LKQ Co. (NASDAQ:LKQ) Shares Sold by WESCAP Management Group Inc.

WESCAP Management Group Inc. lowered its position in LKQ Co. (NASDAQ:LKQ) by 16.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,628 shares of the auto parts company’s stock after selling 4,997 shares during the period. WESCAP Management Group Inc.’s holdings in LKQ were worth $1,023,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

A number of analysts have recently commented on LKQ shares. JPMorgan Chase & Co. boosted their target price on shares of LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a research note on Thursday, September 12th. Roth Mkm reiterated a “buy” rating and set a $59.00 price objective on shares of LKQ in a research note on Thursday, September 12th. Barrington Research restated an “outperform” rating and issued a $60.00 target price on shares of LKQ in a research report on Friday, October 25th. Stifel Nicolaus dropped their price target on LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Finally, StockNews.com upgraded LKQ from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $53.80.

LKQ Price Performance

LKQ stock opened at $39.72 on Friday. LKQ Co. has a 1 year low of $35.57 and a 1 year high of $53.68. The firm has a market capitalization of $10.33 billion, a PE ratio of 14.82 and a beta of 1.29. 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 business has a 50 day simple moving average of $38.59 and a 200-day simple moving average of $40.51.

LKQ (NASDAQ:LKQ) last issued its earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.01. The business had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.65 billion. LKQ had a return on equity of 15.15% and a net margin of 4.90%. The company’s revenue for the quarter was up .4% on a year-over-year basis. During the same period last year, the company earned $0.86 EPS. Equities research analysts anticipate that LKQ Co. will post 3.43 earnings per share 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 issued a $0.30 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 3.02%. LKQ’s payout ratio is 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.