LKQ Co. (NASDAQ:LKQ) Shares Sold by Winslow Asset Management Inc.

Winslow Asset Management Inc. lessened its position in shares of LKQ Co. (NASDAQ:LKQ) by 7.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 155,041 shares of the auto parts company’s stock after selling 12,397 shares during the period. Winslow Asset Management Inc. owned approximately 0.06% of LKQ worth $6,189,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of LKQ by 1.6% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 679,430 shares of the auto parts company’s stock valued at $27,123,000 after acquiring an additional 10,912 shares in the last quarter. GSA Capital Partners LLP purchased a new position in LKQ in the third quarter valued at about $274,000. Access Investment Management LLC boosted its position in shares of LKQ by 4.3% in the third quarter. Access Investment Management LLC now owns 125,665 shares of the auto parts company’s stock worth $5,017,000 after buying an additional 5,180 shares during the period. Meixler Investment Management Ltd. grew its stake in shares of LKQ by 11.2% in the third quarter. Meixler Investment Management Ltd. now owns 8,667 shares of the auto parts company’s stock valued at $346,000 after buying an additional 872 shares in the last quarter. Finally, Kennebec Savings Bank acquired a new stake in shares of LKQ in the third quarter valued at about $57,000. 95.63% of the stock is currently owned by institutional investors and hedge funds.

LKQ Stock Up 2.6 %

NASDAQ:LKQ opened at $39.36 on Tuesday. The stock has a 50-day simple moving average of $39.13 and a 200 day simple moving average of $41.13. LKQ Co. has a one year low of $35.57 and a one year high of $53.68. The company has a market capitalization of $10.23 billion, a price-to-earnings ratio of 14.69 and a beta of 1.29. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.72.

LKQ (NASDAQ:LKQ) last issued 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 business 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 quarterly revenue was up .4% on a year-over-year basis. During the same period in the previous year, the business earned $0.86 EPS. Sell-side analysts predict that LKQ Co. will post 3.43 EPS for the current fiscal year.

LKQ Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 3.05%. LKQ’s dividend payout ratio is currently 44.78%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on LKQ. Stifel Nicolaus decreased 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. Robert W. Baird decreased their target price on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Roth Mkm reaffirmed a “buy” rating and set a $59.00 price target on shares of LKQ in a report on Thursday, September 12th. Barrington Research reiterated an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a report on Friday, October 25th. Finally, StockNews.com downgraded LKQ from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, LKQ has an average rating of “Moderate Buy” and an average target price of $53.80.

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.