BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $5.40 Million Holdings in LKQ Co. (NASDAQ:LKQ)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. cut its stake in LKQ Co. (NASDAQ:LKQ - Free Report) by 45.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 135,193 shares of the auto parts company's stock after selling 110,868 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.05% of LKQ worth $5,397,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Manning & Napier Advisors LLC acquired a new position in shares of LKQ in the 2nd quarter worth approximately $3,839,000. Addenda Capital Inc. bought a new stake in LKQ during the 2nd quarter worth approximately $6,419,000. TCW Group Inc. bought a new stake in LKQ during the 2nd quarter worth approximately $6,601,000. Swedbank AB bought a new stake in LKQ during the 1st quarter worth approximately $20,555,000. Finally, Squarepoint Ops LLC grew its position in LKQ by 3,683.6% during the 2nd quarter. Squarepoint Ops LLC now owns 274,577 shares of the auto parts company's stock worth $11,420,000 after acquiring an additional 267,320 shares during the last quarter. 95.63% of the stock is owned by institutional investors and hedge funds.

LKQ Trading Up 3.3 %

LKQ traded up $1.26 during mid-day trading on Monday, reaching $39.76. The stock had a trading volume of 4,066,788 shares, compared to its average volume of 1,945,142. The stock has a market capitalization of $10.34 billion, a P/E ratio of 14.90 and a beta of 1.29. 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's fifty day simple moving average is $38.75 and its two-hundred day simple moving average is $40.77. LKQ Co. has a 52 week low of $35.57 and a 52 week high of $53.68.

LKQ (NASDAQ:LKQ - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.01. LKQ had a return on equity of 15.15% and a net margin of 4.90%. The business had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same period last year, the company earned $0.86 EPS. The firm's revenue was up .4% on a year-over-year basis. On average, equities analysts predict that LKQ Co. will post 3.43 EPS for the current year.

LKQ Dividend Announcement

The business also recently declared 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 3.02%. LKQ's dividend payout ratio is currently 44.78%.

Analyst Ratings Changes

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. Robert W. Baird decreased their price target on LKQ from $50.00 to $48.00 and set an "outperform" rating on the stock in a research report on Friday, October 25th. StockNews.com upgraded LKQ from a "hold" rating to a "buy" rating in a research report on Monday, November 18th. Barrington Research restated an "outperform" rating and set a $60.00 price target on shares of LKQ in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. increased their price objective on LKQ from $54.00 to $55.00 and gave the company an "overweight" rating in a research report on Thursday, September 12th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and an average target price 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.