State Street Corp Grows Position in LKQ Co. (NASDAQ:LKQ)

State Street Corp lifted its stake in shares of LKQ Co. (NASDAQ:LKQ - Free Report) by 1.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,449,166 shares of the auto parts company's stock after acquiring an additional 134,176 shares during the period. State Street Corp owned 4.40% of LKQ worth $457,051,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of LKQ. Massachusetts Financial Services Co. MA raised its holdings in LKQ by 0.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 11,977,708 shares of the auto parts company's stock valued at $478,150,000 after buying an additional 33,212 shares during the period. FMR LLC lifted its holdings in shares of LKQ by 7.3% in the 3rd quarter. FMR LLC now owns 6,020,689 shares of the auto parts company's stock worth $240,346,000 after acquiring an additional 411,390 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of LKQ by 6.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,398,538 shares of the auto parts company's stock worth $182,936,000 after purchasing an additional 253,639 shares during the period. Cooke & Bieler LP lifted its stake in LKQ by 39.8% during the second quarter. Cooke & Bieler LP now owns 3,067,772 shares of the auto parts company's stock worth $127,589,000 after purchasing an additional 873,665 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of LKQ by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,488,432 shares of the auto parts company's stock worth $99,338,000 after buying an additional 12,766 shares during the period. Institutional investors and hedge funds own 95.63% of the company's stock.

LKQ Stock Down 1.8 %

Shares of LKQ stock traded down $0.72 on Tuesday, reaching $38.69. 1,925,572 shares of the stock were exchanged, compared to its average volume of 1,953,400. LKQ Co. has a twelve month low of $35.57 and a twelve month 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 company has a market capitalization of $10.06 billion, a price-to-earnings ratio of 14.53 and a beta of 1.29. The business's 50 day moving average price is $38.55 and its 200 day moving average price is $40.39.

LKQ (NASDAQ:LKQ - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The auto parts company reported $0.88 earnings per share (EPS) 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 business 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 firm posted $0.86 EPS. The business's quarterly revenue was up .4% compared to the same quarter last year. As a group, sell-side analysts expect that LKQ Co. will post 3.43 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 3.10%. LKQ's payout ratio is currently 44.78%.

Analyst Ratings Changes

Several research analysts have recently commented on LKQ shares. Stifel Nicolaus lowered 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. JPMorgan Chase & Co. upped their price objective on LKQ from $54.00 to $55.00 and gave the stock an "overweight" rating in a research report on Thursday, September 12th. Roth Mkm reiterated a "buy" rating and issued a $59.00 price objective on shares of LKQ in a research note on Thursday, September 12th. Barrington Research reissued an "outperform" rating and set a $60.00 target price on shares of LKQ in a research note on Friday, October 25th. Finally, StockNews.com upgraded LKQ from a "hold" rating to a "buy" rating in a report on Monday, November 18th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price 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.