Aigen Investment Management LP Takes Position in LKQ Co. (NASDAQ:LKQ)

Aigen Investment Management LP acquired a new position in shares of LKQ Co. (NASDAQ:LKQ - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 20,694 shares of the auto parts company's stock, valued at approximately $826,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Bleakley Financial Group LLC raised its position in LKQ by 5.3% in the first quarter. Bleakley Financial Group LLC now owns 4,572 shares of the auto parts company's stock valued at $244,000 after purchasing an additional 229 shares during the last quarter. Motley Fool Asset Management LLC raised its position in LKQ by 4.6% in the first quarter. Motley Fool Asset Management LLC now owns 5,249 shares of the auto parts company's stock valued at $280,000 after purchasing an additional 233 shares during the last quarter. Banque Cantonale Vaudoise increased its stake in shares of LKQ by 29.8% in 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. Bruce G. Allen Investments LLC increased its stake 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 valued at $46,000 after buying an additional 289 shares during the period. Finally, Asset Management One Co. Ltd. increased its stake in shares of LKQ by 0.3% in the third quarter. Asset Management One Co. Ltd. now owns 103,156 shares of the auto parts company's stock valued at $4,118,000 after buying an additional 306 shares during the period. 95.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on LKQ. Barrington Research reissued an "outperform" rating and issued a $60.00 price target on shares of LKQ in a research note on Friday, October 25th. Roth Mkm reissued a "buy" rating and issued a $59.00 price target on shares of LKQ in a research note on Thursday, September 12th. Stifel Nicolaus decreased their price target on 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 decreased their price target on LKQ from $50.00 to $48.00 and set an "outperform" rating for the company in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. raised their target price on LKQ from $54.00 to $55.00 and gave the stock an "overweight" rating in a research note on Thursday, September 12th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $53.80.

LKQ Trading Up 0.9 %

NASDAQ LKQ traded up $0.33 during trading hours on Wednesday, hitting $38.72. 2,048,414 shares of the company's stock were exchanged, compared to its average volume of 1,936,010. The stock has a 50-day simple moving average of $39.01 and a 200 day simple moving average of $41.07. LKQ Co. has a 1-year low of $35.57 and a 1-year high of $53.68. The firm has a market cap of $10.07 billion, a price-to-earnings ratio of 14.45 and a beta of 1.29. The company has a current ratio of 1.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.69.

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, topping the consensus estimate of $0.87 by $0.01. The business had revenue of $3.58 billion during the quarter, compared to analysts' expectations of $3.65 billion. LKQ had a return on equity of 15.15% and a net margin of 4.90%. The firm's revenue was up .4% on a year-over-year basis. During the same quarter last year, the firm posted $0.86 earnings per share. On average, equities analysts forecast that LKQ Co. will post 3.43 EPS for the current fiscal year.

LKQ Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be issued a $0.30 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 3.10%. LKQ's payout ratio is currently 44.78%.

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.