Versor Investments LP lowered its holdings in shares of LKQ Co. (NASDAQ:LKQ - Free Report) by 61.6% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,300 shares of the auto parts company's stock after selling 18,100 shares during the period. Versor Investments LP's holdings in LKQ were worth $451,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also bought and sold shares of the company. Access Investment Management LLC increased its position in shares of LKQ by 4.3% during the third quarter. Access Investment Management LLC now owns 125,665 shares of the auto parts company's stock valued at $5,017,000 after acquiring an additional 5,180 shares during the last quarter. Meixler Investment Management Ltd. boosted its position in shares of LKQ by 11.2% in the 3rd quarter. Meixler Investment Management Ltd. now owns 8,667 shares of the auto parts company's stock worth $346,000 after purchasing an additional 872 shares in the last quarter. Kennebec Savings Bank bought a new position in LKQ in the 3rd quarter valued at approximately $57,000. Crossmark Global Holdings Inc. increased its stake in shares of LKQ by 10.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 21,816 shares of the auto parts company's stock worth $871,000 after purchasing an additional 2,047 shares in the last quarter. Finally, Sigma Planning Corp boosted its holdings in shares of LKQ by 12.1% during the 3rd quarter. Sigma Planning Corp now owns 5,813 shares of the auto parts company's stock valued at $232,000 after purchasing an additional 627 shares during the last quarter. Institutional investors and hedge funds own 95.63% of the company's stock.
LKQ Stock Performance
LKQ stock traded down $0.49 during mid-day trading on Friday, reaching $38.20. 1,651,749 shares of the stock traded hands, compared to its average volume of 1,936,782. The stock has a market capitalization of $9.93 billion, a PE ratio of 14.44 and a beta of 1.29. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.72 and a quick ratio of 0.67. The business's 50-day moving average is $38.97 and its 200-day moving average is $41.06. LKQ Co. has a 12-month low of $35.57 and a 12-month high of $53.68.
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. The firm had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.65 billion. LKQ had a return on equity of 15.15% and a net margin of 4.90%. The firm's revenue for the quarter was up .4% on a year-over-year basis. During the same period in the previous year, the business earned $0.86 EPS. As a group, sell-side analysts predict that LKQ Co. will post 3.43 EPS for the current fiscal year.
LKQ Announces Dividend
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 paid 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 3.14%. LKQ's dividend payout ratio is presently 44.78%.
Analysts Set New Price Targets
LKQ has been the topic of several recent research reports. Stifel Nicolaus lowered their price target 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. Robert W. Baird reduced their price objective on shares of LKQ from $50.00 to $48.00 and set an "outperform" rating on the stock in a report on Friday, October 25th. JPMorgan Chase & Co. lifted their target price on shares of LKQ from $54.00 to $55.00 and gave the stock an "overweight" rating in a research report on Thursday, September 12th. StockNews.com downgraded shares of LKQ from a "buy" rating to a "hold" rating in a research note on Tuesday, November 5th. Finally, Roth Mkm reiterated a "buy" rating and set a $59.00 price objective on shares of LKQ in a research note on Thursday, September 12th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, LKQ presently has an average rating of "Moderate Buy" and an average target price of $53.80.
Read Our Latest Stock Analysis on LKQ
About LKQ
(
Free Report)
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.
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