LKQ Co. (NASDAQ:LKQ) Position Cut by Farther Finance Advisors LLC

Farther Finance Advisors LLC cut its stake in LKQ Co. (NASDAQ:LKQ) by 12.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 4,763 shares of the auto parts company’s stock after selling 674 shares during the period. Farther Finance Advisors LLC’s holdings in LKQ were worth $190,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of LKQ. Rothschild Investment LLC purchased a new stake in LKQ during the second quarter valued at about $33,000. Allworth Financial LP raised its holdings in LKQ by 94.2% in the 3rd quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company’s stock worth $40,000 after acquiring an additional 490 shares during the period. Bruce G. Allen Investments LLC grew its holdings in LKQ by 33.5% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,151 shares of the auto parts company’s stock valued at $46,000 after buying an additional 289 shares during the last quarter. Banque Cantonale Vaudoise boosted its holdings in LKQ by 29.8% in the 2nd 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 period. Finally, Meeder Asset Management Inc. bought a new position in LKQ during the first quarter valued at about $66,000. Institutional investors and hedge funds own 95.63% of the company’s stock.

Analysts Set New Price Targets

LKQ has been the subject of a number of analyst reports. StockNews.com cut shares of LKQ from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Barrington Research restated an “outperform” rating and set a $60.00 price objective on shares of LKQ in a report on Friday, October 25th. JPMorgan Chase & Co. increased their target price on LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a report on Thursday, September 12th. Roth Mkm reaffirmed a “buy” rating and issued a $59.00 target price on shares of LKQ in a research report on Thursday, September 12th. Finally, Robert W. Baird dropped their target price 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. One investment 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.80.

LKQ Stock Performance

Shares of NASDAQ:LKQ opened at $38.37 on Friday. 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 has a market cap of $9.97 billion, a PE ratio of 14.32 and a beta of 1.29. The company’s 50 day moving average price is $39.17 and its two-hundred day moving average price is $41.17. LKQ Co. has a 12-month low of $35.57 and a 12-month high of $53.68.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.01. LKQ had a net margin of 4.90% and a return on equity of 15.15%. The company 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 posted $0.86 EPS. The firm’s quarterly revenue was up .4% on a year-over-year basis. Equities research analysts predict that LKQ Co. will post 3.43 earnings per share for the current year.

LKQ Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.30 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.13%. LKQ’s payout ratio is presently 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.