LKQ Co. (NASDAQ:LKQ) Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. trimmed its holdings in LKQ Co. (NASDAQ:LKQ) by 14.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 87,355 shares of the auto parts company’s stock after selling 15,201 shares during the quarter. Daiwa Securities Group Inc.’s holdings in LKQ were worth $3,488,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of LKQ. Cerity Partners LLC grew its stake in LKQ by 15.8% in the 3rd quarter. Cerity Partners LLC now owns 20,178 shares of the auto parts company’s stock valued at $805,000 after acquiring an additional 2,759 shares during the period. Studio Investment Management LLC lifted its stake 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 valued at $412,000 after buying an additional 617 shares in the last quarter. Altiora Financial Group LLC acquired a new stake in LKQ in the 3rd quarter worth about $303,000. Charles Schwab Investment Management Inc. lifted its position in shares of LKQ by 0.5% in 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 acquiring an additional 12,766 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of LKQ by 0.3% in 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 acquiring an additional 33,212 shares during the last quarter. Hedge funds and other institutional investors own 95.63% of the company’s stock.

LKQ Price Performance

Shares of LKQ stock opened at $39.13 on Thursday. 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 $10.17 billion, a PE ratio of 14.60 and a beta of 1.29. The firm’s 50-day moving average is $38.70 and its two-hundred day moving average is $40.70. LKQ Co. has a 12 month low of $35.57 and a 12 month high of $53.68.

LKQ (NASDAQ:LKQ) last released its quarterly earnings data on Thursday, October 24th. The auto parts company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates 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 firm’s quarterly revenue was up .4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.86 earnings per share. Analysts predict that LKQ Co. will post 3.43 earnings per share for the current year.

LKQ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend was Thursday, November 14th. LKQ’s payout ratio is 44.78%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on LKQ shares. Stifel Nicolaus reduced their price objective on LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a research note on Friday, October 25th. StockNews.com raised shares of LKQ from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. JPMorgan Chase & Co. upped their price objective 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. Barrington Research reissued an “outperform” rating and issued a $60.00 target price on shares of LKQ in a research note on Friday, October 25th. Finally, Roth Mkm restated a “buy” rating and issued a $59.00 price target on shares of LKQ in a research report on Thursday, September 12th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, LKQ has an average rating of “Buy” and an average price target of $53.80.

LKQ Company 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.