Radnor Capital Management LLC Trims Stake in LKQ Co. (NASDAQ:LKQ)

Radnor Capital Management LLC lowered its position in LKQ Co. (NASDAQ:LKQ) by 1.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,300 shares of the auto parts company’s stock after selling 600 shares during the period. Radnor Capital Management LLC’s holdings in LKQ were worth $1,481,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Bruce G. Allen Investments LLC increased its stake in LKQ by 33.5% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,151 shares of the auto parts company’s stock worth $46,000 after buying an additional 289 shares during the period. Private Trust Co. NA increased its position in shares of LKQ by 31.2% during the third quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company’s stock worth $50,000 after acquiring an additional 299 shares during the period. Asset Management One Co. Ltd. increased its position in shares of LKQ by 0.3% during the third quarter. Asset Management One Co. Ltd. now owns 103,156 shares of the auto parts company’s stock worth $4,118,000 after acquiring an additional 306 shares during the period. Ensign Peak Advisors Inc raised its stake in shares of LKQ by 0.5% during the second quarter. Ensign Peak Advisors Inc now owns 81,526 shares of the auto parts company’s stock valued at $3,391,000 after acquiring an additional 400 shares in the last quarter. Finally, Van ECK Associates Corp boosted its holdings in shares of LKQ by 7.0% in the third quarter. Van ECK Associates Corp now owns 7,372 shares of the auto parts company’s stock valued at $279,000 after purchasing an additional 485 shares during the period. Hedge funds and other institutional investors own 95.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on LKQ shares. Robert W. Baird decreased their target price on LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Barrington Research restated an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a report on Friday, October 25th. Stifel Nicolaus dropped their target price on shares of LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Finally, StockNews.com raised shares of LKQ from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, LKQ presently has an average rating of “Buy” and an average price target of $53.80.

Insider Transactions at LKQ

In related news, Director Dominick P. Zarcone sold 5,000 shares of LKQ stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $36.84, for a total value of $184,200.00. Following the completion of the sale, the director now directly owns 374,462 shares in the company, valued at $13,795,180.08. This trade represents a 1.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.55% of the company’s stock.

LKQ Price Performance

Shares of LKQ stock opened at $37.29 on Wednesday. The stock’s 50-day moving average is $37.80 and its 200 day moving average is $39.49. LKQ Co. has a 1-year low of $35.56 and a 1-year high of $53.68. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.72 and a quick ratio of 0.67. The company has a market cap of $9.69 billion, a P/E ratio of 13.91 and a beta of 1.30.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings data on Thursday, October 24th. The auto parts company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.01. LKQ had a net margin of 4.90% and a return on equity of 15.15%. The firm had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter in the previous year, the firm earned $0.86 EPS. The company’s quarterly revenue was up .4% compared to the same quarter last year. Research analysts predict that LKQ Co. will post 3.43 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.22%. LKQ’s dividend payout ratio is presently 44.78%.

LKQ Company 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.