65,304 Shares in LKQ Co. (NASDAQ:LKQ) Bought by Point72 DIFC Ltd

Point72 DIFC Ltd acquired a new position in shares of LKQ Co. (NASDAQ:LKQ - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 65,304 shares of the auto parts company's stock, valued at approximately $2,607,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Catalyst Capital Advisors LLC bought a new position in shares of LKQ in the third quarter worth about $25,000. Rothschild Investment LLC bought a new position in shares of LKQ in the second quarter worth about $33,000. Allworth Financial LP lifted its holdings in shares of LKQ by 94.2% in the third quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company's stock worth $40,000 after acquiring an additional 490 shares during the last quarter. Bruce G. Allen Investments LLC lifted its holdings in shares of 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 worth $46,000 after acquiring an additional 289 shares during the last quarter. Finally, Banque Cantonale Vaudoise lifted its holdings in shares of 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 last quarter. Institutional investors own 95.63% of the company's stock.

Analysts Set New Price Targets

LKQ has been the subject of several recent research reports. Barrington Research reaffirmed an "outperform" rating and issued a $60.00 price objective on shares of LKQ in a research note on Friday, October 25th. Robert W. Baird lowered their price objective on LKQ from $50.00 to $48.00 and set an "outperform" rating for the company in a research note on Friday, October 25th. Roth Mkm reaffirmed a "buy" rating and issued a $59.00 price objective on shares of LKQ in a research note on Thursday, September 12th. Stifel Nicolaus lowered their price objective on LKQ from $53.00 to $47.00 and set a "buy" rating for the company in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. upped their price objective on LKQ from $54.00 to $55.00 and gave the company an "overweight" rating in a research note on Thursday, September 12th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, LKQ has an average rating of "Buy" and a consensus target price of $53.80.

LKQ Trading Up 0.6 %

NASDAQ:LKQ traded up $0.24 on Thursday, reaching $39.72. 3,929,217 shares of the stock traded hands, compared to its average volume of 1,949,094. The firm has a market capitalization of $10.33 billion, a price-to-earnings ratio of 14.82 and a beta of 1.29. The company's 50 day moving average is $38.59 and its 200-day moving average is $40.51. The company has a current ratio of 1.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.69. LKQ Co. has a 1-year low of $35.57 and a 1-year high of $53.68.

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, topping the consensus estimate 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 net margin of 4.90% and a return on equity of 15.15%. The company's quarterly revenue was up .4% on a year-over-year basis. During the same quarter last year, the firm posted $0.86 EPS. Equities research analysts anticipate that LKQ Co. will post 3.43 EPS for the current fiscal year.

LKQ Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.02%. The ex-dividend date was Thursday, November 14th. LKQ's dividend payout ratio (DPR) 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.