Radnor Capital Management LLC Purchases New Holdings in LKQ Co. (NASDAQ:LKQ)

Radnor Capital Management LLC purchased a new stake in LKQ Co. (NASDAQ:LKQ - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 40,900 shares of the auto parts company's stock, valued at approximately $1,633,000.

Several other large investors have also recently bought and sold shares of the stock. Manning & Napier Advisors LLC acquired a new position in LKQ during the second quarter valued at approximately $3,839,000. Capital World Investors raised its position in LKQ by 91.0% during 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. SG Americas Securities LLC raised its position in LKQ by 133.2% during the first quarter. SG Americas Securities LLC now owns 87,091 shares of the auto parts company's stock valued at $4,652,000 after purchasing an additional 49,739 shares in the last quarter. Addenda Capital Inc. bought a new stake in shares of LKQ during the second quarter worth $6,419,000. Finally, TCW Group Inc. bought a new stake in shares of LKQ during the second quarter worth $6,601,000. 95.63% of the stock is owned by institutional investors.

LKQ Stock Performance

NASDAQ:LKQ traded up $0.48 during mid-day trading on Wednesday, hitting $38.14. 3,172,765 shares of the company traded hands, compared to its average volume of 1,931,638. The stock's fifty day moving average price is $39.38 and its 200-day moving average price is $41.29. LKQ Co. has a one year low of $35.57 and a one year high of $53.68. The firm has a market cap of $9.91 billion, a price-to-earnings ratio of 14.05 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 earnings results on Thursday, October 24th. The auto parts company reported $0.88 EPS for the quarter, beating analysts' consensus estimates of $0.87 by $0.01. The firm had revenue of $3.58 billion for the quarter, compared to analysts' expectations of $3.65 billion. LKQ had a return on equity of 15.15% and a net margin of 4.90%. The company's quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.86 earnings per share. Research analysts anticipate 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. Shareholders of record on Thursday, November 14th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend is Thursday, November 14th. LKQ's dividend payout ratio is currently 44.78%.

Wall Street Analysts Forecast Growth

LKQ has been the topic of several research reports. Stifel Nicolaus dropped their price objective on shares of LKQ from $53.00 to $47.00 and set a "buy" rating on the stock in a report on Friday, October 25th. Roth Mkm restated a "buy" rating and issued a $59.00 target price on shares of LKQ in a report on Thursday, September 12th. Barrington Research reaffirmed an "outperform" rating and issued a $60.00 price objective on shares of LKQ in a research report on Friday, October 25th. StockNews.com downgraded shares of LKQ from a "buy" rating to a "hold" rating in a report on Tuesday. Finally, Robert W. Baird lowered their target price on shares of LKQ from $50.00 to $48.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. 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 a consensus price target of $53.80.

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.