LKQ Co. (NASDAQ:LKQ) Shares Acquired by Empowered Funds LLC

Empowered Funds LLC lifted its position in LKQ Co. (NASDAQ:LKQ - Free Report) by 14.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 234,223 shares of the auto parts company's stock after acquiring an additional 29,729 shares during the period. Empowered Funds LLC owned 0.09% of LKQ worth $9,350,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LKQ. Catalyst Capital Advisors LLC purchased a new stake in shares of LKQ in the 3rd quarter valued at $25,000. Rothschild Investment LLC purchased a new position in shares of LKQ in the second quarter valued at approximately $33,000. Allworth Financial LP boosted 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 worth $40,000 after acquiring an additional 490 shares during the last quarter. Bruce G. Allen Investments LLC raised its stake in LKQ by 33.5% in 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 during the last quarter. Finally, Banque Cantonale Vaudoise raised its stake in LKQ by 29.8% in the 2nd quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company's stock valued at $50,000 after purchasing an additional 278 shares during the last quarter. Hedge funds and other institutional investors own 95.63% of the company's stock.

LKQ Trading Down 1.3 %

LKQ traded down $0.49 on Friday, hitting $38.20. The company had a trading volume of 1,842,445 shares, compared to its average volume of 1,937,641. The company's fifty day moving average price is $38.94 and its 200 day moving average price is $41.00. LKQ Co. has a 1 year low of $35.57 and a 1 year high of $53.68. The company has a current ratio of 1.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.69. The firm has a market cap of $9.93 billion, a P/E ratio of 14.25 and a beta of 1.29.

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

LKQ Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Thursday, November 14th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.14%. The ex-dividend date is Thursday, November 14th. LKQ's payout ratio is 44.78%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on LKQ shares. Robert W. Baird dropped their target price on shares of LKQ from $50.00 to $48.00 and set an "outperform" rating for the company in a report on Friday, October 25th. 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. StockNews.com lowered shares of LKQ from a "buy" rating to a "hold" rating in a research note on Tuesday, November 5th. Stifel Nicolaus dropped their price target on LKQ from $53.00 to $47.00 and set a "buy" rating for the company in a research report on Friday, October 25th. Finally, Roth Mkm reiterated a "buy" rating and set a $59.00 price objective on shares of LKQ in a research report on Thursday, September 12th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus 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.