LKQ Co. (NASDAQ:LKQ) Shares Sold by Sasco Capital Inc. CT

Sasco Capital Inc. CT cut its position in LKQ Co. (NASDAQ:LKQ - Free Report) by 15.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 410,210 shares of the auto parts company's stock after selling 72,810 shares during the quarter. LKQ makes up approximately 2.5% of Sasco Capital Inc. CT's investment portfolio, making the stock its 26th largest holding. Sasco Capital Inc. CT owned about 0.16% of LKQ worth $16,376,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Motley Fool Asset Management LLC raised its stake in LKQ by 4.6% in the first quarter. Motley Fool Asset Management LLC now owns 5,249 shares of the auto parts company's stock valued at $280,000 after buying an additional 233 shares during the last quarter. Banque Cantonale Vaudoise boosted its stake in LKQ by 29.8% in the 2nd quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company's stock worth $50,000 after purchasing an additional 278 shares in the last quarter. Bruce G. Allen Investments LLC grew its position in LKQ by 33.5% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,151 shares of the auto parts company's stock worth $46,000 after purchasing an additional 289 shares during the last quarter. Asset Management One Co. Ltd. increased its stake in LKQ by 0.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 103,156 shares of the auto parts company's stock valued at $4,118,000 after purchasing an additional 306 shares in the last quarter. Finally, Montag A & Associates Inc. increased its stake in LKQ by 0.6% during the 2nd quarter. Montag A & Associates Inc. now owns 50,495 shares of the auto parts company's stock valued at $2,100,000 after purchasing an additional 314 shares in the last quarter. 95.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LKQ has been the topic of a number of research analyst reports. 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 report on Thursday, September 12th. Roth Mkm reissued a "buy" rating and issued a $59.00 price objective on shares of LKQ in a report on Thursday, September 12th. Barrington Research reaffirmed an "outperform" rating and set a $60.00 target price on shares of LKQ in a report on Friday, October 25th. Robert W. Baird dropped their target price on LKQ from $50.00 to $48.00 and set an "outperform" rating on the stock in a research report on Friday, October 25th. Finally, StockNews.com raised shares of LKQ from a "hold" rating to a "buy" rating in a research report on Monday. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $53.80.

LKQ Stock Performance

LKQ stock traded down $0.46 during midday trading on Tuesday, hitting $37.60. 2,511,377 shares of the company were exchanged, compared to its average volume of 1,939,202. LKQ Co. has a fifty-two week low of $35.57 and a fifty-two week high of $53.68. The firm has a market capitalization of $9.77 billion, a PE ratio of 14.03 and a beta of 1.29. The business has a fifty day simple moving average of $38.87 and a two-hundred day simple moving average of $40.91. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.72.

LKQ (NASDAQ:LKQ - Get Free Report) last posted its earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.01. The firm had revenue of $3.58 billion during the quarter, compared to analysts' expectations of $3.65 billion. LKQ had a net margin of 4.90% and a return on equity of 15.15%. The business's revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.86 EPS. On average, sell-side analysts forecast that LKQ Co. will post 3.43 earnings per share for the current year.

LKQ Announces Dividend

The firm 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 $0.30 dividend. 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 3.19%. LKQ's payout ratio 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.