Montag A & Associates Inc. Cuts Stock Holdings in LKQ Co. (NASDAQ:LKQ)

Montag A & Associates Inc. decreased its position in LKQ Co. (NASDAQ:LKQ) by 1.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,939 shares of the auto parts company’s stock after selling 810 shares during the quarter. Montag A & Associates Inc.’s holdings in LKQ were worth $2,482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. OFI Invest Asset Management purchased a new position in shares of LKQ in the third quarter valued at about $26,000. CVA Family Office LLC purchased a new position in shares of LKQ in the fourth quarter valued at about $26,000. Private Trust Co. NA increased its position in shares of LKQ by 228.4% in the fourth quarter. Private Trust Co. NA now owns 647 shares of the auto parts company’s stock valued at $31,000 after acquiring an additional 450 shares during the period. NBC Securities Inc. purchased a new position in shares of LKQ in the third quarter valued at about $34,000. Finally, Headinvest LLC purchased a new position in shares of LKQ in the third quarter valued at about $34,000. Institutional investors own 95.63% of the company’s stock.

Insider Activity

In other LKQ news, Director Xavier Urbain sold 867 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $44.50, for a total transaction of $38,581.50. Following the completion of the sale, the director now directly owns 15,606 shares of the company’s stock, valued at $694,467. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Dominick P. Zarcone sold 200,000 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $51.97, for a total transaction of $10,394,000.00. Following the completion of the transaction, the chief executive officer now owns 386,522 shares in the company, valued at $20,087,548.34. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction 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 disclosure for this sale can be found here. 0.55% of the stock is owned by corporate insiders.

LKQ Stock Up 0.8 %

NASDAQ:LKQ traded up $0.37 during mid-day trading on Thursday, hitting $44.32. 1,523,171 shares of the company’s stock were exchanged, compared to its average volume of 1,735,046. LKQ Co. has a one year low of $41.30 and a one year high of $59.38. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.70 and a quick ratio of 0.68. The business has a fifty day moving average price of $49.32 and a 200 day moving average price of $47.78. The company has a market cap of $11.82 billion, a PE ratio of 14.39 and a beta of 1.33.

LKQ (NASDAQ:LKQ) last issued its earnings results on Tuesday, April 23rd. The auto parts company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.13). The firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.76 billion. LKQ had a return on equity of 15.94% and a net margin of 5.79%. The company’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.04 EPS. Equities analysts predict that LKQ Co. will post 3.94 EPS for the current year.

LKQ Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.20 annualized dividend and a dividend yield of 2.71%. LKQ’s payout ratio is 38.96%.

Wall Street Analyst Weigh In

LKQ has been the topic of a number of analyst reports. Robert W. Baird decreased their price objective on shares of LKQ from $58.00 to $54.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 24th. Roth Mkm reaffirmed a “buy” rating and set a $65.00 target price on shares of LKQ in a research note on Tuesday, April 23rd. 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. 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. Finally, StockNews.com lowered shares of LKQ from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $61.60.

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.