Olstein Capital Management L.P. Buys 48,000 Shares of LKQ Co. (NASDAQ:LKQ)

Olstein Capital Management L.P. lifted its position in shares of LKQ Co. (NASDAQ:LKQ - Free Report) by 23.8% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 250,000 shares of the auto parts company's stock after buying an additional 48,000 shares during the quarter. LKQ comprises 1.7% of Olstein Capital Management L.P.'s holdings, making the stock its 9th biggest position. Olstein Capital Management L.P. owned 0.10% of LKQ worth $9,980,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of LKQ. Catalyst Capital Advisors LLC bought a new position in LKQ during the 3rd quarter worth $25,000. Rothschild Investment LLC bought a new position in shares of LKQ in the second quarter worth $33,000. Allworth Financial LP raised its stake in LKQ by 94.2% in the third 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 in the last quarter. Bruce G. Allen Investments LLC lifted its position in LKQ by 33.5% during the third quarter. Bruce G. Allen Investments LLC now owns 1,151 shares of the auto parts company's stock worth $46,000 after purchasing an additional 289 shares during the period. Finally, Banque Cantonale Vaudoise grew its stake in LKQ by 29.8% during the second quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company's stock worth $50,000 after buying an additional 278 shares in the last quarter. Institutional investors own 95.63% of the company's stock.

Wall Street Analyst Weigh In

LKQ has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price target on shares of LKQ from $54.00 to $55.00 and gave the stock an "overweight" rating in a report on Thursday, September 12th. Stifel Nicolaus cut their target price on 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 reiterated a "buy" rating and issued a $59.00 price target on shares of LKQ in a research note on Thursday, September 12th. Barrington Research restated an "outperform" rating and set a $60.00 price objective on shares of LKQ in a research report on Friday, October 25th. Finally, StockNews.com cut LKQ from a "buy" rating to a "hold" rating in a research report on Tuesday. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, LKQ currently has a consensus rating of "Moderate Buy" and a consensus target price of $53.80.

LKQ Price Performance

Shares of NASDAQ LKQ traded up $0.24 during mid-day trading on Thursday, hitting $38.38. 2,237,200 shares of the stock traded hands, compared to its average volume of 1,933,624. LKQ Co. has a twelve month low of $35.57 and a twelve month high of $53.68. The firm has a 50 day simple moving average of $39.30 and a two-hundred day simple moving average of $41.26. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.72 and a quick ratio of 0.67. The company has a market cap of $9.98 billion, a PE ratio of 14.23 and a beta of 1.29.

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, topping the consensus estimate of $0.87 by $0.01. The company had revenue of $3.58 billion for the quarter, compared to analysts' expectations of $3.65 billion. LKQ had a return on equity of 15.15% and a net margin of 4.90%. The business's quarterly revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.86 earnings per share. As a group, equities research analysts forecast that LKQ Co. will post 3.43 EPS for the current fiscal year.

LKQ Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.30 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.13%. LKQ's dividend payout ratio (DPR) is presently 44.78%.

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.