LKQ Co. (NASDAQ:LKQ) Shares Purchased by Avior Wealth Management LLC

Avior Wealth Management LLC grew its stake in shares of LKQ Co. (NASDAQ:LKQ) by 40.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 24,515 shares of the auto parts company’s stock after acquiring an additional 7,104 shares during the period. Avior Wealth Management LLC’s holdings in LKQ were worth $979,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Catalyst Capital Advisors LLC acquired a new stake in LKQ during the 3rd quarter valued at $25,000. Rothschild Investment LLC purchased a new stake in shares of LKQ during 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 raised its holdings in shares of 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 worth $46,000 after acquiring an additional 289 shares in the last quarter. Finally, Banque Cantonale Vaudoise raised its holdings in shares of LKQ by 29.8% during the second quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company’s stock worth $50,000 after acquiring an additional 278 shares in the last quarter. Institutional investors and hedge funds own 95.63% of the company’s stock.

LKQ Stock Down 0.7 %

LKQ stock opened at $37.32 on Thursday. LKQ Co. has a twelve month low of $35.57 and a twelve month high of $53.68. The company has a market cap of $9.70 billion, a PE ratio of 13.93 and a beta of 1.29. The business’s 50-day simple moving average is $38.84 and its 200 day simple moving average is $40.88. 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 released its quarterly earnings data on Thursday, October 24th. The auto parts company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.01. The company had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.65 billion. LKQ had a return on equity of 15.15% and a net margin of 4.90%. The company’s quarterly revenue was up .4% on a year-over-year basis. During the same period in the previous year, the business earned $0.86 earnings per share. On average, research analysts anticipate that LKQ Co. will post 3.43 earnings per share for the current year.

LKQ Announces Dividend

The business 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 dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend is Thursday, November 14th. LKQ’s payout ratio is 44.78%.

Analysts Set New Price Targets

Several analysts recently issued reports on LKQ shares. Roth Mkm reiterated a “buy” rating and set a $59.00 price objective on shares of LKQ in a report on Thursday, September 12th. Stifel Nicolaus cut their target price on LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, October 25th. JPMorgan Chase & Co. raised 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. Barrington Research restated an “outperform” rating and set a $60.00 target price on shares of LKQ in a report on Friday, October 25th. Finally, StockNews.com raised LKQ from a “hold” rating to a “buy” rating in a research report on Monday. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, LKQ has an average rating of “Buy” and an average target price of $53.80.

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.