Seizert Capital Partners LLC Has $53 Million Position in LKQ Co. (NASDAQ:LKQ)

Seizert Capital Partners LLC raised its position in shares of LKQ Co. (NASDAQ:LKQ - Free Report) by 451.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,327,664 shares of the auto parts company's stock after acquiring an additional 1,086,758 shares during the quarter. LKQ comprises 2.4% of Seizert Capital Partners LLC's investment portfolio, making the stock its 10th biggest holding. Seizert Capital Partners LLC owned about 0.51% of LKQ worth $53,000,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Bleakley Financial Group LLC boosted its position in shares of LKQ by 5.3% during the 1st quarter. Bleakley Financial Group LLC now owns 4,572 shares of the auto parts company's stock worth $244,000 after purchasing an additional 229 shares in the last quarter. Motley Fool Asset Management LLC raised its holdings in shares of LKQ by 4.6% in the 1st quarter. Motley Fool Asset Management LLC now owns 5,249 shares of the auto parts company's stock worth $280,000 after acquiring an additional 233 shares during the last quarter. Banque Cantonale Vaudoise raised its holdings 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 worth $50,000 after acquiring an additional 278 shares during the last quarter. Bruce G. Allen Investments LLC raised its holdings 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 worth $46,000 after acquiring an additional 289 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its holdings in shares of LKQ by 0.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 103,156 shares of the auto parts company's stock worth $4,118,000 after acquiring an additional 306 shares during the last quarter. Institutional investors own 95.63% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on LKQ shares. Roth Mkm restated a "buy" rating and issued a $59.00 target price on shares of LKQ in a report on Thursday, September 12th. StockNews.com lowered shares of LKQ from a "buy" rating to a "hold" rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. increased their price objective 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. Stifel Nicolaus decreased 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. Finally, Robert W. Baird decreased their price objective on shares of LKQ from $50.00 to $48.00 and set an "outperform" rating for the company in a research note on Friday, October 25th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $53.80.

LKQ Stock Performance

Shares of LKQ stock traded down $0.49 during trading hours on Friday, hitting $38.20. 1,842,445 shares of the company were exchanged, compared to its average volume of 2,619,538. The firm has a fifty day simple moving average of $38.94 and a 200 day simple moving average of $41.00. 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 52-week low of $35.57 and a 52-week high of $53.68. The stock has a market capitalization of $9.93 billion, a price-to-earnings ratio of 14.25 and a beta of 1.29.

LKQ (NASDAQ:LKQ - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share (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 during the quarter, compared to analyst estimates of $3.65 billion. During the same quarter last year, the business posted $0.86 EPS. LKQ's quarterly revenue was up .4% compared to the same quarter last year. Research analysts predict that LKQ Co. will post 3.43 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Thursday, November 14th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.14%. The ex-dividend date is Thursday, November 14th. LKQ's dividend payout ratio (DPR) is presently 44.78%.

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.