King Luther Capital Management Corp Sells 7,817 Shares of LKQ Co. (NASDAQ:LKQ)

King Luther Capital Management Corp lessened its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 12.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 56,638 shares of the auto parts company’s stock after selling 7,817 shares during the period. King Luther Capital Management Corp’s holdings in LKQ were worth $2,261,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in LKQ. Bessemer Group Inc. increased its holdings in LKQ by 46.9% in the first quarter. Bessemer Group Inc. now owns 2,678 shares of the auto parts company’s stock valued at $143,000 after purchasing an additional 855 shares during the last quarter. Capital World Investors increased its stake in shares of LKQ by 91.0% in the 1st quarter. Capital World Investors now owns 582,953 shares of the auto parts company’s stock valued at $31,136,000 after acquiring an additional 277,700 shares during the last quarter. Earnest Partners LLC raised its position in shares of LKQ by 4.9% in the 1st quarter. Earnest Partners LLC now owns 1,003,258 shares of the auto parts company’s stock valued at $53,584,000 after acquiring an additional 47,122 shares during the period. Janus Henderson Group PLC boosted its stake in LKQ by 869.1% during the 1st quarter. Janus Henderson Group PLC now owns 454,010 shares of the auto parts company’s stock worth $24,248,000 after acquiring an additional 407,162 shares during the last quarter. Finally, Dynasty Wealth Management LLC acquired a new position in LKQ during the first quarter valued at approximately $346,000. Institutional investors and hedge funds own 95.63% of the company’s stock.

LKQ Stock Performance

LKQ opened at $38.50 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.72 and a quick ratio of 0.67. The company has a market capitalization of $10.01 billion, a price-to-earnings ratio of 14.37 and a beta of 1.29. The business’s 50-day moving average price is $38.81 and its two-hundred day moving average price is $40.86. LKQ Co. has a 1 year low of $35.57 and a 1 year high of $53.68.

LKQ (NASDAQ:LKQ) last released its earnings results on Thursday, October 24th. The auto parts company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.87 by $0.01. The firm had revenue of $3.58 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.86 EPS. Equities analysts expect that LKQ Co. will post 3.43 EPS for the current fiscal year.

LKQ Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Thursday, November 14th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date of this dividend is Thursday, November 14th. LKQ’s dividend payout ratio (DPR) is currently 44.78%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Robert W. Baird cut their target price on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Roth Mkm reiterated a “buy” rating and set a $59.00 target price on shares of LKQ in a report on Thursday, September 12th. StockNews.com upgraded LKQ from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Barrington Research reiterated an “outperform” rating and set a $60.00 price objective on shares of LKQ in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. boosted their price objective on LKQ from $54.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday, September 12th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price 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.