Commonwealth Equity Services LLC Lowers Stock Position in LKQ Co. (NASDAQ:LKQ)

Commonwealth Equity Services LLC lowered its position in LKQ Co. (NASDAQ:LKQ – Get Rating) by 2.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,093 shares of the auto parts company’s stock after selling 451 shares during the period. Commonwealth Equity Services LLC’s holdings in LKQ were worth $1,180,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Covestor Ltd increased its holdings in LKQ by 81.1% during the first quarter. Covestor Ltd now owns 623 shares of the auto parts company’s stock worth $28,000 after buying an additional 279 shares during the last quarter. Front Row Advisors LLC lifted its stake in LKQ by 300.6% in the third quarter. Front Row Advisors LLC now owns 665 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 499 shares during the last quarter. Rockefeller Capital Management L.P. grew its holdings in LKQ by 1,874.6% during the third quarter. Rockefeller Capital Management L.P. now owns 1,402 shares of the auto parts company’s stock valued at $66,000 after purchasing an additional 1,331 shares during the period. Ronald Blue Trust Inc. increased its position in LKQ by 135.2% in the fourth quarter. Ronald Blue Trust Inc. now owns 1,936 shares of the auto parts company’s stock worth $91,000 after buying an additional 1,113 shares during the last quarter. Finally, AlphaCentric Advisors LLC purchased a new position in shares of LKQ during the 3rd quarter valued at $107,000. Hedge funds and other institutional investors own 93.55% of the company’s stock.

Insider Activity

In other news, Director John W. Mendel sold 1,290 shares of the business’s stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $57.11, for a total transaction of $73,671.90. Following the completion of the transaction, the director now directly owns 15,800 shares in the company, valued at approximately $902,338. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director John W. Mendel sold 1,000 shares of the company’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of $56.81, for a total value of $56,810.00. Following the completion of the transaction, the director now directly owns 14,203 shares in the company, valued at $806,872.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John W. Mendel sold 1,290 shares of the company’s stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $57.11, for a total transaction of $73,671.90. Following the completion of the transaction, the director now owns 15,800 shares of the company’s stock, valued at $902,338. The disclosure for this sale can be found here. Insiders sold 877,290 shares of company stock worth $50,781,232 in the last three months. Corporate insiders own 0.55% of the company’s stock.

Analyst Ratings Changes

LKQ has been the subject of several recent research reports. StockNews.com initiated coverage on LKQ in a report on Thursday. They issued a “strong-buy” rating for the company. Roth Capital reissued a “buy” rating on shares of LKQ in a report on Tuesday, February 21st.

LKQ Stock Down 1.6 %

LKQ stock opened at $55.76 on Friday. The company has a current ratio of 1.92, a quick ratio of 0.78 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $14.90 billion, a price-to-earnings ratio of 13.37 and a beta of 1.35. LKQ Co. has a 1-year low of $46.20 and a 1-year high of $59.33. The firm has a 50 day simple moving average of $55.88 and a 200 day simple moving average of $55.58.

LKQ (NASDAQ:LKQ – Get Rating) last posted its earnings results on Thursday, April 27th. The auto parts company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.08. The business had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.26 billion. LKQ had a return on equity of 19.24% and a net margin of 8.96%. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.00 EPS. On average, analysts predict that LKQ Co. will post 4.08 earnings per share for the current year.

LKQ Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Thursday, May 18th will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Wednesday, May 17th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.97%. LKQ’s dividend payout ratio (DPR) is currently 26.38%.

About LKQ

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LKQ Corp. is a distributor of vehicle products and its parts to repair, maintain, and accessorize automobiles. It operates through the following segments: Wholesale-North America, Europe and Specialty. The Wholesale-North America segment includes Glass and Self-Service segments. The company was founded by Donald F.