Landscape Capital Management L.L.C. Purchases New Holdings in LKQ Co. (NASDAQ:LKQ)

Landscape Capital Management L.L.C. purchased a new stake in LKQ Co. (NASDAQ:LKQ - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 45,997 shares of the auto parts company's stock, valued at approximately $1,836,000.

Other large investors have also modified their holdings of the company. Bessemer Group Inc. grew its holdings in shares of LKQ by 46.9% during the first quarter. Bessemer Group Inc. now owns 2,678 shares of the auto parts company's stock worth $143,000 after buying an additional 855 shares in the last quarter. Capital World Investors lifted its stake in shares of LKQ by 91.0% during the 1st quarter. Capital World Investors now owns 582,953 shares of the auto parts company's stock worth $31,136,000 after purchasing an additional 277,700 shares during the period. Earnest Partners LLC boosted its holdings in shares of LKQ by 4.9% during the first quarter. Earnest Partners LLC now owns 1,003,258 shares of the auto parts company's stock worth $53,584,000 after purchasing an additional 47,122 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of LKQ by 869.1% in the first quarter. Janus Henderson Group PLC now owns 454,010 shares of the auto parts company's stock valued at $24,248,000 after purchasing an additional 407,162 shares during the period. Finally, Dynasty Wealth Management LLC purchased a new position in LKQ during the first quarter worth about $346,000. 95.63% of the stock is currently owned by institutional investors and hedge funds.

LKQ Stock Up 1.6 %

Shares of LKQ traded up $0.62 during midday trading on Friday, hitting $38.50. The company had a trading volume of 1,601,980 shares, compared to its average volume of 1,935,796. The company has a quick ratio of 0.67, a current ratio of 1.72 and a debt-to-equity ratio of 0.69. The stock has a market cap of $10.01 billion, a price-to-earnings ratio of 14.39 and a beta of 1.29. LKQ Co. has a 52 week low of $35.57 and a 52 week high of $53.68. The company's 50 day moving average price is $38.81 and its 200 day moving average price is $40.86.

LKQ (NASDAQ:LKQ - Get Free Report) last posted its earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.87 by $0.01. The firm had revenue of $3.58 billion during 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%. LKQ's revenue was up .4% on a year-over-year basis. During the same period in the previous year, the business posted $0.86 EPS. On average, equities research analysts predict that LKQ Co. will post 3.43 EPS for the current year.

LKQ Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be given a $0.30 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.12%. LKQ's dividend payout ratio (DPR) is presently 44.78%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on LKQ shares. JPMorgan Chase & Co. upped their price objective on shares of LKQ from $54.00 to $55.00 and gave the company an "overweight" rating in a research note on Thursday, September 12th. StockNews.com raised shares of LKQ from a "hold" rating to a "buy" rating in a research note on Monday. Stifel Nicolaus lowered their price objective on shares of LKQ from $53.00 to $47.00 and set a "buy" rating for the company in a research note on Friday, October 25th. Robert W. Baird cut their target price on LKQ from $50.00 to $48.00 and set an "outperform" rating on the stock in a research report on Friday, October 25th. Finally, Roth Mkm reissued a "buy" rating and set a $59.00 price target on shares of LKQ in a research report on Thursday, September 12th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, LKQ currently has a consensus rating of "Buy" and a consensus price target of $53.80.

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.