LKQ Co. (NASDAQ:LKQ) Shares Sold by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. trimmed its holdings in LKQ Co. (NASDAQ:LKQ - Free Report) by 97.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,141 shares of the auto parts company's stock after selling 395,306 shares during the quarter. Ferguson Wellman Capital Management Inc.'s holdings in LKQ were worth $405,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Bleakley Financial Group LLC boosted its position in shares of LKQ by 5.3% during the 1st quarter. Bleakley Financial Group LLC now owns 4,572 shares of the auto parts company's stock worth $244,000 after purchasing an additional 229 shares in the last quarter. Motley Fool Asset Management LLC boosted its position in shares of LKQ by 4.6% in the 1st quarter. Motley Fool Asset Management LLC now owns 5,249 shares of the auto parts company's stock worth $280,000 after buying an additional 233 shares in the last quarter. Banque Cantonale Vaudoise boosted its position 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. Bruce G. Allen Investments LLC boosted its position in shares of 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 worth $46,000 after buying an additional 289 shares in the last quarter. Finally, Asset Management One Co. Ltd. boosted its position in shares of LKQ by 0.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 103,156 shares of the auto parts company's stock worth $4,118,000 after buying an additional 306 shares in the last quarter. 95.63% of the stock is owned by institutional investors and hedge funds.

LKQ Stock Performance

Shares of LKQ stock traded down $0.49 on Friday, hitting $38.20. 1,842,445 shares of the stock traded hands, compared to its average volume of 1,937,641. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.72 and a quick ratio of 0.67. The company has a market capitalization of $9.93 billion, a PE ratio of 14.25 and a beta of 1.29. LKQ Co. has a 1-year low of $35.57 and a 1-year high of $53.68. The company's fifty day moving average is $38.94 and its 200 day moving average is $41.02.

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, 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 business 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 company posted $0.86 EPS. The business's revenue was up .4% compared to the same quarter last year. On average, equities research analysts predict that LKQ Co. will post 3.43 earnings per share for the current fiscal year.

LKQ Dividend Announcement

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

Analyst Ratings Changes

Several brokerages recently weighed in on LKQ. StockNews.com downgraded shares of LKQ from a "buy" rating to a "hold" rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. boosted their target price on shares of LKQ from $54.00 to $55.00 and gave the company an "overweight" rating in a research note on Thursday, September 12th. 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 dropped their price objective on shares of LKQ from $50.00 to $48.00 and set an "outperform" rating for the company in a research note on Friday, October 25th. Finally, Stifel Nicolaus decreased their price target on LKQ from $53.00 to $47.00 and set a "buy" rating for the company in a report on Friday, October 25th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, LKQ currently has a consensus rating of "Moderate Buy" and an average price target of $53.80.

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.