498,216 Shares in LKQ Co. (NASDAQ:LKQ) Bought by Private Management Group Inc.

Private Management Group Inc. acquired a new position in shares of LKQ Co. (NASDAQ:LKQ - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 498,216 shares of the auto parts company's stock, valued at approximately $19,889,000. Private Management Group Inc. owned about 0.19% of LKQ as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Rothschild Investment LLC acquired a new position in LKQ during the 2nd quarter valued at approximately $33,000. Allworth Financial LP grew its holdings in LKQ by 94.2% in the 3rd 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 in the last quarter. Bruce G. Allen Investments LLC grew its holdings in LKQ by 33.5% in the 3rd 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 in the last quarter. Banque Cantonale Vaudoise increased its position in LKQ by 29.8% in the 2nd quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company's stock valued at $50,000 after acquiring an additional 278 shares during the period. Finally, Fidelis Capital Partners LLC bought a new stake in LKQ during the 1st quarter valued at $56,000. 95.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on LKQ shares. Robert W. Baird decreased their price target on LKQ from $50.00 to $48.00 and set an "outperform" rating for the company in a research note on Friday, October 25th. StockNews.com raised shares of LKQ from a "hold" rating to a "buy" rating in a research note on Monday, October 28th. Roth Mkm restated a "buy" rating and set a $59.00 price target on shares of LKQ in a research report on Thursday, September 12th. Barrington Research reiterated an "outperform" rating and issued a $60.00 price objective on shares of LKQ in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. boosted their target price on LKQ from $54.00 to $55.00 and gave the stock an "overweight" rating in a report on Thursday, September 12th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $53.80.

LKQ Price Performance

LKQ stock traded up $0.11 on Friday, hitting $36.90. 2,397,065 shares of the company's stock traded hands, compared to its average volume of 2,660,639. The stock has a market cap of $9.59 billion, a price-to-earnings ratio of 13.77 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. The stock has a fifty day moving average of $39.57 and a 200-day moving average of $41.54.

LKQ (NASDAQ:LKQ - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The auto parts company reported $0.88 EPS for the quarter, beating analysts' consensus estimates of $0.87 by $0.01. The company 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 company's quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.86 EPS. On average, analysts forecast that LKQ Co. will post 3.43 EPS for the current fiscal year.

LKQ Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend is Thursday, November 14th. LKQ's payout ratio is 44.78%.

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.