ratio of 15.76 and a beta of 1.27. 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 announced 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 return on equity of 14.93% and a net margin of 4.81%. The business had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.42 billion. As a group, research analysts forecast that LKQ Co. will post 3.57 earnings per share for the current year.

LKQ Dividend Announcement

The firm 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 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date is Thursday, March 13th. LKQ’s payout ratio is 45.80%.

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.