LKQ Co. (NASDAQ:LKQ) Shares Sold by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. trimmed its position in shares of LKQ Co. (NASDAQ:LKQ - Free Report) by 31.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,628 shares of the auto parts company's stock after selling 36,339 shares during the period. Nomura Asset Management Co. Ltd.'s holdings in LKQ were worth $3,099,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Erste Asset Management GmbH acquired a new stake in shares of LKQ in the third quarter valued at $45,733,000. Seizert Capital Partners LLC raised its holdings in shares of LKQ by 451.1% in the third quarter. Seizert Capital Partners LLC now owns 1,327,664 shares of the auto parts company's stock valued at $53,000,000 after buying an additional 1,086,758 shares during the last quarter. Millennium Management LLC grew its holdings in shares of LKQ by 552.8% during the second 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 during the last quarter. Massachusetts Financial Services Co. MA increased its position in LKQ by 7.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 11,944,496 shares of the auto parts company's stock valued at $496,772,000 after acquiring an additional 875,420 shares during the period. Finally, Cooke & Bieler LP increased its holdings in shares of LKQ by 39.8% in the second quarter. Cooke & Bieler LP now owns 3,067,772 shares of the auto parts company's stock valued at $127,589,000 after purchasing an additional 873,665 shares during the period. Institutional investors and hedge funds own 95.63% of the company's stock.

LKQ Trading Down 1.0 %

Shares of NASDAQ LKQ traded down $0.39 during midday trading on Friday, hitting $37.98. The stock had a trading volume of 1,495,471 shares, compared to its average volume of 1,959,914. The company has a fifty day moving average price of $38.47 and a 200 day moving average price of $40.28. The company has a market capitalization of $9.87 billion, a price-to-earnings ratio of 14.17 and a beta of 1.29. LKQ Co. has a 1-year low of $35.57 and a 1-year high of $53.68. The company has a quick ratio of 0.67, a current ratio of 1.72 and a debt-to-equity ratio of 0.69.

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

LKQ Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were paid a $0.30 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.16%. LKQ's dividend payout ratio (DPR) is presently 44.78%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on LKQ. Roth Mkm reissued a "buy" rating and set a $59.00 price target on shares of LKQ in a report on Thursday, September 12th. Stifel Nicolaus cut their price target on LKQ from $53.00 to $47.00 and set a "buy" rating for the company in a research note on Friday, October 25th. Robert W. Baird reduced their target price on LKQ from $50.00 to $48.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. JPMorgan Chase & Co. raised their price target 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. Finally, Barrington Research reaffirmed an "outperform" rating and issued a $60.00 price objective on shares of LKQ in a research report on Friday, October 25th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, LKQ has an average rating of "Buy" and an average 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.