LKQ Co. (NASDAQ:LKQ) Shares Sold by CIBC Asset Management Inc

CIBC Asset Management Inc lessened its stake in LKQ Co. (NASDAQ:LKQ) by 4.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 43,083 shares of the auto parts company’s stock after selling 1,986 shares during the quarter. CIBC Asset Management Inc’s holdings in LKQ were worth $1,583,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Catalyst Capital Advisors LLC purchased a new stake in LKQ in the 3rd quarter worth approximately $25,000. Allworth Financial LP lifted its stake in shares of LKQ by 94.2% in the 3rd quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company’s stock valued at $40,000 after purchasing an additional 490 shares during the period. Private Trust Co. NA boosted its holdings in LKQ by 31.2% during the third quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company’s stock worth $50,000 after buying an additional 299 shares in the last quarter. Kennebec Savings Bank acquired a new stake in LKQ during the third quarter valued at $57,000. Finally, CENTRAL TRUST Co increased its holdings in 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 in the last quarter. 95.63% of the stock is owned by institutional investors and hedge funds.

Insider Activity at LKQ

In other LKQ news, Director Dominick P. Zarcone sold 5,000 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $36.14, for a total value of $180,700.00. Following the completion of the sale, the director now directly owns 369,462 shares in the company, valued at $13,352,356.68. This represents a 1.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last quarter, insiders sold 20,000 shares of company stock valued at $781,500. Corporate insiders own 0.55% of the company’s stock.

LKQ Price Performance

NASDAQ:LKQ opened at $40.49 on Friday. The firm has a market cap of $10.53 billion, a P/E ratio of 15.11 and a beta of 1.29. The stock has a 50 day moving average of $37.63 and a two-hundred day moving average of $38.76. LKQ Co. has a 12 month low of $35.56 and a 12 month high of $53.68. The company has a current ratio of 1.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.69.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings results on Thursday, February 20th. The auto parts company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.76 by $0.04. LKQ had a return on equity of 15.15% and a net margin of 4.90%. The firm had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.42 billion. On average, analysts expect that LKQ Co. will post 3.43 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Thursday, March 13th. This represents a $1.20 dividend on an annualized basis and a yield of 2.96%. LKQ’s payout ratio is presently 44.78%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on LKQ. Robert W. Baird lowered their target price on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Barrington Research reiterated an “outperform” rating and set a $60.00 price target on shares of LKQ in a research report on Thursday. JPMorgan Chase & Co. raised their price objective on LKQ from $48.00 to $49.00 and gave the company an “overweight” rating in a report on Friday. StockNews.com downgraded LKQ from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Stifel Nicolaus dropped their price target on shares of LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, LKQ presently has an average rating of “Moderate Buy” and a consensus price target of $52.60.

About LKQ

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.