Dynamic Technology Lab Private Ltd Takes Position in LKQ Co. (NASDAQ:LKQ)

Dynamic Technology Lab Private Ltd purchased a new position in LKQ Co. (NASDAQ:LKQ - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 52,345 shares of the auto parts company's stock, valued at approximately $2,089,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cerity Partners LLC grew its position in LKQ by 15.8% in the 3rd quarter. Cerity Partners LLC now owns 20,178 shares of the auto parts company's stock worth $805,000 after purchasing an additional 2,759 shares during the last quarter. Studio Investment Management LLC grew its holdings in LKQ by 6.4% in the 3rd quarter. Studio Investment Management LLC now owns 10,318 shares of the auto parts company's stock worth $412,000 after buying an additional 617 shares in the last quarter. Altiora Financial Group LLC bought a new stake in LKQ during the 3rd quarter valued at $303,000. Charles Schwab Investment Management Inc. grew its stake in shares of LKQ by 0.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,488,432 shares of the auto parts company's stock worth $99,338,000 after purchasing an additional 12,766 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of LKQ by 0.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 11,977,708 shares of the auto parts company's stock valued at $478,150,000 after purchasing an additional 33,212 shares during the period. Institutional investors and hedge funds own 95.63% of the company's stock.

Wall Street Analysts Forecast Growth

LKQ has been the topic of several recent analyst reports. Robert W. Baird dropped 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. Stifel Nicolaus lowered their price objective on LKQ from $53.00 to $47.00 and set a "buy" rating for the company in a research report on Friday, October 25th. Barrington Research reissued an "outperform" rating and set a $60.00 target price on shares of LKQ in a research note on Friday, October 25th. Roth Mkm restated a "buy" rating and issued a $59.00 target price on shares of LKQ in a research note on Thursday, September 12th. Finally, StockNews.com upgraded shares of LKQ from a "hold" rating to a "buy" rating in a report on Monday, November 18th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $53.80.

LKQ Stock Performance

NASDAQ LKQ traded up $1.58 during trading on Monday, reaching $40.08. 1,256,878 shares of the company's stock were exchanged, compared to its average volume of 1,932,818. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.72 and a quick ratio of 0.67. LKQ Co. has a fifty-two week low of $35.57 and a fifty-two week high of $53.68. The business has a 50 day moving average price of $38.75 and a 200-day moving average price of $40.77. The stock has a market capitalization of $10.42 billion, a P/E ratio of 15.00 and a beta of 1.29.

LKQ (NASDAQ:LKQ - Get Free Report) last posted its earnings results on Thursday, October 24th. The auto parts company reported $0.88 EPS for the quarter, beating 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 company had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter in the prior year, the business earned $0.86 earnings per share. The firm's revenue for the quarter was up .4% on a year-over-year basis. Sell-side analysts forecast that LKQ Co. will post 3.43 earnings per share for the current fiscal year.

LKQ Announces Dividend

The firm also recently disclosed 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. This represents a $1.20 annualized dividend and a dividend yield of 2.99%. The ex-dividend date is Thursday, November 14th. LKQ's dividend payout ratio (DPR) is presently 44.78%.

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.