LKQ Co. (NASDAQ:LKQ) Shares Acquired by Deroy & Devereaux Private Investment Counsel Inc.

Deroy & Devereaux Private Investment Counsel Inc. lifted its stake in shares of LKQ Co. (NASDAQ:LKQ) by 1.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 564,060 shares of the auto parts company’s stock after acquiring an additional 7,490 shares during the period. Deroy & Devereaux Private Investment Counsel Inc.’s holdings in LKQ were worth $22,517,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in LKQ. Roubaix Capital LLC acquired a new stake in LKQ in the 3rd quarter worth about $1,931,000. Diversify Wealth Management LLC boosted its stake in LKQ by 22.0% in the 3rd quarter. Diversify Wealth Management LLC now owns 9,929 shares of the auto parts company’s stock worth $375,000 after buying an additional 1,789 shares during the last quarter. GW Henssler & Associates Ltd. acquired a new stake in LKQ in the 3rd quarter worth about $209,000. Strategic Blueprint LLC acquired a new stake in LKQ in the 3rd quarter worth about $268,000. Finally, abrdn plc boosted its stake in LKQ by 2.9% in the 3rd quarter. abrdn plc now owns 1,167,099 shares of the auto parts company’s stock worth $46,707,000 after buying an additional 32,947 shares during the last quarter. Institutional investors and hedge funds own 95.63% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on LKQ shares. StockNews.com upgraded LKQ from a “hold” rating to a “buy” rating in a report on Monday. JPMorgan Chase & Co. raised their target price on LKQ from $54.00 to $55.00 and gave the company an “overweight” rating in a report on Thursday, September 12th. Stifel Nicolaus dropped their target price on LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Robert W. Baird dropped their target price on LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Finally, Barrington Research reiterated an “outperform” rating and set a $60.00 target price on shares of LKQ in a report on Friday, October 25th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, LKQ presently has a consensus rating of “Buy” and an average price target of $53.80.

LKQ Stock Performance

Shares of NASDAQ LKQ opened at $36.79 on Friday. The stock has a fifty day moving average price of $39.79 and a two-hundred day moving average price of $41.66. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.72. The firm has a market cap of $9.56 billion, a P/E ratio of 13.73 and a beta of 1.28. LKQ Co. has a 1 year low of $35.57 and a 1 year high of $53.68.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.01. LKQ had a return on equity of 15.15% and a net margin of 4.90%. The firm had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.65 billion. During the same period last year, the company posted $0.86 EPS. The firm’s quarterly revenue was up .4% on a year-over-year basis. Research analysts forecast that LKQ Co. will post 3.43 EPS for the current fiscal year.

LKQ Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.26%. LKQ’s dividend payout ratio (DPR) is presently 44.78%.

About LKQ

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.