Prudent Man Advisors LLC Has $424,000 Stake in LKQ Co. (NASDAQ:LKQ)

Prudent Man Advisors LLC decreased its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 3.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 11,532 shares of the auto parts company’s stock after selling 430 shares during the period. Prudent Man Advisors LLC’s holdings in LKQ were worth $424,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in LKQ. Catalyst Capital Advisors LLC bought a new stake in LKQ during the third quarter worth $25,000. Cromwell Holdings LLC raised 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 worth $27,000 after acquiring an additional 332 shares in the last quarter. Allworth Financial LP raised its position in LKQ by 94.2% during the third quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company’s stock worth $40,000 after acquiring an additional 490 shares in the last quarter. Private Trust Co. NA raised its position 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 acquiring an additional 299 shares in the last quarter. Finally, Kennebec Savings Bank bought a new stake in LKQ during the third quarter worth $57,000. Institutional investors and hedge funds own 95.63% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. 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. StockNews.com lowered shares of LKQ from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Barrington Research reissued an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a research report on Thursday, February 20th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $52.60.

LKQ Price Performance

Shares of LKQ opened at $42.19 on Friday. The firm has a market capitalization of $10.93 billion, a PE ratio of 16.10 and a beta of 1.29. The company’s 50-day moving average is $38.13 and its 200-day moving average is $38.85. LKQ Co. has a fifty-two week low of $35.56 and a fifty-two week high of $53.68. 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 issued its quarterly earnings data on Thursday, February 20th. The auto parts company reported $0.80 earnings per share 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 company had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.42 billion. Equities analysts forecast that LKQ Co. will post 3.57 EPS for the current year.

LKQ Announces Dividend

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. This represents a $1.20 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend is Thursday, March 13th. LKQ’s dividend payout ratio is 45.80%.

Insider Buying and Selling

In related news, Director Dominick P. Zarcone sold 10,000 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $41.66, for a total transaction of $416,600.00. Following the transaction, the director now directly owns 359,462 shares of the company’s stock, valued at approximately $14,975,186.92. This trade represents a 2.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders have sold 20,000 shares of company stock valued at $781,500. 0.55% of the stock is owned by company insiders.

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.