Patton Albertson Miller Group LLC Has $4.71 Million Stake in LKQ Co. (NASDAQ:LKQ)

Patton Albertson Miller Group LLC decreased its stake in LKQ Co. (NASDAQ:LKQ) by 8.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 117,938 shares of the auto parts company’s stock after selling 10,265 shares during the quarter. Patton Albertson Miller Group LLC’s holdings in LKQ were worth $4,708,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Catalyst Capital Advisors LLC bought a new stake in shares of LKQ in the third quarter worth about $25,000. Rothschild Investment LLC bought a new stake in shares of LKQ in the second quarter worth about $33,000. Allworth Financial LP increased its holdings in shares of LKQ by 94.2% in 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 increased its holdings in shares of LKQ by 33.5% in 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 increased its holdings in shares of LKQ by 29.8% in 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.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on LKQ shares. Stifel Nicolaus lowered 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 upgraded LKQ from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Roth Mkm reiterated a “buy” rating and set a $59.00 price objective on shares of LKQ in a report on Thursday, September 12th. JPMorgan Chase & Co. increased their price objective on LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a report on Thursday, September 12th. Finally, Barrington Research reiterated an “outperform” rating and set a $60.00 price objective on shares of LKQ in a report on Friday, October 25th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $53.80.

LKQ Stock Up 3.3 %

LKQ stock opened at $39.76 on Tuesday. 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 $38.75 and a two-hundred day moving average price of $40.77. The company has a market cap of $10.34 billion, a price-to-earnings ratio of 14.84 and a beta of 1.29. LKQ Co. has a twelve month low of $35.57 and a twelve month high of $53.68.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings results 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 firm had revenue of $3.58 billion during 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 business’s revenue was up .4% compared to the same quarter last year. During the same period last year, the company earned $0.86 earnings per share. Analysts anticipate that LKQ Co. will post 3.43 EPS for the current fiscal year.

LKQ Dividend Announcement

The firm 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 $0.30 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.02%. LKQ’s payout ratio is 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.