LKQ Co. (NASDAQ:LKQ) Shares Sold by Sienna Gestion

Sienna Gestion trimmed its stake in shares of LKQ Co. (NASDAQ:LKQ) by 94.3% in the 4th quarter, HoldingsChannel reports. The firm owned 8,334 shares of the auto parts company’s stock after selling 138,517 shares during the quarter. Sienna Gestion’s holdings in LKQ were worth $306,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Cromwell Holdings LLC lifted its stake in LKQ by 81.0% in the 4th 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. Private Trust Co. NA increased its position in LKQ by 31.2% in the 3rd quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company’s stock worth $50,000 after purchasing an additional 299 shares during the last quarter. CENTRAL TRUST Co increased its position in LKQ by 618.0% in the 4th quarter. CENTRAL TRUST Co now owns 1,673 shares of the auto parts company’s stock worth $61,000 after purchasing an additional 1,440 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in LKQ in the 3rd quarter worth about $81,000. Finally, Allworth Financial LP increased its position in LKQ by 107.8% in the 4th quarter. Allworth Financial LP now owns 2,099 shares of the auto parts company’s stock worth $82,000 after purchasing an additional 1,089 shares during the last quarter. 95.63% of the stock is owned by hedge funds and other institutional investors.

LKQ Price Performance

Shares of NASDAQ:LKQ opened at $41.28 on Friday. The business has a 50 day moving average price of $39.09 and a 200 day moving average price of $38.95. LKQ Co. has a twelve month low of $35.56 and a twelve month high of $53.68. The company has a market cap of $10.70 billion, a price-to-earnings ratio of 15.76 and a beta of 1.27. 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 (NASDAQ:LKQ) last announced its quarterly earnings data on Thursday, February 20th. The auto parts company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.04. LKQ had a return on equity of 14.93% and a net margin of 4.81%. The company had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.42 billion. Research analysts predict that LKQ Co. will post 3.57 earnings per share for the current year.

LKQ Announces Dividend

The company 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 of this dividend is Thursday, March 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.91%. LKQ’s dividend payout ratio is currently 45.80%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. StockNews.com lowered LKQ from a “buy” rating to a “hold” rating in a research report on Saturday, March 1st. JPMorgan Chase & Co. upped their target price on LKQ from $48.00 to $49.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Finally, Barrington Research reissued an “outperform” rating and set a $60.00 price objective on shares of LKQ in a report on Thursday, February 20th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, LKQ has a consensus rating of “Moderate Buy” and a consensus price target of $52.60.

Insiders Place Their Bets

In related news, Director Dominick P. Zarcone sold 5,000 shares of the firm’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 transaction of $180,700.00. Following the completion of the transaction, the director now owns 369,462 shares in the company, valued at $13,352,356.68. This trade represents a 1.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last quarter, insiders sold 35,000 shares of company stock worth $1,416,300. 0.45% of the stock is currently owned by company insiders.

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.