Leeward Investments LLC MA Decreases Position in LKQ Co. (NASDAQ:LKQ)

Leeward Investments LLC MA decreased its stake in LKQ Co. (NASDAQ:LKQ - Free Report) by 42.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 253,819 shares of the auto parts company's stock after selling 185,740 shares during the period. Leeward Investments LLC MA owned 0.10% of LKQ worth $10,132,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LKQ. Financial Enhancement Group LLC purchased a new position in LKQ in the third quarter valued at approximately $5,589,000. Radnor Capital Management LLC purchased a new position in shares of LKQ during the 3rd quarter valued at $1,633,000. Catalyst Capital Advisors LLC bought a new position in shares of LKQ during the 3rd quarter worth $25,000. Asset Management One Co. Ltd. increased its holdings in 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. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in LKQ by 74.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 65,217 shares of the auto parts company's stock valued at $2,603,000 after purchasing an additional 27,931 shares during the last quarter. 95.63% of the stock is currently owned by hedge funds and other institutional investors.

LKQ Price Performance

NASDAQ LKQ traded up $0.24 during trading on Thursday, reaching $38.38. The company's stock had a trading volume of 2,237,200 shares, compared to its average volume of 1,933,624. The stock has a market capitalization of $9.98 billion, a PE ratio of 14.32 and a beta of 1.29. 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 firm has a fifty day moving average of $39.24 and a 200 day moving average of $41.24. LKQ Co. has a one year low of $35.57 and a one year high of $53.68.

LKQ (NASDAQ:LKQ - Get Free Report) last announced its earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share for the quarter, beating analysts' consensus estimates of $0.87 by $0.01. The business had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.65 billion. LKQ had a net margin of 4.90% and a return on equity of 15.15%. LKQ's quarterly revenue was up .4% on a year-over-year basis. During the same period last year, the firm posted $0.86 earnings per share. Analysts expect that LKQ Co. will post 3.43 EPS for the current fiscal year.

LKQ Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of LKQ from $54.00 to $55.00 and gave the stock an "overweight" rating in a research note on Thursday, September 12th. Barrington Research restated an "outperform" rating and set a $60.00 target price on shares of LKQ in a research report on Friday, October 25th. Robert W. Baird reduced their price target on LKQ from $50.00 to $48.00 and set an "outperform" rating for the company in a research report on Friday, October 25th. Roth Mkm reissued a "buy" rating and set a $59.00 price objective on shares of LKQ in a report on Thursday, September 12th. Finally, Stifel Nicolaus decreased their price target on LKQ from $53.00 to $47.00 and set a "buy" rating on the stock in a research report on Friday, October 25th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, LKQ currently has a consensus rating of "Moderate Buy" and a consensus target price 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.