LKQ Co. (NASDAQ:LKQ) Shares Sold by Winslow Asset Management Inc. (2024)

Winslow Asset Management Inc. reduced its stake in shares of LKQ Co. (NASDAQ:LKQ - Free Report) by 9.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 173,505 shares of the auto parts company's stock after selling 18,840 shares during the period. LKQ accounts for 1.7% of Winslow Asset Management Inc.'s portfolio, making the stock its 22nd biggest holding. Winslow Asset Management Inc. owned 0.06% of LKQ worth $8,292,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. lifted its position in shares of LKQ by 40.8% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 777 shares of the auto parts company's stock valued at $37,000 after acquiring an additional 225 shares in the last quarter. Jacobi Capital Management LLC boosted its stake in LKQ by 1.4% in the 3rd quarter. Jacobi Capital Management LLC now owns 17,470 shares of the auto parts company's stock worth $865,000 after purchasing an additional 239 shares during the period. Evergreen Wealth Solutions LLC grew its holdings in LKQ by 4.9% during the 4th quarter. Evergreen Wealth Solutions LLC now owns 5,229 shares of the auto parts company's stock valued at $250,000 after buying an additional 244 shares in the last quarter. Blue Trust Inc. raised its position in shares of LKQ by 30.8% during the fourth quarter. Blue Trust Inc. now owns 1,103 shares of the auto parts company's stock valued at $55,000 after buying an additional 260 shares during the last quarter. Finally, Threadgill Financial LLC lifted its holdings in shares of LKQ by 1.1% in the fourth quarter. Threadgill Financial LLC now owns 26,650 shares of the auto parts company's stock worth $1,274,000 after buying an additional 277 shares in the last quarter. 95.63% of the stock is currently owned by institutional investors.

LKQ Trading Down 2.3 %

NASDAQ LKQ traded down $0.95 during trading hours on Friday, hitting $40.29. 1,735,951 shares of the company were exchanged, compared to its average volume of 1,730,881. LKQ Co. has a 52 week low of $39.72 and a 52 week high of $59.38. The company has a quick ratio of 0.68, a current ratio of 1.70 and a debt-to-equity ratio of 0.67. The stock has a 50-day moving average price of $44.54 and a 200 day moving average price of $47.39. The stock has a market cap of $10.75 billion, a PE ratio of 13.08 and a beta of 1.28.

LKQ (NASDAQ:LKQ - Get Free Report) last issued its quarterly earnings results on Tuesday, April 23rd. The auto parts company reported $0.82 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.95 by ($0.13). LKQ had a return on equity of 15.94% and a net margin of 5.79%. The company had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter in the prior year, the business earned $1.04 earnings per share. The firm's quarterly revenue was up 10.6% compared to the same quarter last year. Analysts forecast that LKQ Co. will post 3.93 earnings per share for the current fiscal year.

LKQ Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.98%. The ex-dividend date of this dividend was Wednesday, May 15th. LKQ's payout ratio is currently 38.96%.

Insider Buying and Selling at LKQ

In other LKQ news, Director Xavier Urbain sold 867 shares of the company's stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $44.50, for a total value of $38,581.50. Following the transaction, the director now owns 15,606 shares of the company's stock, valued at approximately $694,467. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.55% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on LKQ shares. Stifel Nicolaus reaffirmed a "buy" rating and set a $66.00 target price on shares of LKQ in a research note on Tuesday, April 9th. Barrington Research reaffirmed an "outperform" rating and issued a $60.00 target price on shares of LKQ in a report on Friday, April 19th. Robert W. Baird dropped their price target on LKQ from $58.00 to $54.00 and set an "outperform" rating for the company in a research note on Wednesday, April 24th. Roth Mkm restated a "buy" rating and set a $65.00 price target on shares of LKQ in a report on Tuesday, April 23rd. Finally, StockNews.com cut LKQ from a "buy" rating to a "hold" rating in a report on Friday, February 23rd. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, LKQ currently has an average rating of "Moderate Buy" and an average target price of $61.60.

Get Our Latest Report on LKQ

LKQ Profile

(Free Report)

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.

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