LKQ Co. (NASDAQ:LKQ) Shares Bought by Toronto Dominion Bank

Toronto Dominion Bank lifted its position in shares of LKQ Co. (NASDAQ:LKQ - Free Report) by 21.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 94,268 shares of the auto parts company's stock after acquiring an additional 16,676 shares during the quarter. Toronto Dominion Bank's holdings in LKQ were worth $3,763,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Erste Asset Management GmbH acquired a new position in shares of LKQ during the 3rd quarter worth $45,733,000. Seizert Capital Partners LLC increased its holdings in LKQ by 451.1% in the third quarter. Seizert Capital Partners LLC now owns 1,327,664 shares of the auto parts company's stock valued at $53,000,000 after buying an additional 1,086,758 shares in the last quarter. Millennium Management LLC boosted its stake in shares of LKQ by 552.8% during the 2nd quarter. Millennium Management LLC now owns 1,236,158 shares of the auto parts company's stock worth $51,412,000 after acquiring an additional 1,046,805 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of LKQ by 7.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 11,944,496 shares of the auto parts company's stock worth $496,772,000 after acquiring an additional 875,420 shares during the period. Finally, Cooke & Bieler LP increased its stake in LKQ by 39.8% in the 2nd quarter. Cooke & Bieler LP now owns 3,067,772 shares of the auto parts company's stock valued at $127,589,000 after purchasing an additional 873,665 shares in the last quarter. 95.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on LKQ shares. Robert W. Baird lowered their target price on LKQ from $50.00 to $48.00 and set an "outperform" rating on the stock in a report on Friday, October 25th. StockNews.com upgraded shares of LKQ from a "hold" rating to a "buy" rating in a report on Monday, November 18th. JPMorgan Chase & Co. upped their price target on shares of LKQ from $54.00 to $55.00 and gave the company an "overweight" rating in a report on Thursday, September 12th. Barrington Research reissued an "outperform" rating and set a $60.00 price objective on shares of LKQ in a research note on Friday, October 25th. Finally, Stifel Nicolaus cut their price objective on LKQ from $53.00 to $47.00 and set a "buy" rating for the company in a research report on Friday, October 25th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, LKQ currently has an average rating of "Buy" and a consensus price target of $53.80.

LKQ Trading Down 2.3 %

NASDAQ LKQ traded down $0.86 during mid-day trading on Monday, reaching $37.12. 2,227,355 shares of the stock were exchanged, compared to its average volume of 1,961,019. The business's fifty day simple moving average is $38.47 and its 200 day simple moving average is $40.28. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.72. The stock has a market capitalization of $9.65 billion, a PE ratio of 14.24 and a beta of 1.29. LKQ Co. has a 1-year low of $35.57 and a 1-year high of $53.68.

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 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 period in the prior year, the firm posted $0.86 earnings per share. The business's quarterly revenue was up .4% compared to the same quarter last year. On average, research analysts anticipate that LKQ Co. will post 3.43 earnings per share for the current fiscal year.

LKQ Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were issued a dividend of $0.30 per share. The ex-dividend date was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.23%. LKQ's payout ratio is 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.