LKQ Co. (NASDAQ:LKQ) Shares Sold by Amalgamated Bank

Amalgamated Bank reduced its stake in shares of LKQ Co. (NASDAQ:LKQ - Free Report) by 40.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 51,686 shares of the auto parts company's stock after selling 34,902 shares during the period. Amalgamated Bank's holdings in LKQ were worth $2,063,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Catalyst Capital Advisors LLC purchased a new stake in LKQ during the 3rd quarter worth approximately $25,000. Rothschild Investment LLC bought a new stake in shares of LKQ during the 2nd quarter worth approximately $33,000. Allworth Financial LP increased its holdings in 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 in the last quarter. Bruce G. Allen Investments LLC boosted its holdings in LKQ by 33.5% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,151 shares of the auto parts company's stock valued at $46,000 after acquiring an additional 289 shares during the period. Finally, Banque Cantonale Vaudoise increased its holdings 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 worth $50,000 after purchasing an additional 278 shares during the last quarter. 95.63% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Roth Mkm restated a "buy" rating and set a $59.00 price target on shares of LKQ in a research report on Thursday, September 12th. JPMorgan Chase & Co. upped their price objective on shares of LKQ from $54.00 to $55.00 and gave the stock an "overweight" rating in a research report on Thursday, September 12th. Stifel Nicolaus decreased their target price on LKQ from $53.00 to $47.00 and set a "buy" rating for the company in a report on Friday, October 25th. Robert W. Baird cut 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. Finally, Barrington Research reissued an "outperform" rating and set a $60.00 price objective on shares of LKQ in a report on Friday, October 25th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $53.80.

LKQ Stock Performance

Shares of NASDAQ:LKQ traded down $0.82 during trading hours on Tuesday, hitting $38.54. The stock had a trading volume of 933,429 shares, compared to its average volume of 1,930,716. The stock's fifty day simple moving average is $39.13 and its 200 day simple moving average is $41.13. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.72. The firm has a market capitalization of $10.02 billion, a price-to-earnings ratio of 14.69 and a beta of 1.29. LKQ Co. has a 1-year low of $35.57 and a 1-year high of $53.68.

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

LKQ Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be paid a $0.30 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.11%. LKQ's dividend 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.