DekaBank Deutsche Girozentrale Purchases 21,907 Shares of LKQ Co. (NASDAQ:LKQ)

DekaBank Deutsche Girozentrale grew its stake in shares of LKQ Co. (NASDAQ:LKQ - Free Report) by 6.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 346,913 shares of the auto parts company's stock after acquiring an additional 21,907 shares during the period. DekaBank Deutsche Girozentrale owned 0.13% of LKQ worth $13,935,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Manning & Napier Advisors LLC acquired a new position in LKQ during the second quarter worth about $3,839,000. Capital World Investors lifted its stake in shares of LKQ by 91.0% in the 1st quarter. Capital World Investors now owns 582,953 shares of the auto parts company's stock valued at $31,136,000 after acquiring an additional 277,700 shares during the last quarter. SG Americas Securities LLC grew its position in LKQ by 133.2% during the 1st quarter. SG Americas Securities LLC now owns 87,091 shares of the auto parts company's stock worth $4,652,000 after acquiring an additional 49,739 shares during the last quarter. Addenda Capital Inc. bought a new stake in LKQ during the 2nd quarter worth $6,419,000. Finally, TCW Group Inc. acquired a new position in LKQ in the 2nd quarter worth about $6,601,000. Institutional investors own 95.63% of the company's stock.

LKQ Trading Down 0.2 %

LKQ stock traded down $0.06 during mid-day trading on Wednesday, reaching $37.31. The company's stock had a trading volume of 2,164,351 shares, compared to its average volume of 1,903,766. The company has a market cap of $9.95 billion, a price-to-earnings ratio of 12.21 and a beta of 1.28. LKQ Co. has a 12 month low of $35.57 and a 12 month high of $53.68. The business's 50 day moving average price is $39.88 and its 200 day moving average price is $41.69. The company has a current ratio of 1.75, a quick ratio of 0.70 and a debt-to-equity ratio of 0.69.

LKQ (NASDAQ:LKQ - Get Free Report) last posted its quarterly earnings results 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 5.03% and a return on equity of 15.33%. The business had revenue of $3.58 billion during the quarter, compared to analysts' expectations of $3.65 billion. During the same period last year, the company posted $0.86 earnings per share. The business's quarterly revenue was up .4% on a year-over-year basis. On average, equities research analysts predict that LKQ Co. will post 3.54 EPS for the current year.

LKQ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 3.22%. LKQ's payout ratio is 38.96%.

Analyst Ratings Changes

A number of brokerages recently issued reports on LKQ. Barrington Research reiterated 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 cut their price target 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. JPMorgan Chase & Co. increased their price objective on LKQ from $54.00 to $55.00 and gave the company an "overweight" rating in a report on Thursday, September 12th. Stifel Nicolaus cut their target price on LKQ from $53.00 to $47.00 and set a "buy" rating on the stock in a report on Friday, October 25th. Finally, StockNews.com raised LKQ from a "hold" rating to a "buy" rating in a research note on Monday. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, LKQ has a consensus rating of "Buy" and an average price target 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.