Goodman Financial Corp Purchases 26,543 Shares of LKQ Co. (NASDAQ:LKQ)

Goodman Financial Corp raised its holdings in LKQ Co. (NASDAQ:LKQ - Free Report) by 10.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 286,641 shares of the auto parts company's stock after acquiring an additional 26,543 shares during the quarter. LKQ makes up about 2.6% of Goodman Financial Corp's portfolio, making the stock its 26th largest holding. Goodman Financial Corp owned about 0.11% of LKQ worth $11,443,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LKQ. Catalyst Capital Advisors LLC bought a new stake in shares of LKQ in the 3rd quarter valued at $25,000. Rothschild Investment LLC bought a new stake in shares of LKQ in the 2nd quarter valued at $33,000. Allworth Financial LP boosted its stake in shares of LKQ by 94.2% in the 3rd quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company's stock valued at $40,000 after purchasing an additional 490 shares during the last quarter. Bruce G. Allen Investments LLC boosted its stake 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 valued at $46,000 after purchasing an additional 289 shares during the last quarter. Finally, Banque Cantonale Vaudoise boosted its stake 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 valued at $50,000 after purchasing an additional 278 shares during the last quarter. 95.63% of the stock is currently owned by institutional investors and hedge funds.

LKQ Stock Performance

NASDAQ LKQ traded down $0.76 during trading hours on Tuesday, reaching $39.00. 1,617,795 shares of the company were exchanged, compared to its average volume of 1,943,712. LKQ Co. has a 1 year low of $35.57 and a 1 year high of $53.68. The business's 50 day simple moving average is $38.74 and its 200-day simple moving average is $40.74. The company has a quick ratio of 0.67, a current ratio of 1.72 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $10.14 billion, a P/E ratio of 14.60 and a beta of 1.29.

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

LKQ Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.08%. LKQ's payout ratio is 44.78%.

Analyst Ratings Changes

Several research analysts recently issued reports on LKQ shares. JPMorgan Chase & Co. increased 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. Robert W. Baird dropped their price objective on shares of LKQ from $50.00 to $48.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. StockNews.com upgraded shares of LKQ from a "hold" rating to a "buy" rating in a report on Monday, November 18th. Roth Mkm reiterated a "buy" rating and issued a $59.00 target price on shares of LKQ in a report on Thursday, September 12th. Finally, Stifel Nicolaus lowered their target price on shares of LKQ from $53.00 to $47.00 and set a "buy" rating for the company in a report on Friday, October 25th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of "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.