Financial Enhancement Group LLC Makes New Investment in LKQ Co. (NASDAQ:LKQ)

Financial Enhancement Group LLC acquired a new stake in LKQ Co. (NASDAQ:LKQ - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 140,008 shares of the auto parts company's stock, valued at approximately $5,589,000. Financial Enhancement Group LLC owned about 0.05% of LKQ at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LKQ. Radnor Capital Management LLC bought a new position in shares of LKQ during the third quarter worth about $1,633,000. Catalyst Capital Advisors LLC bought a new position in shares of LKQ during the third quarter worth about $25,000. Asset Management One Co. Ltd. lifted its position in shares of LKQ by 0.3% during the third quarter. Asset Management One Co. Ltd. now owns 103,156 shares of the auto parts company's stock worth $4,118,000 after purchasing an additional 306 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of LKQ by 74.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 65,217 shares of the auto parts company's stock worth $2,603,000 after purchasing an additional 27,931 shares during the last quarter. Finally, Van ECK Associates Corp lifted its position in shares of LKQ by 7.0% during the third quarter. Van ECK Associates Corp now owns 7,372 shares of the auto parts company's stock worth $279,000 after purchasing an additional 485 shares during the last quarter. 95.63% of the stock is owned by hedge funds and other institutional investors.

LKQ Stock Up 0.6 %

LKQ stock traded up $0.24 during trading hours on Thursday, hitting $38.38. The company's stock had a trading volume of 2,237,200 shares, compared to its average volume of 1,933,624. The stock has a 50 day moving average price of $39.30 and a two-hundred day moving average price of $41.26. LKQ Co. has a 12 month low of $35.57 and a 12 month high of $53.68. The company has a market capitalization of $9.98 billion, a PE ratio of 14.23 and a beta of 1.29. The company has a quick ratio of 0.67, a current ratio of 1.72 and a debt-to-equity ratio of 0.69.

LKQ (NASDAQ:LKQ - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same quarter in the prior year, the business posted $0.86 EPS. LKQ's quarterly revenue was up .4% on a year-over-year basis. On average, equities research 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 $0.30 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 3.13%. LKQ's payout ratio is presently 44.78%.

Analyst Ratings Changes

Several equities research analysts have commented on LKQ shares. StockNews.com lowered shares of LKQ from a "buy" rating to a "hold" rating in a research note on Tuesday. Barrington Research reiterated an "outperform" rating and set a $60.00 price objective on shares of LKQ in a research note on Friday, October 25th. JPMorgan Chase & Co. raised their target price on shares of LKQ from $54.00 to $55.00 and gave the stock an "overweight" rating in a report on Thursday, September 12th. 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. Finally, Roth Mkm reaffirmed 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 assigned a buy rating to the company's stock. According to MarketBeat, LKQ currently has an average rating of "Moderate Buy" and a consensus target price 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.