Oppenheimer Asset Management Inc. Grows Holdings in LKQ Co. (NASDAQ:LKQ)

Oppenheimer Asset Management Inc. boosted its stake in LKQ Co. (NASDAQ:LKQ - Free Report) by 25.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 398,312 shares of the auto parts company's stock after acquiring an additional 79,830 shares during the period. Oppenheimer Asset Management Inc. owned 0.15% of LKQ worth $15,901,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Manning & Napier Advisors LLC purchased a new position in shares of LKQ in the second quarter worth about $3,839,000. Capital World Investors increased its stake 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 worth $31,136,000 after purchasing an additional 277,700 shares in the last quarter. Addenda Capital Inc. purchased a new position in shares of LKQ in the second quarter worth about $6,419,000. TCW Group Inc. purchased a new position in shares of LKQ in the second quarter worth about $6,601,000. Finally, Swedbank AB purchased a new position in shares of LKQ in the first quarter worth about $20,555,000. Institutional investors own 95.63% of the company's stock.

LKQ Price Performance

LKQ stock traded up $0.27 during midday trading on Thursday, reaching $38.69. The company had a trading volume of 2,073,310 shares, compared to its average volume of 1,936,808. The company has a market capitalization of $10.06 billion, a P/E ratio of 14.44 and a beta of 1.29. 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 Co. has a 1 year low of $35.57 and a 1 year high of $53.68. The firm has a 50-day moving average price of $38.97 and a 200-day moving average price of $41.06.

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, topping analysts' consensus estimates of $0.87 by $0.01. The firm had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.65 billion. LKQ had a net margin of 4.90% and a return on equity of 15.15%. The business's quarterly revenue was up .4% on a year-over-year basis. During the same period in the previous year, the business posted $0.86 EPS. On average, research analysts anticipate that LKQ Co. will post 3.43 earnings per share for the current fiscal year.

LKQ Announces Dividend

The company 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. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 3.10%. LKQ's dividend payout ratio is currently 44.78%.

Wall Street Analyst Weigh In

LKQ has been the subject of several recent analyst reports. Roth Mkm reaffirmed a "buy" rating and set a $59.00 price objective on shares of LKQ in a research note on Thursday, September 12th. JPMorgan Chase & Co. boosted their price objective on shares of LKQ from $54.00 to $55.00 and gave the company an "overweight" rating in a research note on Thursday, September 12th. Stifel Nicolaus reduced their price objective on shares of LKQ from $53.00 to $47.00 and set a "buy" rating for the company in a research note on Friday, October 25th. Barrington Research reaffirmed an "outperform" rating and set a $60.00 price objective on shares of LKQ in a research note on Friday, October 25th. Finally, StockNews.com cut shares of LKQ from a "buy" rating to a "hold" rating in a research note on Tuesday, November 5th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $53.80.

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.