New South Capital Management Inc. Sells 22,516 Shares of LKQ Co. (NASDAQ:LKQ)

New South Capital Management Inc. lowered its position in shares of LKQ Co. (NASDAQ:LKQ - Free Report) by 1.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,511,395 shares of the auto parts company's stock after selling 22,516 shares during the period. LKQ makes up approximately 2.5% of New South Capital Management Inc.'s portfolio, making the stock its 12th largest position. New South Capital Management Inc. owned approximately 0.58% of LKQ worth $60,335,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Manning & Napier Advisors LLC purchased a new stake in shares of LKQ in the 2nd quarter worth approximately $3,839,000. Capital World Investors grew its holdings in shares of LKQ by 91.0% in the first quarter. Capital World Investors now owns 582,953 shares of the auto parts company's stock valued at $31,136,000 after purchasing an additional 277,700 shares in the last quarter. Addenda Capital Inc. acquired a new position in shares of LKQ in the second quarter valued at approximately $6,419,000. TCW Group Inc. acquired a new position in shares of LKQ in the second quarter valued at approximately $6,601,000. Finally, Swedbank AB purchased a new position in LKQ in the first quarter worth approximately $20,555,000. Institutional investors own 95.63% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on LKQ. JPMorgan Chase & Co. increased their price target on shares of 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 set a $59.00 price target on shares of LKQ in a research note on Thursday, September 12th. Robert W. Baird decreased their target price on shares of LKQ from $50.00 to $48.00 and set an "outperform" rating on the stock in a research report on Friday, October 25th. StockNews.com cut shares of LKQ from a "buy" rating to a "hold" rating in a research report on Tuesday, November 5th. Finally, Stifel Nicolaus reduced their price target on shares of LKQ from $53.00 to $47.00 and set a "buy" rating on the stock in a research report on Friday, October 25th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, LKQ currently has a consensus rating of "Moderate Buy" and an average price target of $53.80.

LKQ Stock Performance

LKQ traded down $0.97 on Tuesday, hitting $38.39. The company had a trading volume of 1,906,535 shares, compared to its average volume of 1,935,494. LKQ Co. has a 1-year low of $35.57 and a 1-year high of $53.68. The stock has a market cap of $9.98 billion, a price-to-earnings ratio of 14.69 and a beta of 1.29. The company's fifty day moving average price is $39.13 and its 200 day moving average price is $41.13. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.72 and a quick ratio of 0.67.

LKQ (NASDAQ:LKQ - Get Free Report) last released its earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share for the quarter, beating analysts' consensus estimates of $0.87 by $0.01. The firm 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 revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.86 EPS. Equities analysts predict that LKQ Co. will post 3.43 earnings per share for the current fiscal year.

LKQ Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Thursday, November 14th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.13%. The ex-dividend date is Thursday, November 14th. LKQ's dividend payout ratio is presently 44.78%.

LKQ Company 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.