Geode Capital Management LLC Acquires 21,161 Shares of LKQ Co. (NASDAQ:LKQ)

Geode Capital Management LLC increased its stake in LKQ Co. (NASDAQ:LKQ - Free Report) by 0.3% during the third quarter, according to its most recent filing with the SEC. The fund owned 6,542,740 shares of the auto parts company's stock after buying an additional 21,161 shares during the quarter. Geode Capital Management LLC owned 2.52% of LKQ worth $260,330,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in LKQ. Massachusetts Financial Services Co. MA increased its position in LKQ by 0.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 11,977,708 shares of the auto parts company's stock worth $478,150,000 after buying an additional 33,212 shares during the last quarter. State Street Corp grew its stake in shares of LKQ by 1.2% during the 3rd quarter. State Street Corp now owns 11,449,166 shares of the auto parts company's stock worth $457,051,000 after acquiring an additional 134,176 shares during the period. FMR LLC grew its stake in shares of LKQ by 7.3% during the 3rd quarter. FMR LLC now owns 6,020,689 shares of the auto parts company's stock worth $240,346,000 after acquiring an additional 411,390 shares during the period. Dimensional Fund Advisors LP increased its holdings in LKQ by 6.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,398,538 shares of the auto parts company's stock worth $182,936,000 after acquiring an additional 253,639 shares during the last quarter. Finally, Cooke & Bieler LP raised its stake in LKQ by 39.8% in the 2nd quarter. Cooke & Bieler LP now owns 3,067,772 shares of the auto parts company's stock valued at $127,589,000 after acquiring an additional 873,665 shares during the period. Institutional investors own 95.63% of the company's stock.

LKQ Price Performance

Shares of LKQ stock traded down $0.39 during trading on Friday, hitting $37.98. The stock had a trading volume of 1,495,471 shares, compared to its average volume of 1,959,914. The company has a current ratio of 1.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.69. LKQ Co. has a 12 month low of $35.57 and a 12 month high of $53.68. The firm has a market cap of $9.87 billion, a price-to-earnings ratio of 14.17 and a beta of 1.29. The business's 50-day moving average is $38.47 and its 200 day moving average is $40.28.

LKQ (NASDAQ:LKQ - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share 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 firm had revenue of $3.58 billion for the quarter, compared to analysts' expectations of $3.65 billion. During the same quarter last year, the firm posted $0.86 EPS. The company's revenue was up .4% compared to the same quarter last year. As a group, sell-side analysts anticipate that LKQ Co. will post 3.43 earnings per share for the current year.

LKQ Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were paid a $0.30 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 3.16%. LKQ's dividend payout ratio is presently 44.78%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of LKQ from $54.00 to $55.00 and gave the stock an "overweight" rating in a research note on Thursday, September 12th. Stifel Nicolaus reduced their price objective on shares of LKQ from $53.00 to $47.00 and set a "buy" rating for the company in a research note on Friday, October 25th. Roth Mkm reissued a "buy" rating and set a $59.00 target price on shares of LKQ in a report on Thursday, September 12th. Robert W. Baird cut their price target on LKQ from $50.00 to $48.00 and set an "outperform" rating for the company in a report on Friday, October 25th. Finally, StockNews.com upgraded LKQ from a "hold" rating to a "buy" rating in a research note on Monday, November 18th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target 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.