Thompson Siegel & Walmsley LLC Raises Stock Holdings in LKQ Co. (NASDAQ:LKQ)

Thompson Siegel & Walmsley LLC raised its position in LKQ Co. (NASDAQ:LKQ - Free Report) by 5.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,977,927 shares of the auto parts company's stock after purchasing an additional 110,636 shares during the quarter. LKQ accounts for approximately 1.2% of Thompson Siegel & Walmsley LLC's holdings, making the stock its 20th biggest holding. Thompson Siegel & Walmsley LLC owned approximately 0.76% of LKQ worth $78,959,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA lifted its holdings in LKQ by 7.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 11,944,496 shares of the auto parts company's stock valued at $496,772,000 after buying an additional 875,420 shares in the last quarter. Boston Partners raised its stake in shares of LKQ by 9.5% during the first quarter. Boston Partners now owns 8,220,571 shares of the auto parts company's stock valued at $438,108,000 after acquiring an additional 712,698 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of LKQ by 6.1% in the second quarter. Dimensional Fund Advisors LP now owns 4,398,538 shares of the auto parts company's stock valued at $182,936,000 after purchasing an additional 253,639 shares during the period. Cooke & Bieler LP grew its stake in LKQ by 39.8% in 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, Hsbc Holdings PLC increased its holdings in LKQ by 6.1% during the 2nd quarter. Hsbc Holdings PLC now owns 1,662,509 shares of the auto parts company's stock worth $69,120,000 after purchasing an additional 95,453 shares during the period. Institutional investors own 95.63% of the company's stock.

Analysts Set New Price Targets

LKQ has been the subject of several research reports. Robert W. Baird lowered their target price on LKQ from $50.00 to $48.00 and set an "outperform" rating for the company in a report on Friday, October 25th. Roth Mkm reissued a "buy" rating and set a $59.00 target price on shares of LKQ in a research report on Thursday, September 12th. StockNews.com upgraded shares of LKQ from a "hold" rating to a "buy" rating in a research note on Monday. Stifel Nicolaus cut 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. Finally, JPMorgan Chase & Co. increased their target price on LKQ from $54.00 to $55.00 and gave the company an "overweight" rating in a research report on Thursday, September 12th. Six analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $53.80.

LKQ Stock Up 1.7 %

Shares of NASDAQ LKQ traded up $0.64 during trading hours on Thursday, hitting $37.96. 894,295 shares of the stock were exchanged, compared to its average volume of 1,937,273. LKQ Co. has a 12 month low of $35.57 and a 12 month high of $53.68. The firm has a fifty day moving average price of $38.84 and a 200-day moving average price of $40.88. The company has a quick ratio of 0.67, a current ratio of 1.72 and a debt-to-equity ratio of 0.69. The company has a market cap of $9.87 billion, a PE ratio of 14.13 and a beta of 1.29.

LKQ (NASDAQ:LKQ - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The auto parts company reported $0.88 EPS for the quarter, beating 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 analyst estimates of $3.65 billion. During the same quarter in the prior year, the business posted $0.86 EPS. The business's revenue for the quarter was up .4% compared to the same quarter last year. On average, sell-side analysts expect that LKQ Co. will post 3.43 EPS for the current year.

LKQ Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.16%. 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.