New York State Common Retirement Fund Decreases Stock Position in LKQ Co. (NASDAQ:LKQ)

New York State Common Retirement Fund cut its holdings in LKQ Co. (NASDAQ:LKQ) by 7.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 989,371 shares of the auto parts company’s stock after selling 75,464 shares during the quarter. New York State Common Retirement Fund’s holdings in LKQ were worth $39,496,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Creative Financial Designs Inc. ADV raised its holdings in shares of LKQ by 7.5% during the third quarter. Creative Financial Designs Inc. ADV now owns 21,289 shares of the auto parts company’s stock valued at $850,000 after purchasing an additional 1,486 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. grew its position in LKQ by 1.3% in the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 564,060 shares of the auto parts company’s stock worth $22,517,000 after purchasing an additional 7,490 shares during the period. Roubaix Capital LLC purchased a new stake in LKQ during the 3rd quarter valued at $1,931,000. Diversify Wealth Management LLC lifted its holdings in shares of LKQ by 22.0% during the 3rd quarter. Diversify Wealth Management LLC now owns 9,929 shares of the auto parts company’s stock valued at $375,000 after buying an additional 1,789 shares during the period. Finally, GW Henssler & Associates Ltd. purchased a new position in shares of LKQ in the 3rd quarter worth $209,000. Institutional investors own 95.63% of the company’s stock.

Analyst Upgrades and Downgrades

LKQ has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their target price on LKQ from $54.00 to $55.00 and gave the company an “overweight” rating in a report on Thursday, September 12th. StockNews.com upgraded shares of LKQ from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. Robert W. Baird decreased their price target on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Barrington Research reissued an “outperform” rating and set a $60.00 price objective on shares of LKQ in a research report on Friday, October 25th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $59.00 target price on shares of LKQ in a report on Thursday, September 12th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, LKQ has a consensus rating of “Buy” and an average price target of $53.80.

LKQ Stock Performance

Shares of NASDAQ LKQ opened at $36.90 on Friday. The stock has a market cap of $9.59 billion, a PE ratio of 13.77 and a beta of 1.29. LKQ Co. has a 1 year low of $35.57 and a 1 year high of $53.68. The firm has a fifty day moving average price of $39.57 and a 200-day moving average price of $41.54. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.72 and a quick ratio of 0.67.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings results on Thursday, October 24th. The auto parts company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.01. The business had revenue of $3.58 billion for 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%. The business’s quarterly revenue was up .4% on a year-over-year basis. During the same period last year, the firm earned $0.86 earnings per share. Equities analysts anticipate that LKQ Co. will post 3.43 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.25%. The ex-dividend date is Thursday, November 14th. LKQ’s 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.