US Bancorp DE Reduces Holdings in LKQ Co. (NASDAQ:LKQ)

US Bancorp DE reduced its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 20.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,644 shares of the auto parts company’s stock after selling 5,982 shares during the period. US Bancorp DE’s holdings in LKQ were worth $904,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of LKQ. Norden Group LLC purchased a new position in LKQ during the 1st quarter valued at about $403,000. Janney Montgomery Scott LLC raised its holdings in LKQ by 30.6% in the first quarter. Janney Montgomery Scott LLC now owns 27,079 shares of the auto parts company’s stock worth $1,446,000 after buying an additional 6,338 shares during the last quarter. Duality Advisers LP purchased a new position in LKQ in the first quarter worth about $342,000. Empirical Finance LLC raised its holdings in LKQ by 3.7% in the first quarter. Empirical Finance LLC now owns 9,149 shares of the auto parts company’s stock worth $489,000 after buying an additional 327 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its holdings in LKQ by 24.7% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 14,687 shares of the auto parts company’s stock worth $784,000 after buying an additional 2,912 shares during the last quarter. 95.63% of the stock is owned by hedge funds and other institutional investors.

LKQ Stock Performance

Shares of LKQ stock opened at $38.37 on Friday. The company has a 50 day moving average price of $39.17 and a 200-day moving average price of $41.17. LKQ Co. has a 52 week low of $35.57 and a 52 week high of $53.68. The firm has a market capitalization of $9.97 billion, a PE 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.

LKQ (NASDAQ:LKQ) last announced its earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share (EPS) 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 analyst estimates 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 period in the previous year, the business posted $0.86 earnings per share. As a group, 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 announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Thursday, November 14th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 3.13%. LKQ’s dividend payout ratio (DPR) is 44.78%.

Analysts Set New Price Targets

Several research analysts have issued reports on LKQ shares. Roth Mkm reaffirmed a “buy” rating and issued a $59.00 target price on shares of LKQ in a report on Thursday, September 12th. Barrington Research reaffirmed an “outperform” rating and issued a $60.00 target price on shares of LKQ in a report on Friday, October 25th. JPMorgan Chase & Co. lifted their target price 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 decreased their target price on shares of LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a report on Friday, October 25th. Finally, Robert W. Baird reduced their price target on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.80.

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.