QRG Capital Management Inc. Trims Stock Position in LKQ Co. (NASDAQ:LKQ)

QRG Capital Management Inc. cut its position in LKQ Co. (NASDAQ:LKQ) by 22.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,094 shares of the auto parts company’s stock after selling 7,903 shares during the quarter. QRG Capital Management Inc.’s holdings in LKQ were worth $1,082,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of LKQ. Vanguard Group Inc. raised its position in shares of LKQ by 2.2% in the first quarter. Vanguard Group Inc. now owns 30,897,480 shares of the auto parts company’s stock worth $1,650,234,000 after buying an additional 656,883 shares in the last quarter. Massachusetts Financial Services Co. MA raised 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 valued at $496,772,000 after acquiring an additional 875,420 shares in the last quarter. Boston Partners boosted its position in shares of LKQ by 9.5% during the 1st quarter. Boston Partners now owns 8,220,571 shares of the auto parts company’s stock valued at $438,108,000 after acquiring an additional 712,698 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of LKQ by 6.1% during the second quarter. Dimensional Fund Advisors LP now owns 4,398,538 shares of the auto parts company’s stock worth $182,936,000 after purchasing an additional 253,639 shares in the last quarter. Finally, Cooke & Bieler LP increased its position in shares of 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 purchasing an additional 873,665 shares during the last quarter. 95.63% of the stock is owned by institutional investors.

LKQ Stock Down 0.0 %

Shares of NASDAQ LKQ opened at $38.37 on Friday. The company has a market cap of $9.97 billion, a price-to-earnings ratio of 14.32 and a beta of 1.29. The company has a quick ratio of 0.67, a current ratio of 1.72 and a debt-to-equity ratio of 0.69. The firm’s fifty day moving average is $39.17 and its 200 day moving average is $41.17. LKQ Co. has a 52 week low of $35.57 and a 52 week high of $53.68.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings data 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. The firm 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 company’s quarterly revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.86 earnings per share. On average, equities research analysts expect that LKQ Co. will post 3.43 earnings per share for the current year.

LKQ Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be given a $0.30 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.13%. LKQ’s dividend payout ratio is currently 44.78%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on LKQ shares. Roth Mkm reiterated a “buy” rating and set a $59.00 target price on shares of LKQ in a research report on Thursday, September 12th. JPMorgan Chase & Co. lifted their price objective on shares of LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a report on Thursday, September 12th. Stifel Nicolaus reduced their target price on LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. StockNews.com lowered LKQ from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Robert W. Baird reduced 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. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, LKQ has a consensus rating of “Moderate Buy” and a consensus target price of $53.80.

About LKQ

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.