Xponance Inc. Sells 2,648 Shares of LKQ Co. (NASDAQ:LKQ)

Xponance Inc. reduced its position in LKQ Co. (NASDAQ:LKQ) by 6.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 35,669 shares of the auto parts company’s stock after selling 2,648 shares during the quarter. Xponance Inc.’s holdings in LKQ were worth $1,705,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Jacobi Capital Management LLC boosted its stake in shares of LKQ by 1.4% in the 3rd quarter. Jacobi Capital Management LLC now owns 17,470 shares of the auto parts company’s stock valued at $865,000 after purchasing an additional 239 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of LKQ by 30.8% in the 4th quarter. Blue Trust Inc. now owns 1,103 shares of the auto parts company’s stock valued at $55,000 after purchasing an additional 260 shares during the last quarter. Coldstream Capital Management Inc. boosted its stake in shares of LKQ by 7.1% in the 3rd quarter. Coldstream Capital Management Inc. now owns 4,071 shares of the auto parts company’s stock valued at $202,000 after purchasing an additional 269 shares during the last quarter. Threadgill Financial LLC boosted its stake in shares of LKQ by 1.1% in the 4th quarter. Threadgill Financial LLC now owns 26,650 shares of the auto parts company’s stock valued at $1,274,000 after purchasing an additional 277 shares during the last quarter. Finally, Column Capital Advisors LLC boosted its stake in LKQ by 16.7% during the third quarter. Column Capital Advisors LLC now owns 2,179 shares of the auto parts company’s stock worth $108,000 after acquiring an additional 312 shares in the last quarter. 95.63% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on LKQ shares. StockNews.com lowered shares of LKQ from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd. Barrington Research reissued an “outperform” rating and set a $60.00 target price on shares of LKQ in a research note on Friday, April 19th. Roth Mkm reissued a “buy” rating and set a $65.00 target price on shares of LKQ in a research note on Tuesday. Stifel Nicolaus reissued a “buy” rating and set a $66.00 target price on shares of LKQ in a research note on Tuesday, April 9th. Finally, JPMorgan Chase & Co. cut their target price on shares of LKQ from $65.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday, January 25th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.80.

LKQ Stock Down 14.9 %

LKQ stock opened at $41.65 on Wednesday. LKQ Co. has a 1-year low of $41.46 and a 1-year high of $59.38. The firm has a market capitalization of $11.11 billion, a price-to-earnings ratio of 11.90 and a beta of 1.28. The firm’s fifty day moving average price is $51.21 and its two-hundred day moving average price is $48.36. The company has a current ratio of 1.47, a quick ratio of 0.53 and a debt-to-equity ratio of 0.59.

LKQ (NASDAQ:LKQ) last released its quarterly earnings data on Tuesday, April 23rd. The auto parts company reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.13). LKQ had a net margin of 6.75% and a return on equity of 17.24%. The business had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same period last year, the business posted $1.04 earnings per share. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. On average, equities research analysts predict that LKQ Co. will post 4.07 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.88%. LKQ’s dividend payout ratio (DPR) is 34.29%.

Insider Activity

In other news, CEO Dominick P. Zarcone sold 200,000 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $51.97, for a total value of $10,394,000.00. Following the completion of the sale, the chief executive officer now owns 386,522 shares in the company, valued at $20,087,548.34. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.45% of the stock is currently owned by corporate 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.