Securian Asset Management Inc. trimmed its holdings in shares of LKQ Co. (NASDAQ:LKQ – Get Rating) by 2.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,847 shares of the auto parts company’s stock after selling 541 shares during the quarter. Securian Asset Management Inc.’s holdings in LKQ were worth $1,113,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the business. Peddock Capital Advisors LLC increased its position in shares of LKQ by 4.1% during the fourth quarter. Peddock Capital Advisors LLC now owns 23,546 shares of the auto parts company’s stock worth $1,258,000 after purchasing an additional 934 shares in the last quarter. Forsta AP Fonden increased its position in shares of LKQ by 30.8% during the fourth quarter. Forsta AP Fonden now owns 155,000 shares of the auto parts company’s stock worth $8,279,000 after purchasing an additional 36,500 shares in the last quarter. Profund Advisors LLC acquired a new position in shares of LKQ during the fourth quarter worth $217,000. Bfsg LLC increased its position in shares of LKQ by 16.0% during the fourth quarter. Bfsg LLC now owns 11,503 shares of the auto parts company’s stock worth $614,000 after purchasing an additional 1,588 shares in the last quarter. Finally, Bank of Montreal Can increased its position in shares of LKQ by 13.7% during the fourth quarter. Bank of Montreal Can now owns 168,391 shares of the auto parts company’s stock worth $9,117,000 after purchasing an additional 20,283 shares in the last quarter. 93.55% of the stock is owned by hedge funds and other institutional investors.
LKQ Price Performance
NASDAQ:LKQ opened at $57.19 on Tuesday. LKQ Co. has a one year low of $46.20 and a one year high of $59.33. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.66 and a current ratio of 1.87. The firm has a market cap of $15.29 billion, a price-to-earnings ratio of 13.91 and a beta of 1.36. The firm’s fifty day moving average is $56.09 and its two-hundred day moving average is $54.94.
LKQ Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 30th. Shareholders of record on Thursday, March 16th were issued a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend was Wednesday, March 15th. LKQ’s payout ratio is 26.76%.
Insider Buying and Selling at LKQ
In other news, Director Holdings L.P. Valueact sold 383,088 shares of the stock in a transaction dated Friday, February 3rd. The shares were sold at an average price of $57.76, for a total transaction of $22,127,162.88. Following the sale, the director now directly owns 4,663,667 shares of the company’s stock, valued at approximately $269,373,405.92. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last three months, insiders have sold 3,700,295 shares of company stock valued at $211,735,266. 0.55% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the stock. Roth Capital reissued a “buy” rating on shares of LKQ in a report on Tuesday, February 21st. Raymond James boosted their price objective on shares of LKQ from $60.00 to $65.00 and gave the company an “outperform” rating in a report on Friday, January 13th. Finally, StockNews.com lowered shares of LKQ from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 13th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, LKQ has an average rating of “Buy” and an average target price of $67.00.
LKQ Company Profile
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.
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