Roubaix Capital LLC Buys New Shares in LKQ Co. (NASDAQ:LKQ)

Roubaix Capital LLC purchased a new position in shares of LKQ Co. (NASDAQ:LKQ - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 48,366 shares of the auto parts company's stock, valued at approximately $1,931,000.

A number of other institutional investors have also added to or reduced their stakes in LKQ. Rothschild Investment LLC bought a new stake in LKQ during the 2nd quarter worth approximately $33,000. Allworth Financial LP increased its holdings in LKQ by 94.2% during the 3rd quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company's stock worth $40,000 after purchasing an additional 490 shares in the last quarter. Bruce G. Allen Investments LLC increased its holdings in LKQ by 33.5% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,151 shares of the auto parts company's stock worth $46,000 after purchasing an additional 289 shares in the last quarter. Banque Cantonale Vaudoise increased its holdings in LKQ by 29.8% during the 2nd quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company's stock worth $50,000 after purchasing an additional 278 shares in the last quarter. Finally, Fidelis Capital Partners LLC bought a new stake in LKQ during the 1st quarter worth approximately $56,000. 95.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

LKQ Stock Performance

NASDAQ LKQ traded down $0.52 on Thursday, hitting $36.79. 5,064,103 shares of the stock traded hands, compared to its average volume of 1,922,483. The business's fifty day moving average is $39.79 and its two-hundred day moving average is $41.66. LKQ Co. has a 12 month low of $35.57 and a 12 month high of $53.68. The firm has a market capitalization of $9.56 billion, a price-to-earnings ratio of 13.73 and a beta of 1.28. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.70 and a current ratio of 1.75.

LKQ (NASDAQ:LKQ - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The auto parts company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.01. The business had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.65 billion. LKQ had a return on equity of 15.33% and a net margin of 5.03%. LKQ's revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.86 earnings per share. As a group, equities analysts anticipate that LKQ Co. will post 3.54 EPS for the current fiscal year.

LKQ Announces Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 3.26%. LKQ's dividend payout ratio is currently 44.78%.

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.