LKQ Co. (NASDAQ:LKQ) is Seizert Capital Partners LLC’s 10th Largest Position

Seizert Capital Partners LLC lifted its position in shares of LKQ Co. (NASDAQ:LKQ) by 451.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 1,327,664 shares of the auto parts company’s stock after buying an additional 1,086,758 shares during the period. LKQ accounts for approximately 2.4% of Seizert Capital Partners LLC’s portfolio, making the stock its 10th largest holding. Seizert Capital Partners LLC owned approximately 0.51% of LKQ worth $53,000,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Millennium Management LLC grew its stake in shares of 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 buying an additional 1,046,805 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of LKQ by 7.9% in the second 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 in the last quarter. Cooke & Bieler LP raised its stake in shares of LKQ by 39.8% in the 2nd quarter. Cooke & Bieler LP now owns 3,067,772 shares of the auto parts company’s stock valued at $127,589,000 after acquiring an additional 873,665 shares during the period. Boston Partners lifted its holdings in shares of LKQ by 9.5% during the 1st quarter. Boston Partners now owns 8,220,571 shares of the auto parts company’s stock valued at $438,108,000 after acquiring an additional 712,698 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in LKQ by 230.3% during the 2nd quarter. Principal Financial Group Inc. now owns 1,011,132 shares of the auto parts company’s stock worth $42,053,000 after purchasing an additional 705,040 shares during the period. Institutional investors and hedge funds own 95.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on LKQ shares. Barrington Research reissued an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a research report on Friday, October 25th. StockNews.com downgraded shares of LKQ from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Roth Mkm restated a “buy” rating and issued a $59.00 target price on shares of LKQ in a research note on Thursday, September 12th. Stifel Nicolaus lowered their price objective on LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. increased their target price on LKQ from $54.00 to $55.00 and gave the company an “overweight” rating in a research note on Thursday, September 12th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $53.80.

LKQ Stock Down 1.3 %

Shares of LKQ stock opened at $38.20 on Friday. The company has a quick ratio of 0.67, a current ratio of 1.72 and a debt-to-equity ratio of 0.69. The business has a 50-day moving average price of $38.94 and a 200 day moving average price of $41.00. LKQ Co. has a fifty-two week low of $35.57 and a fifty-two week high of $53.68. The firm has a market cap of $9.93 billion, a P/E ratio of 14.25 and a beta of 1.29.

LKQ (NASDAQ:LKQ) last posted its quarterly 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 business had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.65 billion. LKQ had a return on equity of 15.15% and a net margin of 4.90%. The business’s revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.86 EPS. On average, sell-side analysts forecast that LKQ Co. will post 3.43 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.14%. The ex-dividend date of this dividend is Thursday, November 14th. LKQ’s dividend payout ratio (DPR) is presently 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.