LKQ Co. (NASDAQ:LKQ) Shares Purchased by Quantbot Technologies LP

Quantbot Technologies LP raised its stake in LKQ Co. (NASDAQ:LKQ) by 27,310.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 64,415 shares of the auto parts company’s stock after acquiring an additional 64,180 shares during the quarter. Quantbot Technologies LP’s holdings in LKQ were worth $2,571,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Seizert Capital Partners LLC boosted its holdings in LKQ by 451.1% during the third quarter. Seizert Capital Partners LLC now owns 1,327,664 shares of the auto parts company’s stock worth $53,000,000 after buying an additional 1,086,758 shares in the last quarter. Millennium Management LLC grew its position 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 acquiring an additional 1,046,805 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of LKQ by 7.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 11,944,496 shares of the auto parts company’s stock valued at $496,772,000 after purchasing an additional 875,420 shares in the last quarter. Cooke & Bieler LP raised its holdings in LKQ by 39.8% in the 2nd quarter. Cooke & Bieler LP now owns 3,067,772 shares of the auto parts company’s stock worth $127,589,000 after purchasing an additional 873,665 shares during the period. Finally, Boston Partners boosted its position in LKQ by 9.5% during the first quarter. Boston Partners now owns 8,220,571 shares of the auto parts company’s stock worth $438,108,000 after purchasing an additional 712,698 shares in the last quarter. Hedge funds and other institutional investors own 95.63% of the company’s stock.

LKQ Trading Up 0.3 %

Shares of NASDAQ LKQ opened at $39.13 on Thursday. The company has a current ratio of 1.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $10.17 billion, a PE ratio of 14.60 and a beta of 1.29. LKQ Co. has a twelve month low of $35.57 and a twelve month high of $53.68. The stock has a fifty day simple moving average of $38.70 and a 200-day simple moving average of $40.70.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.01. LKQ had a net margin of 4.90% and a return on equity of 15.15%. The company had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same period in the prior year, the firm earned $0.86 earnings per share. The business’s revenue for the quarter was up .4% compared to the same quarter last year. On average, equities analysts forecast that LKQ Co. will post 3.43 earnings per share for the current year.

LKQ Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend was Thursday, November 14th. LKQ’s dividend payout ratio is currently 44.78%.

Wall Street Analysts Forecast Growth

LKQ has been the subject of a number of recent analyst reports. Roth Mkm restated a “buy” rating and issued a $59.00 price objective on shares of LKQ in a research report on Thursday, September 12th. JPMorgan Chase & Co. upped their price objective on shares of LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a research report on Thursday, September 12th. Barrington Research reiterated an “outperform” rating and issued a $60.00 target price on shares of LKQ in a research report on Friday, October 25th. Stifel Nicolaus dropped their price target on LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Finally, StockNews.com upgraded LKQ from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $53.80.

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.