Massachusetts Financial Services Co. MA Raises Stock Holdings in LKQ Co. (NASDAQ:LKQ)

Massachusetts Financial Services Co. MA increased its holdings in LKQ Co. (NASDAQ:LKQ - Free Report) by 0.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 11,977,708 shares of the auto parts company's stock after buying an additional 33,212 shares during the period. Massachusetts Financial Services Co. MA owned about 4.61% of LKQ worth $478,150,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bessemer Group Inc. grew its position in LKQ by 46.9% during the first quarter. Bessemer Group Inc. now owns 2,678 shares of the auto parts company's stock valued at $143,000 after purchasing an additional 855 shares in the last quarter. Capital World Investors boosted its holdings in shares of LKQ by 91.0% during the 1st quarter. Capital World Investors now owns 582,953 shares of the auto parts company's stock worth $31,136,000 after buying an additional 277,700 shares during the period. Earnest Partners LLC raised its stake in LKQ by 4.9% during the 1st quarter. Earnest Partners LLC now owns 1,003,258 shares of the auto parts company's stock valued at $53,584,000 after purchasing an additional 47,122 shares during the last quarter. Janus Henderson Group PLC raised its stake in LKQ by 869.1% during the 1st quarter. Janus Henderson Group PLC now owns 454,010 shares of the auto parts company's stock valued at $24,248,000 after purchasing an additional 407,162 shares during the last quarter. Finally, Dynasty Wealth Management LLC acquired a new position in shares of LKQ in the 1st quarter valued at $346,000. 95.63% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Barrington Research restated an "outperform" rating and issued a $60.00 price objective on shares of LKQ in a research note 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. Robert W. Baird decreased their price objective on shares of LKQ from $50.00 to $48.00 and set an "outperform" rating on the stock in a report on Friday, October 25th. Stifel Nicolaus reduced their target price on shares of LKQ from $53.00 to $47.00 and set a "buy" rating on the stock in a research note on Friday, October 25th. Finally, StockNews.com raised shares of LKQ from a "hold" rating to a "buy" rating in a research note on Monday. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $53.80.

LKQ Price Performance

NASDAQ LKQ traded up $0.62 during trading on Friday, hitting $38.50. 1,601,980 shares of the company's stock were exchanged, compared to its average volume of 1,935,796. 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 company has a market cap of $10.01 billion, a PE ratio of 14.39 and a beta of 1.29. LKQ Co. has a fifty-two week low of $35.57 and a fifty-two week high of $53.68. The stock's 50 day moving average price is $38.81 and its two-hundred day moving average price is $40.86.

LKQ (NASDAQ:LKQ - Get Free Report) last announced its earnings results on Thursday, October 24th. The auto parts company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.87 by $0.01. The business 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 firm's revenue was up .4% on a year-over-year basis. During the same period in the prior year, the business posted $0.86 earnings per share. Research analysts expect that LKQ Co. will post 3.43 EPS for the current year.

LKQ Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date is Thursday, November 14th. LKQ's payout ratio 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.