Captrust Financial Advisors Has $3.09 Million Stock Position in LKQ Co. (NASDAQ:LKQ)

Captrust Financial Advisors lifted its position in LKQ Co. (NASDAQ:LKQ - Free Report) by 88.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 77,345 shares of the auto parts company's stock after acquiring an additional 36,259 shares during the period. Captrust Financial Advisors' holdings in LKQ were worth $3,088,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Catalyst Capital Advisors LLC bought a new stake in LKQ in the third quarter worth approximately $25,000. Rothschild Investment LLC bought a new position in LKQ during the second quarter valued at about $33,000. Allworth Financial LP raised its stake in shares of LKQ by 94.2% in the third 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 in the last quarter. Bruce G. Allen Investments LLC increased its stake in 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 acquiring an additional 289 shares during the period. Finally, Banque Cantonale Vaudoise raised its holdings in shares of LKQ by 29.8% in the 2nd quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company's stock worth $50,000 after buying an additional 278 shares in the last quarter. Institutional investors and hedge funds own 95.63% of the company's stock.

LKQ Stock Up 0.6 %

NASDAQ LKQ traded up $0.23 during trading hours on Thursday, hitting $39.71. 2,481,196 shares of the company traded hands, compared to its average volume of 1,942,740. The stock has a market capitalization of $10.32 billion, a price-to-earnings ratio of 14.76 and a beta of 1.29. LKQ Co. has a twelve month low of $35.57 and a twelve month high of $53.68. The business's 50-day moving average is $38.60 and its 200-day moving average is $40.51. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.72.

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. 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 company's quarterly revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.86 earnings per share. Sell-side analysts anticipate that LKQ Co. will post 3.43 earnings per share for the current year.

LKQ Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date was Thursday, November 14th. LKQ's dividend payout ratio is 44.78%.

Analysts Set New Price Targets

A number of equities analysts have commented on LKQ shares. StockNews.com upgraded shares of LKQ from a "hold" rating to a "buy" rating in a research report on Monday, November 18th. Barrington Research reaffirmed an "outperform" rating and set a $60.00 price objective on shares of LKQ in a research note on Friday, October 25th. Robert W. Baird reduced their target price on LKQ from $50.00 to $48.00 and set an "outperform" rating on the stock in a report on Friday, October 25th. JPMorgan Chase & Co. upped their price target on shares of LKQ from $54.00 to $55.00 and gave the company an "overweight" rating in a report on Thursday, September 12th. 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 MarketBeat.com, the stock presently has a consensus 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.