LKQ Co. (NASDAQ:LKQ) Shares Sold by Worldquant Millennium Advisors LLC

Worldquant Millennium Advisors LLC lessened its stake in shares of LKQ Co. (NASDAQ:LKQ - Free Report) by 72.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,412 shares of the auto parts company's stock after selling 66,348 shares during the quarter. Worldquant Millennium Advisors LLC's holdings in LKQ were worth $1,014,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Addenda Capital Inc. bought a new position in LKQ in the second quarter worth $6,419,000. TCW Group Inc. bought a new position in LKQ in the second quarter worth $6,601,000. Squarepoint Ops LLC raised its holdings in LKQ by 3,683.6% in the second quarter. Squarepoint Ops LLC now owns 274,577 shares of the auto parts company's stock worth $11,420,000 after purchasing an additional 267,320 shares in the last quarter. Cetera Investment Advisers raised its holdings in LKQ by 165.3% in the first quarter. Cetera Investment Advisers now owns 45,940 shares of the auto parts company's stock worth $2,454,000 after purchasing an additional 28,623 shares in the last quarter. Finally, Oppenheimer & Co. Inc. raised its holdings in LKQ by 28.6% in the second quarter. Oppenheimer & Co. Inc. now owns 65,548 shares of the auto parts company's stock worth $2,726,000 after purchasing an additional 14,573 shares in the last quarter. Hedge funds and other institutional investors own 95.63% of the company's stock.

LKQ Price Performance

NASDAQ:LKQ traded up $0.52 during trading hours on Monday, reaching $39.41. The stock had a trading volume of 1,823,245 shares, compared to its average volume of 1,953,751. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.72. LKQ Co. has a 52 week low of $35.57 and a 52 week high of $53.68. The company has a 50 day moving average price of $38.56 and a two-hundred day moving average price of $40.42. The stock has a market capitalization of $10.25 billion, a PE ratio of 14.91 and a beta of 1.29.

LKQ (NASDAQ:LKQ - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter in the prior year, the company earned $0.86 EPS. The business's revenue was up .4% compared to the same quarter last year. As a group, sell-side analysts anticipate that LKQ Co. will post 3.43 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.04%. The ex-dividend date was Thursday, November 14th. LKQ's dividend payout ratio is currently 44.78%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on LKQ. Barrington Research reiterated an "outperform" rating and issued a $60.00 price objective on shares of LKQ in a report on Friday, October 25th. StockNews.com upgraded LKQ from a "hold" rating to a "buy" rating in a report on Monday, November 18th. Stifel Nicolaus reduced their price target on LKQ from $53.00 to $47.00 and set a "buy" rating for the company in a report on Friday, October 25th. JPMorgan Chase & Co. raised their price target on LKQ from $54.00 to $55.00 and gave the company an "overweight" rating in a report on Thursday, September 12th. Finally, Robert W. Baird reduced their price objective on LKQ from $50.00 to $48.00 and set an "outperform" rating for the company in a report on Friday, October 25th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $53.80.

LKQ Company 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.