Point72 Hong Kong Ltd Takes $2 Million Position in LKQ Co. (NASDAQ:LKQ)

Point72 Hong Kong Ltd bought a new position in shares of LKQ Co. (NASDAQ:LKQ) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 50,183 shares of the auto parts company’s stock, valued at approximately $2,003,000.

Other hedge funds have also added to or reduced their stakes in the company. Catalyst Capital Advisors LLC bought a new position in shares of LKQ in the third quarter valued at $25,000. Rothschild Investment LLC bought a new position in shares of LKQ in the 2nd quarter valued at about $33,000. Allworth Financial LP increased its stake in shares of LKQ by 94.2% during the 3rd quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company’s stock worth $40,000 after purchasing an additional 490 shares during the last quarter. Bruce G. Allen Investments LLC raised its holdings in shares of LKQ by 33.5% in the 3rd 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. Finally, Banque Cantonale Vaudoise lifted its stake in LKQ by 29.8% in the 2nd quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company’s stock valued at $50,000 after purchasing an additional 278 shares during the last quarter. Institutional investors own 95.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. boosted their price target on LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a research report on Thursday, September 12th. Roth Mkm restated a “buy” rating and issued a $59.00 price target on shares of LKQ in a research note on Thursday, September 12th. Robert W. Baird reduced their price objective on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. StockNews.com upgraded shares of LKQ from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Finally, Stifel Nicolaus cut their target price on shares of LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $53.80.

LKQ Stock Up 0.4 %

LKQ stock opened at $39.29 on Monday. The business’s fifty day moving average price is $38.62 and its two-hundred day moving average price is $40.59. The stock has a market capitalization of $10.21 billion, a price-to-earnings ratio of 14.66 and a beta of 1.29. LKQ Co. has a fifty-two week low of $35.57 and a fifty-two week high of $53.68. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.72 and a quick ratio of 0.67.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings data on Thursday, October 24th. The auto parts company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.01. LKQ had a net margin of 4.90% and a return on equity of 15.15%. The business had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.65 billion. During the same quarter in the previous year, the company earned $0.86 EPS. The business’s revenue was up .4% on a year-over-year basis. On average, equities analysts anticipate that LKQ Co. will post 3.43 earnings per share for the current year.

LKQ Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 3.05%. LKQ’s dividend payout ratio is presently 44.78%.

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.