Barclays PLC Decreases Holdings in LKQ Co. (NASDAQ:LKQ)

Barclays PLC lowered its position in LKQ Co. (NASDAQ:LKQ - Free Report) by 16.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 493,418 shares of the auto parts company's stock after selling 97,161 shares during the period. Barclays PLC owned 0.19% of LKQ worth $19,697,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Catalyst Capital Advisors LLC acquired a new position in LKQ in the third quarter valued at $25,000. Rothschild Investment LLC acquired a new position in shares of LKQ in the 2nd quarter valued at about $33,000. Allworth Financial LP lifted its stake in shares of LKQ by 94.2% in the 3rd quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company's stock valued at $40,000 after purchasing an additional 490 shares during the period. Bruce G. Allen Investments LLC boosted its position in shares of 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 purchasing an additional 289 shares in the last quarter. Finally, Banque Cantonale Vaudoise grew 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 worth $50,000 after purchasing an additional 278 shares during the period. 95.63% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on LKQ. Stifel Nicolaus dropped their price target on LKQ from $53.00 to $47.00 and set a "buy" rating on the stock in a research note on Friday, October 25th. Barrington Research reiterated an "outperform" rating and set a $60.00 target price on shares of LKQ in a research report on Friday, October 25th. JPMorgan Chase & Co. increased their target price on shares of LKQ from $54.00 to $55.00 and gave the stock 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, November 18th. Finally, Roth Mkm reiterated a "buy" rating and set a $59.00 price objective on shares of LKQ in a report on Thursday, September 12th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, LKQ currently has a consensus rating of "Buy" and a consensus price target of $53.80.

LKQ Stock Down 1.0 %

NASDAQ LKQ traded down $0.39 during mid-day trading on Friday, hitting $37.98. The company's stock had a trading volume of 1,495,471 shares, compared to its average volume of 1,959,914. The firm has a market capitalization of $9.87 billion, a price-to-earnings ratio of 14.17 and a beta of 1.29. The company's 50 day simple moving average is $38.47 and its 200 day simple moving average is $40.28. 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 Co. has a twelve month low of $35.57 and a twelve month high of $53.68.

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. The firm 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 business's quarterly revenue was up .4% compared to the same quarter last year. During the same period last year, the firm earned $0.86 earnings per share. Analysts anticipate that LKQ Co. will post 3.43 earnings per share for the current year.

LKQ Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend was Thursday, November 14th. LKQ's dividend payout ratio (DPR) is presently 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.