Coldstream Capital Management Inc. Acquires 869 Shares of LKQ Co. (NASDAQ:LKQ)

Coldstream Capital Management Inc. boosted its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 13.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,567 shares of the auto parts company’s stock after purchasing an additional 869 shares during the period. Coldstream Capital Management Inc.’s holdings in LKQ were worth $302,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Squarepoint Ops LLC increased its position in shares of LKQ by 3,683.6% during the second quarter. Squarepoint Ops LLC now owns 274,577 shares of the auto parts company’s stock valued at $11,420,000 after buying an additional 267,320 shares during the period. Oppenheimer & Co. Inc. grew its holdings in shares of LKQ by 28.6% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 65,548 shares of the auto parts company’s stock worth $2,726,000 after acquiring an additional 14,573 shares during the period. Federated Hermes Inc. lifted its stake in shares of LKQ by 2.6% in the 2nd quarter. Federated Hermes Inc. now owns 1,317,672 shares of the auto parts company’s stock valued at $54,802,000 after purchasing an additional 33,459 shares during the period. Regatta Capital Group LLC boosted its position in shares of LKQ by 3.0% during the third quarter. Regatta Capital Group LLC now owns 19,132 shares of the auto parts company’s stock valued at $764,000 after purchasing an additional 556 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in LKQ in the third quarter worth $1,840,000. Institutional investors own 95.63% of the company’s stock.

Wall Street Analyst Weigh In

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

LKQ Trading Down 1.0 %

NASDAQ:LKQ opened at $37.98 on Monday. The stock has a market cap of $9.87 billion, a price-to-earnings ratio of 14.17 and a beta of 1.29. The company has a quick ratio of 0.67, a current ratio of 1.72 and a debt-to-equity ratio of 0.69. The company’s 50 day moving average price is $38.47 and its 200-day moving average price is $40.28. LKQ Co. has a 52 week low of $35.57 and a 52 week high of $53.68.

LKQ (NASDAQ:LKQ) last issued 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. LKQ had a return on equity of 15.15% and a net margin of 4.90%. The business had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.65 billion. During the same period last year, the business posted $0.86 EPS. The company’s revenue was up .4% compared to the same quarter last year. On average, equities research analysts forecast that LKQ Co. will post 3.43 earnings per share for the current fiscal year.

LKQ Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend was Thursday, November 14th. LKQ’s dividend payout ratio is currently 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.