BNP Paribas Financial Markets Has $12.83 Million Position in LKQ Co. (NASDAQ:LKQ)

BNP Paribas Financial Markets reduced its stake in shares of LKQ Co. (NASDAQ:LKQ) by 18.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 321,411 shares of the auto parts company’s stock after selling 71,874 shares during the period. BNP Paribas Financial Markets owned 0.12% of LKQ worth $12,831,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Manning & Napier Advisors LLC acquired a new position in LKQ in the 2nd quarter worth about $3,839,000. Addenda Capital Inc. acquired a new position in LKQ in the second quarter worth approximately $6,419,000. TCW Group Inc. bought a new position in LKQ during the second quarter valued at approximately $6,601,000. Squarepoint Ops LLC lifted its stake 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 valued at $11,420,000 after acquiring an additional 267,320 shares during the last quarter. Finally, Cetera Investment Advisers grew its position 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 acquiring an additional 28,623 shares in the last quarter. 95.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on LKQ. Stifel Nicolaus reduced their price objective on shares of LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Roth Mkm reaffirmed a “buy” rating and issued a $59.00 price target on shares of LKQ in a research report on Thursday, September 12th. Robert W. Baird lowered their price objective on 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. boosted 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. Finally, StockNews.com upgraded LKQ from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $53.80.

LKQ Price Performance

Shares of NASDAQ:LKQ opened at $39.29 on Monday. The company has a market cap of $10.21 billion, a price-to-earnings ratio of 14.66 and a beta of 1.29. The business has a 50 day moving average price of $38.62 and a 200 day moving average price of $40.59. The company has a quick ratio of 0.67, a current ratio of 1.72 and a debt-to-equity ratio of 0.69. LKQ Co. has a twelve month low of $35.57 and a twelve month high of $53.68.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings data 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 analysts’ expectations of $3.65 billion. LKQ had a return on equity of 15.15% and a net margin of 4.90%. LKQ’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.86 earnings per share. Research analysts predict that LKQ Co. will post 3.43 earnings per share for the current year.

LKQ Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend was Thursday, November 14th. LKQ’s dividend payout ratio is currently 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.