Wellington Management Group LLP Has $51.25 Million Stake in LKQ Co. (NASDAQ:LKQ)

Wellington Management Group LLP lessened its stake in shares of LKQ Co. (NASDAQ:LKQ) by 77.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,394,638 shares of the auto parts company’s stock after selling 4,855,178 shares during the period. Wellington Management Group LLP’s holdings in LKQ were worth $51,253,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. State Street Corp boosted its holdings in LKQ by 1.2% in the third quarter. State Street Corp now owns 11,449,166 shares of the auto parts company’s stock worth $457,051,000 after acquiring an additional 134,176 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of LKQ by 11.0% in the 4th quarter. Nordea Investment Management AB now owns 8,406,444 shares of the auto parts company’s stock worth $309,609,000 after purchasing an additional 833,519 shares in the last quarter. Geode Capital Management LLC grew its position in LKQ by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 6,542,740 shares of the auto parts company’s stock valued at $260,330,000 after purchasing an additional 21,161 shares during the period. Norges Bank bought a new stake in LKQ during the 4th quarter valued at $119,395,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in LKQ by 3.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,572,676 shares of the auto parts company’s stock worth $94,546,000 after buying an additional 84,244 shares during the last quarter. 95.63% of the stock is owned by institutional investors.

LKQ Stock Down 2.1 %

LKQ stock opened at $41.29 on Friday. LKQ Co. has a fifty-two week low of $35.56 and a fifty-two week high of $52.06. 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 firm’s 50-day simple moving average is $40.52 and its 200 day simple moving average is $39.04. The stock has a market cap of $10.68 billion, a PE ratio of 15.76 and a beta of 1.28.

LKQ (NASDAQ:LKQ) last announced its 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. The firm had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.42 billion. LKQ had a return on equity of 14.93% and a net margin of 4.81%. Research analysts predict that LKQ Co. will post 3.57 EPS for the current fiscal year.

LKQ Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend was Thursday, March 13th. LKQ’s dividend payout ratio is presently 45.80%.

Insider Transactions at LKQ

In related news, Director Dominick P. Zarcone sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $42.15, for a total transaction of $632,250.00. Following the completion of the sale, the director now owns 321,135 shares in the company, valued at approximately $13,535,840.25. This trade represents a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders have sold 45,000 shares of company stock worth $1,864,350 in the last ninety days. Company insiders own 0.55% of the company’s stock.

Analyst Ratings Changes

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

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.