Mutual of America Capital Management LLC Cuts Stake in LKQ Co. (NASDAQ:LKQ)

Mutual of America Capital Management LLC lowered its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 3.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 32,435 shares of the auto parts company’s stock after selling 1,233 shares during the quarter. Mutual of America Capital Management LLC’s holdings in LKQ were worth $1,295,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in LKQ. Seizert Capital Partners LLC grew its stake in shares of LKQ by 451.1% during the third quarter. Seizert Capital Partners LLC now owns 1,327,664 shares of the auto parts company’s stock valued at $53,000,000 after buying an additional 1,086,758 shares during the last quarter. Millennium Management LLC boosted its holdings in LKQ by 552.8% during the 2nd quarter. Millennium Management LLC now owns 1,236,158 shares of the auto parts company’s stock valued at $51,412,000 after acquiring an additional 1,046,805 shares during the period. Massachusetts Financial Services Co. MA grew its position in LKQ by 7.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 11,944,496 shares of the auto parts company’s stock worth $496,772,000 after acquiring an additional 875,420 shares during the last quarter. Cooke & Bieler LP increased its stake in LKQ by 39.8% in the 2nd 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 period. Finally, Boston Partners lifted its position in LKQ by 9.5% in the first quarter. Boston Partners now owns 8,220,571 shares of the auto parts company’s stock valued at $438,108,000 after purchasing an additional 712,698 shares during the last quarter. Hedge funds and other institutional investors own 95.63% of the company’s stock.

Analyst Upgrades and Downgrades

LKQ has been the topic of several recent analyst reports. StockNews.com upgraded shares of LKQ from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Robert W. Baird cut their price target 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. Roth Mkm reaffirmed a “buy” rating and set a $59.00 price objective on shares of LKQ in a research note on Thursday, September 12th. JPMorgan Chase & Co. increased 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. Finally, Stifel Nicolaus reduced their price target on LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $53.80.

LKQ Stock Up 3.3 %

Shares of NASDAQ LKQ opened at $39.76 on Tuesday. The firm has a fifty day simple moving average of $38.75 and a two-hundred day simple moving average of $40.77. The firm has a market capitalization of $10.34 billion, a PE ratio of 14.90 and a beta of 1.29. The company has a current ratio of 1.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.69. 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 data on Thursday, October 24th. The auto parts company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.87 by $0.01. LKQ had a net margin of 4.90% and a return on equity of 15.15%. The business had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.65 billion. During the same period last year, the business posted $0.86 earnings per share. LKQ’s quarterly revenue was up .4% compared to the same quarter last year. Equities analysts expect that LKQ Co. will post 3.43 earnings per share for the current year.

LKQ Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be issued a $0.30 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 3.02%. LKQ’s dividend payout ratio (DPR) is 44.78%.

LKQ Company 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.