Bruni J V & Co. Co. Sells 1,157 Shares of LKQ Co. (NASDAQ:LKQ)

Bruni J V & Co. Co. lowered its stake in shares of LKQ Co. (NASDAQ:LKQ) by 0.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 576,059 shares of the auto parts company’s stock after selling 1,157 shares during the period. LKQ accounts for about 2.6% of Bruni J V & Co. Co.’s investment portfolio, making the stock its 19th largest position. Bruni J V & Co. Co. owned about 0.22% of LKQ worth $22,996,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of LKQ. Manning & Napier Advisors LLC bought a new position in shares of LKQ during the 2nd quarter valued at approximately $3,839,000. Capital World Investors grew its holdings in LKQ by 91.0% during the 1st quarter. Capital World Investors now owns 582,953 shares of the auto parts company’s stock valued at $31,136,000 after purchasing an additional 277,700 shares during the last quarter. Addenda Capital Inc. bought a new stake in shares of LKQ during the 2nd quarter worth approximately $6,419,000. TCW Group Inc. purchased a new stake in LKQ in the 2nd quarter valued at about $6,601,000. Finally, Swedbank AB bought a new stake in shares of LKQ during the first quarter valued at approximately $20,555,000. 95.63% of the stock is currently owned by institutional investors.

LKQ Stock Down 0.4 %

LKQ stock opened at $38.06 on Tuesday. LKQ Co. has a 52 week low of $35.57 and a 52 week high of $53.68. The firm has a market cap of $9.89 billion, a price-to-earnings ratio of 14.20 and a beta of 1.29. The business’s 50-day moving average price is $38.94 and its 200 day moving average price is $40.99. 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 posted 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 firm 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 revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.86 EPS. As a group, sell-side analysts anticipate that LKQ Co. will post 3.43 earnings per share for the current year.

LKQ Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be given a $0.30 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.15%. LKQ’s dividend payout ratio (DPR) is presently 44.78%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. increased their price target on LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a research report on Thursday, September 12th. Roth Mkm restated a “buy” rating and set a $59.00 target price on shares of LKQ in a report on Thursday, September 12th. StockNews.com raised LKQ from a “hold” rating to a “buy” rating in a research report on Monday. Barrington Research reaffirmed an “outperform” rating and set a $60.00 price objective on shares of LKQ in a research report on Friday, October 25th. Finally, Stifel Nicolaus decreased their price target on shares of LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $53.80.

About LKQ

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.