LKQ Co. (NASDAQ:LKQ) Position Trimmed by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its holdings in LKQ Co. (NASDAQ:LKQ) by 3.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 55,275 shares of the auto parts company’s stock after selling 2,033 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in LKQ were worth $2,031,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Quest Partners LLC lifted its holdings in LKQ by 479,800.0% in the third quarter. Quest Partners LLC now owns 4,799 shares of the auto parts company’s stock worth $192,000 after acquiring an additional 4,798 shares during the last quarter. Commerce Bank raised its position in shares of LKQ by 11.1% during the 3rd quarter. Commerce Bank now owns 18,599 shares of the auto parts company’s stock worth $742,000 after purchasing an additional 1,863 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of LKQ by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,488,432 shares of the auto parts company’s stock worth $99,338,000 after purchasing an additional 12,766 shares during the last quarter. Cerity Partners LLC boosted its position in LKQ by 15.8% during the 3rd quarter. Cerity Partners LLC now owns 20,178 shares of the auto parts company’s stock valued at $805,000 after purchasing an additional 2,759 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in LKQ during the 3rd quarter worth $2,089,000. 95.63% of the stock is owned by institutional investors and hedge funds.

LKQ Stock Performance

LKQ stock opened at $40.91 on Tuesday. The company has a 50-day simple moving average of $39.89 and a 200 day simple moving average of $38.91. The company has a market capitalization of $10.60 billion, a P/E ratio of 15.61 and a beta of 1.28. The company has a quick ratio of 0.67, a current ratio of 1.71 and a debt-to-equity ratio of 0.68. LKQ Co. has a fifty-two week low of $35.56 and a fifty-two week high of $53.68.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings results on Thursday, February 20th. The auto parts company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $3.42 billion. Sell-side analysts predict that LKQ Co. will post 3.57 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.93%. The ex-dividend date of this dividend is Thursday, March 13th. LKQ’s dividend payout ratio (DPR) is presently 45.80%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on LKQ shares. JPMorgan Chase & Co. raised their target price on LKQ from $48.00 to $49.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Barrington Research reissued an “outperform” rating and set a $60.00 target price on shares of LKQ in a research note on Thursday, February 20th. Finally, StockNews.com upgraded shares of LKQ from a “hold” rating to a “buy” rating in a research note on Thursday, March 20th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $52.60.

Insider Transactions at LKQ

In related news, Director Dominick P. Zarcone sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $42.32, for a total value of $634,800.00. Following the sale, the director now directly owns 336,135 shares in the company, valued at $14,225,233.20. The trade was a 4.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders have sold 35,000 shares of company stock valued at $1,416,300. Corporate 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.