LKQ Co. (NASDAQ:LKQ) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP decreased its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 37.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,249,816 shares of the auto parts company’s stock after selling 3,751,045 shares during the quarter. Wellington Management Group LLP owned about 2.40% of LKQ worth $249,493,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in LKQ. Wolverine Trading LLC acquired a new stake in LKQ in the third quarter valued at approximately $298,000. Wahed Invest LLC boosted its stake in shares of LKQ by 9.5% in the third quarter. Wahed Invest LLC now owns 6,374 shares of the auto parts company’s stock valued at $254,000 after purchasing an additional 554 shares during the period. Weiss Asset Management LP acquired a new stake in LKQ during the 3rd quarter valued at $1,102,000. State Street Corp increased its stake in LKQ by 1.2% during the 3rd quarter. State Street Corp now owns 11,449,166 shares of the auto parts company’s stock worth $457,051,000 after buying an additional 134,176 shares during the period. Finally, Quantinno Capital Management LP lifted its holdings in LKQ by 109.9% in the 3rd quarter. Quantinno Capital Management LP now owns 12,411 shares of the auto parts company’s stock worth $495,000 after buying an additional 6,497 shares in the last quarter. 95.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on LKQ. Barrington Research reaffirmed an “outperform” rating and set a $60.00 target price on shares of LKQ in a research report on Friday, October 25th. JPMorgan Chase & Co. upped their target price on LKQ from $54.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday, September 12th. Robert W. Baird decreased their price target on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Stifel Nicolaus cut their price target on shares of LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Finally, StockNews.com raised shares of LKQ from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, LKQ has an average rating of “Buy” and a consensus target price of $53.80.

LKQ Stock Performance

LKQ stock opened at $38.89 on Monday. The firm has a market cap of $10.11 billion, a P/E ratio of 14.51 and a beta of 1.29. The stock’s 50 day simple moving average is $38.56 and its 200 day simple moving average is $40.42. The company has a current ratio of 1.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.69. LKQ Co. has a 12-month low of $35.57 and a 12-month high of $53.68.

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 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 analysts’ expectations of $3.65 billion. During the same period in the prior year, the company earned $0.86 earnings per share. The firm’s revenue was up .4% compared to the same quarter last year. As a group, equities research analysts predict that LKQ Co. will post 3.43 EPS for the current year.

LKQ Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.09%. The ex-dividend date was Thursday, November 14th. LKQ’s dividend payout ratio (DPR) is presently 44.78%.

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.