Dai ichi Life Insurance Company Ltd Trims Position in LKQ Co. (NASDAQ:LKQ)

Dai ichi Life Insurance Company Ltd lowered its stake in shares of LKQ Co. (NASDAQ:LKQ) by 47.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,738 shares of the auto parts company’s stock after selling 15,000 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in LKQ were worth $668,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in LKQ. Banque Cantonale Vaudoise lifted its stake in shares of LKQ by 29.8% in the 2nd quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company’s stock worth $50,000 after acquiring an additional 278 shares during the period. Bruce G. Allen Investments LLC lifted its position in LKQ by 33.5% in the third quarter. Bruce G. Allen Investments LLC now owns 1,151 shares of the auto parts company’s stock valued at $46,000 after purchasing an additional 289 shares during the period. Private Trust Co. NA boosted its holdings in LKQ by 31.2% in the 3rd quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company’s stock valued at $50,000 after purchasing an additional 299 shares in the last quarter. Asset Management One Co. Ltd. increased its position in LKQ by 0.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 103,156 shares of the auto parts company’s stock worth $4,118,000 after purchasing an additional 306 shares during the period. Finally, Montag A & Associates Inc. raised its stake in shares of LKQ by 0.6% during the 2nd quarter. Montag A & Associates Inc. now owns 50,495 shares of the auto parts company’s stock worth $2,100,000 after buying an additional 314 shares in the last quarter. Institutional investors and hedge funds own 95.63% of the company’s stock.

LKQ Stock Performance

LKQ stock opened at $39.13 on Friday. LKQ Co. has a fifty-two week low of $35.57 and a fifty-two week high of $53.68. The company has a market capitalization of $10.17 billion, a price-to-earnings ratio of 14.60 and a beta of 1.29. The stock has a fifty day moving average of $38.67 and a two-hundred day moving average of $40.69. 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 posted its quarterly earnings data on Thursday, October 24th. The auto parts company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.01. The firm had revenue of $3.58 billion during 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% compared to the same quarter last year. During the same quarter last year, the business posted $0.86 EPS. On average, analysts anticipate that LKQ Co. will post 3.43 EPS for the current fiscal year.

LKQ Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were paid a $0.30 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 3.07%. LKQ’s payout ratio is currently 44.78%.

Wall Street Analysts Forecast Growth

LKQ has been the subject of several research analyst reports. Roth Mkm reiterated a “buy” rating and issued a $59.00 price objective on shares of LKQ in a research report on Thursday, September 12th. Barrington Research reissued an “outperform” rating and set a $60.00 price objective on shares of LKQ in a report on Friday, October 25th. Robert W. Baird dropped their target price on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Friday, October 25th. StockNews.com raised LKQ from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Finally, Stifel Nicolaus decreased 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. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus 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.