Point72 Asset Management L.P. Takes Position in LKQ Co. (NASDAQ:LKQ)

Point72 Asset Management L.P. bought a new stake in shares of LKQ Co. (NASDAQ:LKQ - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 183,091 shares of the auto parts company's stock, valued at approximately $7,309,000. Point72 Asset Management L.P. owned 0.07% of LKQ at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Catalyst Capital Advisors LLC purchased a new position in LKQ during the third quarter valued at approximately $25,000. Rothschild Investment LLC purchased a new position in shares of LKQ during the 2nd quarter valued at $33,000. Allworth Financial LP increased its holdings in shares of LKQ by 94.2% in the third quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company's stock worth $40,000 after purchasing an additional 490 shares during the period. Bruce G. Allen Investments LLC raised its position in shares of LKQ by 33.5% in the third 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 in the last quarter. Finally, Banque Cantonale Vaudoise boosted its stake in LKQ by 29.8% during the second quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company's stock valued at $50,000 after buying an additional 278 shares during the period. Hedge funds and other institutional investors own 95.63% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Robert W. Baird decreased their target price on LKQ from $50.00 to $48.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. Barrington Research reaffirmed an "outperform" rating and issued a $60.00 target price on shares of LKQ in a research note on Friday, October 25th. JPMorgan Chase & Co. lifted their target price on shares of LKQ from $54.00 to $55.00 and gave the company an "overweight" rating in a research report on Thursday, September 12th. Stifel Nicolaus decreased their price target 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 report on Monday, November 18th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $53.80.

LKQ Price Performance

LKQ traded down $0.83 during midday trading on Friday, hitting $38.89. The stock had a trading volume of 3,178,653 shares, compared to its average volume of 1,934,160. The company has a market cap of $10.11 billion, a P/E ratio of 14.51 and a beta of 1.29. LKQ Co. has a 1 year low of $35.57 and a 1 year high of $53.68. The business has a fifty day moving average of $38.56 and a 200 day moving average of $40.42. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.72.

LKQ (NASDAQ:LKQ - Get Free Report) last released its earnings results on Thursday, October 24th. The auto parts company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.87 by $0.01. The company had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.65 billion. LKQ had a net margin of 4.90% and a return on equity of 15.15%. The firm's quarterly revenue was up .4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.86 EPS. As a group, equities analysts forecast that LKQ Co. will post 3.43 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date was Thursday, November 14th. LKQ's dividend payout ratio (DPR) 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.