LKQ Co. (NASDAQ:LKQ) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in shares of LKQ Co. (NASDAQ:LKQ - Free Report) by 1.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,406,310 shares of the auto parts company's stock after selling 33,470 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.93% of LKQ worth $96,060,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Seizert Capital Partners LLC increased its position in shares of LKQ by 451.1% during the third quarter. Seizert Capital Partners LLC now owns 1,327,664 shares of the auto parts company's stock worth $53,000,000 after acquiring an additional 1,086,758 shares in the last quarter. Millennium Management LLC boosted its holdings in LKQ by 552.8% in the 2nd quarter. Millennium Management LLC now owns 1,236,158 shares of the auto parts company's stock valued at $51,412,000 after purchasing an additional 1,046,805 shares during the period. Massachusetts Financial Services Co. MA grew its stake in 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 buying an additional 875,420 shares in the last quarter. Cooke & Bieler LP boosted 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 buying an additional 873,665 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in LKQ by 230.3% during the 2nd quarter. Principal Financial Group Inc. now owns 1,011,132 shares of the auto parts company's stock worth $42,053,000 after acquiring an additional 705,040 shares during the last quarter. 95.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. StockNews.com upgraded LKQ from a "hold" rating to a "buy" rating in a research note on Monday, November 18th. Barrington Research reissued an "outperform" rating and set a $60.00 price target on shares of LKQ in a report on Friday, October 25th. Roth Mkm reaffirmed a "buy" rating and set a $59.00 target price on shares of LKQ in a report on Thursday, September 12th. Robert W. Baird decreased their target price on shares of LKQ from $50.00 to $48.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. boosted their target price on shares of LKQ from $54.00 to $55.00 and gave the stock an "overweight" rating in a report on Thursday, September 12th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $53.80.

LKQ Stock Down 0.0 %

Shares of LKQ stock traded down $0.01 during trading on Monday, reaching $39.28. The company's stock had a trading volume of 2,023,965 shares, compared to its average volume of 1,938,595. The company has a market capitalization of $10.21 billion, a price-to-earnings ratio of 14.57 and a beta of 1.29. The stock's 50-day moving average price is $38.62 and its 200 day moving average price is $40.59. LKQ Co. has a 1-year low of $35.57 and a 1-year high of $53.68. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.72 and a quick ratio of 0.67.

LKQ (NASDAQ:LKQ - Get Free Report) last announced 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 net margin of 4.90% and a return on equity of 15.15%. The business had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter in the prior year, the firm earned $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 EPS for the current year.

LKQ Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were given a $0.30 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.05%. LKQ's dividend payout ratio 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.