LKQ Co. (NASDAQ:LKQ) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its position in LKQ Co. (NASDAQ:LKQ - Free Report) by 1.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,552,916 shares of the auto parts company's stock after purchasing an additional 18,004 shares during the period. Victory Capital Management Inc. owned about 0.60% of LKQ worth $61,992,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Millennium Management LLC grew its position in shares of LKQ by 552.8% during the 2nd quarter. Millennium Management LLC now owns 1,236,158 shares of the auto parts company's stock worth $51,412,000 after buying an additional 1,046,805 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in LKQ by 7.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 11,944,496 shares of the auto parts company's stock worth $496,772,000 after buying an additional 875,420 shares during the last quarter. Cooke & Bieler LP boosted its stake in LKQ by 39.8% during the second quarter. Cooke & Bieler LP now owns 3,067,772 shares of the auto parts company's stock worth $127,589,000 after buying an additional 873,665 shares during the last quarter. Boston Partners raised its position in LKQ by 9.5% in the first quarter. Boston Partners now owns 8,220,571 shares of the auto parts company's stock valued at $438,108,000 after purchasing an additional 712,698 shares during the period. Finally, Principal Financial Group Inc. raised its position in LKQ by 230.3% in the second quarter. Principal Financial Group Inc. now owns 1,011,132 shares of the auto parts company's stock valued at $42,053,000 after purchasing an additional 705,040 shares during the period. 95.63% of the stock is owned by hedge funds and other institutional investors.

LKQ Trading Down 0.3 %

NASDAQ:LKQ traded down $0.12 during midday trading on Friday, reaching $38.57. 630,673 shares of the stock traded hands, compared to its average volume of 1,932,182. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.72. The stock has a market capitalization of $10.03 billion, a P/E ratio of 14.44 and a beta of 1.29. The company has a fifty day moving average of $38.97 and a 200 day moving average of $41.06. LKQ Co. has a 12 month low of $35.57 and a 12 month high of $53.68.

LKQ (NASDAQ:LKQ - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The auto parts company reported $0.88 EPS 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 analysts' expectations of $3.65 billion. LKQ had a net margin of 4.90% and a return on equity of 15.15%. The firm's revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.86 EPS. On average, research analysts predict that LKQ Co. will post 3.43 EPS for the current year.

LKQ Announces Dividend

The company 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 dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend is Thursday, November 14th. LKQ's payout ratio is currently 44.78%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on LKQ shares. 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. Robert W. Baird cut their price objective on LKQ from $50.00 to $48.00 and set an "outperform" rating on the stock in a research report on Friday, October 25th. Barrington Research reissued an "outperform" rating and issued a $60.00 price objective on shares of LKQ in a report on Friday, October 25th. JPMorgan Chase & Co. boosted their price objective on LKQ from $54.00 to $55.00 and gave the stock an "overweight" rating in a research report on Thursday, September 12th. Finally, Stifel Nicolaus dropped their price target on LKQ from $53.00 to $47.00 and set a "buy" rating on the stock in a report on Friday, October 25th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, LKQ currently has a consensus rating of "Moderate Buy" and an average 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.