Robeco Institutional Asset Management B.V. Acquires 27,931 Shares of LKQ Co. (NASDAQ:LKQ)

Robeco Institutional Asset Management B.V. increased its position in shares of LKQ Co. (NASDAQ:LKQ - Free Report) by 74.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 65,217 shares of the auto parts company's stock after buying an additional 27,931 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in LKQ were worth $2,603,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rothschild Investment LLC acquired a new position in shares of LKQ in the second quarter valued at $33,000. Allworth Financial LP lifted its position in LKQ by 94.2% during 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 boosted its holdings in shares of LKQ by 33.5% during 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 period. Banque Cantonale Vaudoise grew its position 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 valued at $50,000 after purchasing an additional 278 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in LKQ during the 1st quarter worth approximately $66,000. 95.63% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Robert W. Baird decreased their price objective on LKQ from $50.00 to $48.00 and set an "outperform" rating on the stock in a report on Friday, October 25th. Roth Mkm reaffirmed a "buy" rating and set a $59.00 price target on shares of LKQ in a research report on Thursday, September 12th. JPMorgan Chase & Co. lifted their price objective on shares of LKQ from $54.00 to $55.00 and gave the stock an "overweight" rating in a research note on Thursday, September 12th. Barrington Research restated an "outperform" rating and set a $60.00 target price on shares of LKQ in a research report on Friday, October 25th. Finally, StockNews.com downgraded shares of LKQ from a "buy" rating to a "hold" rating in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, LKQ has an average rating of "Moderate Buy" and a consensus price target of $53.80.

LKQ Price Performance

LKQ stock traded down $0.01 during mid-day trading on Friday, hitting $38.37. The stock had a trading volume of 1,976,740 shares, compared to its average volume of 2,686,191. The firm has a fifty day simple moving average of $39.17 and a 200 day simple moving average of $41.15. LKQ Co. has a 52 week low of $35.57 and a 52 week high of $53.68. The company has a current ratio of 1.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $9.97 billion, a P/E ratio of 14.32 and a beta of 1.29.

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, topping the consensus estimate of $0.87 by $0.01. LKQ had a return on equity of 15.15% and a net margin of 4.90%. The firm had revenue of $3.58 billion during the quarter, compared to analysts' expectations of $3.65 billion. During the same period in the prior year, the company earned $0.86 earnings per share. The company's quarterly revenue was up .4% on a year-over-year basis. As a group, research analysts forecast that LKQ Co. will post 3.43 EPS for the current year.

LKQ Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be issued a $0.30 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.13%. LKQ's dividend payout ratio (DPR) is currently 44.78%.

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.