National Bank of Canada FI Purchases 60,768 Shares of LKQ Co. (NASDAQ:LKQ)

National Bank of Canada FI raised its holdings in shares of LKQ Co. (NASDAQ:LKQ - Free Report) by 77.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 139,228 shares of the auto parts company's stock after purchasing an additional 60,768 shares during the period. National Bank of Canada FI owned approximately 0.05% of LKQ worth $5,558,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of LKQ. TCW Group Inc. bought a new stake in shares of LKQ during the 2nd quarter valued at about $6,601,000. Squarepoint Ops LLC grew its position in LKQ by 3,683.6% during the second quarter. Squarepoint Ops LLC now owns 274,577 shares of the auto parts company's stock valued at $11,420,000 after buying an additional 267,320 shares during the period. Oppenheimer & Co. Inc. increased its holdings in LKQ by 28.6% during the second quarter. Oppenheimer & Co. Inc. now owns 65,548 shares of the auto parts company's stock valued at $2,726,000 after buying an additional 14,573 shares during the last quarter. Federated Hermes Inc. boosted its stake in shares of LKQ by 2.6% during the 2nd quarter. Federated Hermes Inc. now owns 1,317,672 shares of the auto parts company's stock worth $54,802,000 after acquiring an additional 33,459 shares during the last quarter. Finally, Regatta Capital Group LLC grew its position in shares of LKQ by 3.0% during the 3rd quarter. Regatta Capital Group LLC now owns 19,132 shares of the auto parts company's stock valued at $764,000 after acquiring an additional 556 shares during the period. Institutional investors own 95.63% of the company's stock.

Analyst Upgrades and Downgrades

LKQ has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their price target on LKQ from $54.00 to $55.00 and gave the company an "overweight" rating in a report on Thursday, September 12th. Stifel Nicolaus reduced their target price on shares of LKQ from $53.00 to $47.00 and set a "buy" rating for the company in a report on Friday, October 25th. Barrington Research reaffirmed an "outperform" rating and set a $60.00 price target on shares of LKQ in a report on Friday, October 25th. StockNews.com upgraded shares of LKQ from a "hold" rating to a "buy" rating in a research note on Monday, November 18th. Finally, Roth Mkm reiterated a "buy" rating and issued a $59.00 price target on shares of LKQ in a research note on Thursday, September 12th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $53.80.

LKQ Price Performance

NASDAQ LKQ traded down $0.39 on Friday, reaching $37.98. The company had a trading volume of 1,494,145 shares, compared to its average volume of 1,957,372. The firm's 50 day moving average price is $38.50 and its 200 day moving average price is $40.34. LKQ Co. has a 12 month low of $35.57 and a 12 month high of $53.68. The stock has a market capitalization of $9.87 billion, a PE ratio of 14.17 and a beta of 1.29. 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 released 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. The business had revenue of $3.58 billion for 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 revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.86 EPS. As a group, equities analysts predict that LKQ Co. will post 3.43 earnings per share for the current year.

LKQ Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were issued a $0.30 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.16%. LKQ's dividend payout ratio (DPR) is presently 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.