Dynamic Technology Lab Private Ltd Acquires New Position in LKQ Co. (NASDAQ:LKQ)

Dynamic Technology Lab Private Ltd bought a new position in LKQ Co. (NASDAQ:LKQ) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 52,345 shares of the auto parts company’s stock, valued at approximately $2,089,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cerity Partners LLC grew its position in shares of LKQ by 15.8% during the third quarter. Cerity Partners LLC now owns 20,178 shares of the auto parts company’s stock worth $805,000 after acquiring an additional 2,759 shares during the last quarter. Studio Investment Management LLC grew its position in LKQ by 6.4% in the 3rd quarter. Studio Investment Management LLC now owns 10,318 shares of the auto parts company’s stock worth $412,000 after purchasing an additional 617 shares during the last quarter. Altiora Financial Group LLC acquired a new stake in shares of LKQ in the third quarter valued at approximately $303,000. Charles Schwab Investment Management Inc. raised its holdings in shares of LKQ by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,488,432 shares of the auto parts company’s stock valued at $99,338,000 after buying an additional 12,766 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of LKQ by 0.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 11,977,708 shares of the auto parts company’s stock worth $478,150,000 after buying an additional 33,212 shares during the period. 95.63% of the stock is currently owned by institutional investors and hedge funds.

LKQ Price Performance

Shares of LKQ stock opened at $38.50 on Monday. LKQ Co. has a 52 week low of $35.57 and a 52 week high of $53.68. 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 cap of $10.01 billion, a PE ratio of 14.37 and a beta of 1.29. The company’s 50-day moving average price is $38.75 and its two-hundred day moving average price is $40.77.

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 business had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.65 billion. LKQ had a net margin of 4.90% and a return on equity of 15.15%. The business’s quarterly revenue was up .4% on a year-over-year basis. During the same period in the prior year, the business earned $0.86 earnings per share. As a group, sell-side analysts anticipate that LKQ Co. will post 3.43 EPS for the current fiscal year.

LKQ Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Stifel Nicolaus lowered 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. Robert W. Baird lowered their price target on LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. StockNews.com raised shares of LKQ from a “hold” rating to a “buy” rating in a report on Monday, November 18th. JPMorgan Chase & Co. raised their target price on shares of LKQ from $54.00 to $55.00 and gave the company an “overweight” rating in a research note on Thursday, September 12th. Finally, Roth Mkm restated a “buy” rating and set a $59.00 price target on shares of LKQ in a research report on Thursday, September 12th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target 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.