LKQ Co. (NASDAQ:LKQ) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC cut its holdings in shares of LKQ Co. (NASDAQ:LKQ - Free Report) by 62.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,059 shares of the auto parts company's stock after selling 13,336 shares during the period. Intech Investment Management LLC's holdings in LKQ were worth $322,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Manning & Napier Advisors LLC purchased a new position in LKQ in the second quarter worth $3,839,000. Addenda Capital Inc. acquired a new position in LKQ during the 2nd quarter valued at about $6,419,000. TCW Group Inc. purchased a new stake in LKQ in the second quarter valued at about $6,601,000. Squarepoint Ops LLC boosted its holdings in LKQ by 3,683.6% in the second quarter. Squarepoint Ops LLC now owns 274,577 shares of the auto parts company's stock worth $11,420,000 after acquiring an additional 267,320 shares in the last quarter. Finally, Cetera Investment Advisers grew its stake in shares of LKQ by 165.3% during the first quarter. Cetera Investment Advisers now owns 45,940 shares of the auto parts company's stock worth $2,454,000 after acquiring an additional 28,623 shares during the last quarter. 95.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. StockNews.com upgraded LKQ from a "hold" rating to a "buy" rating in a research note on Monday, November 18th. 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. Stifel Nicolaus decreased their target price on LKQ from $53.00 to $47.00 and set a "buy" rating on the stock in a research report on Friday, October 25th. Roth Mkm reaffirmed a "buy" rating and set a $59.00 target price on shares of LKQ in a report on Thursday, September 12th. Finally, Barrington Research restated an "outperform" rating and set a $60.00 price target on shares of LKQ in a research report on Friday, October 25th. Six analysts have rated the stock with a buy rating, According to MarketBeat, LKQ currently has a consensus rating of "Buy" and an average target price of $53.80.

LKQ Stock Performance

Shares of NASDAQ:LKQ traded up $0.24 during midday trading on Thursday, hitting $39.72. The stock had a trading volume of 3,929,028 shares, compared to its average volume of 1,943,189. LKQ Co. has a 1 year low of $35.57 and a 1 year high of $53.68. The company has a current ratio of 1.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.69. The stock has a 50 day moving average price of $38.60 and a two-hundred day moving average price of $40.51. The company has a market capitalization of $10.33 billion, a PE ratio of 14.76 and a beta of 1.29.

LKQ (NASDAQ:LKQ - Get Free Report) last released its quarterly earnings data 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. LKQ had a net margin of 4.90% and a return on equity of 15.15%. The firm had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter in the previous year, the firm earned $0.86 earnings per share. The firm's revenue was up .4% on a year-over-year basis. As a group, equities analysts predict that LKQ Co. will post 3.43 earnings per share for the current fiscal year.

LKQ Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 3.02%. LKQ's dividend payout ratio (DPR) is 44.78%.

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.