Ballentine Partners LLC Has $527,000 Holdings in LKQ Co. (NASDAQ:LKQ)

Ballentine Partners LLC trimmed its position in shares of LKQ Co. (NASDAQ:LKQ) by 5.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,195 shares of the auto parts company’s stock after selling 743 shares during the period. Ballentine Partners LLC’s holdings in LKQ were worth $527,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Bleakley Financial Group LLC increased its stake in LKQ by 5.3% in the first quarter. Bleakley Financial Group LLC now owns 4,572 shares of the auto parts company’s stock valued at $244,000 after acquiring an additional 229 shares during the last quarter. Motley Fool Asset Management LLC boosted its holdings in shares of LKQ by 4.6% in the 1st quarter. Motley Fool Asset Management LLC now owns 5,249 shares of the auto parts company’s stock valued at $280,000 after purchasing an additional 233 shares in the last quarter. Banque Cantonale Vaudoise increased its stake in shares of 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 last quarter. Bruce G. Allen Investments LLC raised its holdings in shares of LKQ by 33.5% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,151 shares of the auto parts company’s stock worth $46,000 after buying an additional 289 shares in the last quarter. Finally, Montag A & Associates Inc. lifted its position in shares of LKQ by 0.6% during the 2nd quarter. Montag A & Associates Inc. now owns 50,495 shares of the auto parts company’s stock worth $2,100,000 after buying an additional 314 shares during the last quarter. 95.63% of the stock is owned by institutional investors.

LKQ Price Performance

Shares of NASDAQ:LKQ opened at $37.55 on Monday. The firm has a market cap of $10.02 billion, a PE ratio of 12.19 and a beta of 1.28. LKQ Co. has a 52 week low of $35.57 and a 52 week high of $53.68. The firm’s fifty day moving average is $40.02 and its 200-day moving average is $41.86. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.70 and a current ratio of 1.75.

LKQ (NASDAQ:LKQ) last released its quarterly earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.01. LKQ had a net margin of 5.03% and a return on equity of 15.33%. The firm had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.65 billion. During the same quarter last year, the business earned $0.86 EPS. The company’s revenue was up .4% compared to the same quarter last year. Sell-side analysts predict that LKQ Co. will post 3.54 earnings per share for the current year.

LKQ Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be given 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 yield of 3.20%. LKQ’s dividend payout ratio (DPR) is currently 38.96%.

Analysts Set New Price Targets

A number of research analysts have issued reports on LKQ shares. Robert W. Baird decreased their target price on LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Friday. Stifel Nicolaus dropped 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. Barrington Research restated an “outperform” rating and issued a $60.00 target price on shares of LKQ in a research report on Friday. Roth Mkm reiterated a “buy” rating and set a $59.00 price target on shares of LKQ in a report on Thursday, September 12th. Finally, JPMorgan Chase & Co. raised their price objective on LKQ from $54.00 to $55.00 and gave the company an “overweight” rating in a report on Thursday, September 12th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, LKQ currently has a consensus rating of “Moderate Buy” and an average price target 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.