Point72 DIFC Ltd Invests $2.61 Million in LKQ Co. (NASDAQ:LKQ)

Point72 DIFC Ltd purchased a new position in LKQ Co. (NASDAQ:LKQ) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 65,304 shares of the auto parts company’s stock, valued at approximately $2,607,000.

Other institutional investors also recently bought and sold shares of the company. Catalyst Capital Advisors LLC purchased a new position in LKQ during the 3rd quarter worth $25,000. Rothschild Investment LLC purchased a new position in LKQ during the 2nd quarter worth $33,000. Allworth Financial LP increased its holdings in LKQ by 94.2% during the 3rd quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company’s stock worth $40,000 after purchasing an additional 490 shares during the period. Bruce G. Allen Investments LLC boosted its position in LKQ by 33.5% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,151 shares of the auto parts company’s stock valued at $46,000 after acquiring an additional 289 shares in the last quarter. Finally, Banque Cantonale Vaudoise boosted its position in LKQ by 29.8% during the 2nd quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company’s stock valued at $50,000 after acquiring an additional 278 shares in the last quarter. 95.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LKQ has been the topic of several recent research reports. Stifel Nicolaus dropped their target price on LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. 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. Robert W. Baird reduced their price objective on LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. JPMorgan Chase & Co. lifted their price target on LKQ from $54.00 to $55.00 and gave the company an “overweight” rating in a research note on Thursday, September 12th. Finally, Barrington Research restated an “outperform” rating and issued a $60.00 price target on shares of LKQ in a research note on Friday, October 25th. Six analysts have rated the stock with a buy rating, According to MarketBeat, LKQ presently has an average rating of “Buy” and a consensus price target of $53.80.

LKQ Trading Up 0.2 %

Shares of LKQ stock opened at $39.48 on Thursday. The stock has a market cap of $10.26 billion, a P/E ratio of 14.73 and a beta of 1.29. The stock’s 50 day simple moving average is $38.60 and its 200-day simple moving average is $40.51. LKQ Co. has a 1-year low of $35.57 and a 1-year high of $53.68. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.72 and a quick ratio of 0.67.

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

LKQ Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date was Thursday, November 14th. LKQ’s dividend payout ratio is presently 44.78%.

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.