LKQ Co. (NASDAQ:LKQ) Shares Purchased by Atria Investments Inc

Atria Investments Inc grew its position in LKQ Co. (NASDAQ:LKQ - Free Report) by 20.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 149,286 shares of the auto parts company's stock after acquiring an additional 25,314 shares during the quarter. Atria Investments Inc owned about 0.06% of LKQ worth $5,959,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Millennium Management LLC raised its holdings in shares of LKQ by 552.8% in the second quarter. Millennium Management LLC now owns 1,236,158 shares of the auto parts company's stock valued at $51,412,000 after acquiring an additional 1,046,805 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of LKQ by 7.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 11,944,496 shares of the auto parts company's stock valued at $496,772,000 after purchasing an additional 875,420 shares in the last quarter. Cooke & Bieler LP increased its holdings in LKQ by 39.8% during the second quarter. Cooke & Bieler LP now owns 3,067,772 shares of the auto parts company's stock valued at $127,589,000 after buying an additional 873,665 shares during the period. Boston Partners raised its stake in LKQ by 9.5% in the first quarter. Boston Partners now owns 8,220,571 shares of the auto parts company's stock worth $438,108,000 after buying an additional 712,698 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in LKQ by 230.3% during the second quarter. Principal Financial Group Inc. now owns 1,011,132 shares of the auto parts company's stock worth $42,053,000 after buying an additional 705,040 shares during the period. Hedge funds and other institutional investors own 95.63% of the company's stock.

LKQ Stock Performance

Shares of LKQ stock traded down $0.97 during mid-day trading on Tuesday, reaching $38.39. The stock had a trading volume of 1,906,535 shares, compared to its average volume of 1,935,494. The firm has a market cap of $9.98 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. The business's fifty day moving average is $39.13 and its 200-day moving average is $41.13. 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 quarterly earnings data 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 net margin of 4.90% and a return on equity of 15.15%. The company had revenue of $3.58 billion during the quarter, compared to analysts' expectations of $3.65 billion. During the same quarter in the previous year, the company earned $0.86 earnings per share. The firm's revenue for the quarter was up .4% on a year-over-year basis. On average, research analysts forecast that LKQ Co. will post 3.43 earnings per share for the current year.

LKQ Announces Dividend

The business 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 3.13%. LKQ's dividend payout ratio (DPR) is 44.78%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. StockNews.com downgraded LKQ from a "buy" rating to a "hold" rating in a research report on Tuesday, November 5th. Barrington Research reiterated an "outperform" rating and set a $60.00 price objective on shares of LKQ in a report on Friday, October 25th. Stifel Nicolaus reduced their target price on LKQ from $53.00 to $47.00 and set a "buy" rating on the stock in a research report on Friday, October 25th. Roth Mkm reissued a "buy" rating and issued a $59.00 price target on shares of LKQ in a report on Thursday, September 12th. Finally, Robert W. Baird cut their price objective on shares of LKQ from $50.00 to $48.00 and set an "outperform" rating on the stock in a report on Friday, October 25th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, LKQ has a consensus rating of "Moderate Buy" and an average price target of $53.80.

About LKQ

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.