Sanctuary Advisors LLC Buys 4,567 Shares of LKQ Co. (NASDAQ:LKQ)

Sanctuary Advisors LLC raised its stake in LKQ Co. (NASDAQ:LKQ) by 13.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,292 shares of the auto parts company’s stock after purchasing an additional 4,567 shares during the period. Sanctuary Advisors LLC’s holdings in LKQ were worth $1,464,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in LKQ. OLD Second National Bank of Aurora increased its position in LKQ by 0.7% in the 4th quarter. OLD Second National Bank of Aurora now owns 44,169 shares of the auto parts company’s stock valued at $1,623,000 after buying an additional 287 shares in the last quarter. Private Trust Co. NA grew its stake in LKQ by 31.2% in the third quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company’s stock valued at $50,000 after acquiring an additional 299 shares during the period. Asset Management One Co. Ltd. increased its holdings in shares of LKQ by 0.3% during the third quarter. Asset Management One Co. Ltd. now owns 103,156 shares of the auto parts company’s stock valued at $4,118,000 after acquiring an additional 306 shares in the last quarter. Exchange Traded Concepts LLC raised its position in shares of LKQ by 9.3% during the fourth quarter. Exchange Traded Concepts LLC now owns 4,841 shares of the auto parts company’s stock worth $178,000 after purchasing an additional 412 shares during the period. Finally, Van ECK Associates Corp lifted its holdings in shares of LKQ by 7.0% in the 3rd quarter. Van ECK Associates Corp now owns 7,372 shares of the auto parts company’s stock worth $279,000 after purchasing an additional 485 shares in the last quarter. Institutional investors and hedge funds own 95.63% of the company’s stock.

Insider Buying and Selling at LKQ

In related news, Director Dominick P. Zarcone sold 5,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 369,462 shares in the company, valued at approximately $13,352,356.68. This represents a 1.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 20,000 shares of company stock worth $781,500 in the last quarter. 0.55% of the stock is currently owned by company insiders.

LKQ Stock Performance

Shares of LKQ stock opened at $41.25 on Tuesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.71 and a quick ratio of 0.67. The firm has a 50-day moving average of $37.71 and a 200-day moving average of $38.77. LKQ Co. has a one year low of $35.56 and a one year high of $53.68. The company has a market cap of $10.72 billion, a P/E ratio of 15.74 and a beta of 1.29.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings data on Thursday, February 20th. The auto parts company reported $0.80 EPS 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 firm had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.42 billion. Equities research analysts forecast that LKQ Co. will post 3.57 EPS for the current fiscal year.

LKQ Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be given a $0.30 dividend. The ex-dividend date is Thursday, March 13th. This represents a $1.20 annualized dividend and a yield of 2.91%. LKQ’s dividend payout ratio is currently 45.80%.

Analyst Upgrades and Downgrades

LKQ has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price target on shares of LKQ from $48.00 to $49.00 and gave the company an “overweight” rating in a research note on Friday. 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. Finally, StockNews.com cut shares of LKQ from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. One equities 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, the company has a consensus rating of “Moderate Buy” and an average target price of $52.60.

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.