Truist Financial Corp Has $468,000 Holdings in LKQ Co. (NASDAQ:LKQ)

Truist Financial Corp cut its stake in shares of LKQ Co. (NASDAQ:LKQ) by 6.5% in the fourth quarter, Holdings Channel reports. The firm owned 12,728 shares of the auto parts company’s stock after selling 878 shares during the quarter. Truist Financial Corp’s holdings in LKQ were worth $468,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in LKQ. Sanctuary Advisors LLC lifted its holdings in shares of LKQ by 13.5% in the fourth quarter. Sanctuary Advisors LLC now owns 38,292 shares of the auto parts company’s stock valued at $1,464,000 after purchasing an additional 4,567 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of LKQ by 107.8% in the fourth quarter. Allworth Financial LP now owns 2,099 shares of the auto parts company’s stock valued at $82,000 after purchasing an additional 1,089 shares in the last quarter. Principal Securities Inc. lifted its holdings in shares of LKQ by 20.1% in the fourth quarter. Principal Securities Inc. now owns 10,161 shares of the auto parts company’s stock valued at $373,000 after purchasing an additional 1,700 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of LKQ by 25.9% in the fourth quarter. Blue Trust Inc. now owns 2,847 shares of the auto parts company’s stock valued at $105,000 after purchasing an additional 585 shares in the last quarter. Finally, V Square Quantitative Management LLC lifted its holdings in shares of LKQ by 17.6% in the fourth quarter. V Square Quantitative Management LLC now owns 14,872 shares of the auto parts company’s stock valued at $547,000 after purchasing an additional 2,225 shares in the last quarter. 95.63% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Dominick P. Zarcone sold 10,000 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $41.66, for a total value of $416,600.00. Following the completion of the transaction, the director now directly owns 359,462 shares in the company, valued at approximately $14,975,186.92. This represents a 2.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 20,000 shares of company stock worth $781,500 over the last three months. Insiders own 0.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on LKQ shares. StockNews.com downgraded LKQ from a “buy” rating to a “hold” rating in a research report on Saturday. Barrington Research reaffirmed an “outperform” rating and issued a $60.00 target price on shares of LKQ in a research report on Thursday, February 20th. Finally, JPMorgan Chase & Co. lifted their target price on LKQ from $48.00 to $49.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.60.

LKQ Price Performance

LKQ stock opened at $42.00 on Tuesday. LKQ Co. has a 12 month low of $35.56 and a 12 month high of $53.68. The stock’s 50 day moving average is $38.13 and its 200-day moving average is $38.85. The company has a current ratio of 1.71, a quick ratio of 0.67 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $10.88 billion, a price-to-earnings ratio of 16.03 and a beta of 1.29.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings results on Thursday, February 20th. The auto parts company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.04. The business had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.42 billion. LKQ had a return on equity of 14.93% and a net margin of 4.81%. Equities research analysts expect that LKQ Co. will post 3.57 EPS for the current year.

LKQ Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend is Thursday, March 13th. LKQ’s payout ratio is presently 45.80%.

About LKQ

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.