Invenomic Capital Management LP Has $7.15 Million Holdings in LKQ Co. (NASDAQ:LKQ)

Invenomic Capital Management LP lessened its position in LKQ Co. (NASDAQ:LKQ - Free Report) by 16.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 179,052 shares of the auto parts company's stock after selling 34,782 shares during the quarter. Invenomic Capital Management LP owned approximately 0.07% of LKQ worth $7,148,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC acquired a new position in shares of LKQ in the 3rd quarter valued at about $25,000. Rothschild Investment LLC acquired a new position in LKQ in the 2nd quarter valued at approximately $33,000. Allworth Financial LP lifted its position in LKQ by 94.2% in the 3rd quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company's stock worth $40,000 after buying an additional 490 shares in the last quarter. Bruce G. Allen Investments LLC boosted its stake in shares of LKQ by 33.5% during 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 buying an additional 289 shares during the period. Finally, Banque Cantonale Vaudoise increased its stake in shares of LKQ by 29.8% in the second quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company's stock worth $50,000 after acquiring an additional 278 shares during the last quarter. Institutional investors and hedge funds own 95.63% of the company's stock.

LKQ Stock Performance

Shares of NASDAQ:LKQ traded up $0.14 during trading on Tuesday, reaching $39.42. The stock had a trading volume of 2,319,862 shares, compared to its average volume of 1,940,231. 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 fifty day simple moving average of $38.61 and a two-hundred day simple moving average of $40.56. The firm has a market capitalization of $10.25 billion, a price-to-earnings ratio of 14.71 and a beta of 1.29. LKQ Co. has a 52 week low of $35.57 and a 52 week high of $53.68.

LKQ (NASDAQ:LKQ - Get Free Report) last released its earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share for the quarter, topping analysts' consensus estimates of $0.87 by $0.01. The firm had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.65 billion. LKQ had a net margin of 4.90% and a return on equity of 15.15%. The business's revenue was up .4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.86 EPS. As a group, analysts anticipate 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 was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend was Thursday, November 14th. LKQ's payout ratio is currently 44.78%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Barrington Research reissued an "outperform" rating and set a $60.00 price objective on shares of LKQ in a research report on Friday, October 25th. Roth Mkm restated a "buy" rating and issued a $59.00 price objective on shares of LKQ in a report on Thursday, September 12th. JPMorgan Chase & Co. lifted 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. Robert W. Baird dropped their price target 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. Finally, StockNews.com upgraded shares of LKQ from a "hold" rating to a "buy" rating in a report on Monday, November 18th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $53.80.

About LKQ

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.