Wellington Management Group LLP Has $249.49 Million Stock Position in LKQ Co. (NASDAQ:LKQ)

Wellington Management Group LLP cut its position in shares of LKQ Co. (NASDAQ:LKQ - Free Report) by 37.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,249,816 shares of the auto parts company's stock after selling 3,751,045 shares during the quarter. Wellington Management Group LLP owned 2.40% of LKQ worth $249,493,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC acquired a new stake in LKQ in the third quarter worth $25,000. Rothschild Investment LLC acquired a new stake in LKQ in the second quarter worth $33,000. Allworth Financial LP increased its position in LKQ by 94.2% in the third quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company's stock worth $40,000 after buying an additional 490 shares during the period. Bruce G. Allen Investments LLC increased its position in LKQ by 33.5% in the third quarter. Bruce G. Allen Investments LLC now owns 1,151 shares of the auto parts company's stock worth $46,000 after buying an additional 289 shares during the period. Finally, Banque Cantonale Vaudoise increased its position in LKQ by 29.8% in 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 during the period. 95.63% of the stock is currently owned by institutional investors.

LKQ Price Performance

NASDAQ:LKQ traded up $0.52 during mid-day trading on Monday, reaching $39.41. 1,823,245 shares of the stock were exchanged, compared to its average volume of 1,953,751. The business has a fifty day moving average price of $38.56 and a 200 day moving average price of $40.42. The firm has a market capitalization of $10.25 billion, a PE ratio of 14.91 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 current ratio of 1.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.69.

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

LKQ Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were given 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 dividend yield of 3.04%. LKQ's dividend payout ratio (DPR) is 44.78%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on LKQ. Roth Mkm reaffirmed a "buy" rating and issued a $59.00 target price on shares of LKQ in a research report on Thursday, September 12th. Robert W. Baird lowered their price target on LKQ from $50.00 to $48.00 and set an "outperform" rating on the stock in a report on Friday, October 25th. Barrington Research reissued an "outperform" rating and set a $60.00 price target on shares of LKQ in a report on Friday, October 25th. StockNews.com raised LKQ from a "hold" rating to a "buy" rating in a report on Monday, November 18th. Finally, JPMorgan Chase & Co. raised their price target on LKQ from $54.00 to $55.00 and gave the company an "overweight" rating in a report on Thursday, September 12th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $53.80.

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.