Y Intercept Hong Kong Ltd Takes $1 Million Position in LKQ Co. (NASDAQ:LKQ)

Y Intercept Hong Kong Ltd bought a new position in shares of LKQ Co. (NASDAQ:LKQ - Free Report) during the third quarter, according to its most recent filing with the SEC. The fund bought 25,132 shares of the auto parts company's stock, valued at approximately $1,003,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Catalyst Capital Advisors LLC bought a new position in LKQ in the 3rd quarter worth about $25,000. Rothschild Investment LLC purchased a new position in shares of LKQ during the second quarter worth about $33,000. Allworth Financial LP increased its position in shares of LKQ by 94.2% in the third quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company's stock worth $40,000 after purchasing an additional 490 shares during the last quarter. Bruce G. Allen Investments LLC raised its stake in LKQ by 33.5% in the third quarter. Bruce G. Allen Investments LLC now owns 1,151 shares of the auto parts company's stock valued at $46,000 after purchasing an additional 289 shares in the last quarter. Finally, Banque Cantonale Vaudoise lifted its position in LKQ by 29.8% during the second quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company's stock valued at $50,000 after purchasing an additional 278 shares during the last quarter. 95.63% of the stock is owned by hedge funds and other institutional investors.

LKQ Stock Down 1.0 %

LKQ stock traded down $0.39 during trading on Friday, hitting $37.98. 1,495,446 shares of the stock traded hands, compared to its average volume of 1,959,914. 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 stock has a market cap of $9.87 billion, a price-to-earnings ratio of 14.17 and a beta of 1.29. LKQ Co. has a 1 year low of $35.57 and a 1 year high of $53.68. The firm's 50 day moving average is $38.50 and its two-hundred day moving average is $40.34.

LKQ (NASDAQ:LKQ - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.01. The company had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.65 billion. LKQ had a net margin of 4.90% and a return on equity of 15.15%. The firm's quarterly revenue was up .4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.86 earnings per share. On average, sell-side analysts anticipate that LKQ Co. will post 3.43 EPS for the current year.

LKQ Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were given a $0.30 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 3.16%. LKQ's payout ratio is 44.78%.

Wall Street Analysts Forecast Growth

LKQ has been the subject of a number of recent research reports. StockNews.com upgraded LKQ from a "hold" rating to a "buy" rating in a research report on Monday, November 18th. Roth Mkm reaffirmed a "buy" rating and set a $59.00 price target on shares of LKQ in a research report on Thursday, September 12th. Robert W. Baird cut their price objective on LKQ from $50.00 to $48.00 and set an "outperform" rating on the stock in a research report on Friday, October 25th. Barrington Research reaffirmed an "outperform" rating and issued a $60.00 price target on shares of LKQ in a research note on Friday, October 25th. Finally, Stifel Nicolaus reduced their target price on LKQ from $53.00 to $47.00 and set a "buy" rating on the stock in a report on Friday, October 25th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price 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.