River Road Asset Management LLC Lowers Stake in LKQ Co. (NASDAQ:LKQ)

River Road Asset Management LLC lessened its holdings in LKQ Co. (NASDAQ:LKQ - Free Report) by 3.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,599,277 shares of the auto parts company's stock after selling 125,912 shares during the quarter. LKQ makes up approximately 1.9% of River Road Asset Management LLC's investment portfolio, making the stock its 8th largest position. River Road Asset Management LLC owned 1.35% of LKQ worth $143,683,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of LKQ. Bleakley Financial Group LLC boosted its position in shares of LKQ by 5.3% during the 1st quarter. Bleakley Financial Group LLC now owns 4,572 shares of the auto parts company's stock valued at $244,000 after purchasing an additional 229 shares in the last quarter. Motley Fool Asset Management LLC increased its position in shares of LKQ by 4.6% during the 1st quarter. Motley Fool Asset Management LLC now owns 5,249 shares of the auto parts company's stock valued at $280,000 after purchasing an additional 233 shares during the last quarter. Banque Cantonale Vaudoise raised 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 acquiring an additional 278 shares during the period. Bruce G. Allen Investments LLC lifted its stake 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 valued at $46,000 after purchasing an additional 289 shares during the last quarter. Finally, Asset Management One Co. Ltd. lifted its position in shares of LKQ by 0.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 103,156 shares of the auto parts company's stock valued at $4,118,000 after buying an additional 306 shares during the last quarter. Institutional investors and hedge funds own 95.63% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on LKQ. Stifel Nicolaus dropped their price target 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. Barrington Research restated an "outperform" rating and issued a $60.00 price objective on shares of LKQ in a research report on Friday, October 25th. StockNews.com lowered LKQ from a "buy" rating to a "hold" rating in a research note on Tuesday. Robert W. Baird lowered their price objective on shares of LKQ from $50.00 to $48.00 and set an "outperform" rating for the company in a report on Friday, October 25th. Finally, Roth Mkm restated a "buy" rating and set a $59.00 target price on shares of LKQ in a report on Thursday, September 12th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $53.80.

LKQ Trading Up 0.3 %

Shares of NASDAQ:LKQ traded up $0.10 on Tuesday, hitting $37.66. The company had a trading volume of 1,416,890 shares, compared to its average volume of 1,925,838. LKQ Co. has a 1 year low of $35.57 and a 1 year high of $53.68. The firm has a market capitalization of $9.79 billion, a price-to-earnings ratio of 14.01 and a beta of 1.29. The firm's 50-day simple moving average is $39.47 and its two-hundred day simple moving average is $41.37. The company has a quick ratio of 0.67, a current ratio of 1.72 and a debt-to-equity ratio of 0.69.

LKQ (NASDAQ:LKQ - Get Free Report) last posted its quarterly earnings data 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. LKQ had a return on equity of 15.15% and a net margin of 4.90%. The business had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter in the prior year, the company earned $0.86 earnings per share. The firm's quarterly revenue was up .4% compared to the same quarter last year. Equities analysts anticipate that LKQ Co. will post 3.43 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders 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 yield of 3.19%. The ex-dividend date of this dividend is Thursday, November 14th. LKQ's payout ratio is 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.