Fmr LLC Has $240.35 Million Position in LKQ Co. (NASDAQ:LKQ)

Fmr LLC lifted its holdings in LKQ Co. (NASDAQ:LKQ) by 7.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,020,689 shares of the auto parts company’s stock after buying an additional 411,390 shares during the period. Fmr LLC’s holdings in LKQ were worth $240,346,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Catalyst Capital Advisors LLC acquired a new position in LKQ in the 3rd quarter valued at approximately $25,000. Rothschild Investment LLC acquired a new position in shares of LKQ in the second quarter worth $33,000. Allworth Financial LP raised its holdings in shares of LKQ by 94.2% during the third 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 in the last quarter. Bruce G. Allen Investments LLC boosted its position in LKQ by 33.5% during the third quarter. Bruce G. Allen Investments LLC now owns 1,151 shares of the auto parts company’s stock valued at $46,000 after purchasing an additional 289 shares during the last quarter. Finally, Banque Cantonale Vaudoise grew its stake in LKQ by 29.8% in the second 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 in the last quarter. Hedge funds and other institutional investors own 95.63% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on LKQ. Stifel Nicolaus reduced their price target on LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a report on Friday, October 25th. StockNews.com raised shares of LKQ from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Roth Mkm restated a “buy” rating and set a $59.00 price target on shares of LKQ in a report on Thursday, September 12th. Robert W. Baird decreased their price objective on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, Barrington Research restated an “outperform” rating and set a $60.00 target price on shares of LKQ in a report on Friday, October 25th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $53.80.

LKQ Price Performance

Shares of LKQ stock opened at $39.29 on Monday. LKQ Co. has a 1-year low of $35.57 and a 1-year high of $53.68. The firm has a fifty day simple moving average of $38.62 and a 200-day simple moving average of $40.59. The company has a current ratio of 1.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $10.21 billion, a price-to-earnings ratio of 14.66 and a beta of 1.29.

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, beating analysts’ consensus estimates 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 net margin of 4.90% and a return on equity of 15.15%. The business’s quarterly revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.86 earnings per share. On average, sell-side analysts expect that LKQ Co. will post 3.43 earnings per share for the current year.

LKQ Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.05%. The ex-dividend date was Thursday, November 14th. LKQ’s dividend payout ratio is currently 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.