Aigen Investment Management LP Acquires New Shares in LKQ Co. (NASDAQ:LKQ)

Aigen Investment Management LP bought a new stake in LKQ Co. (NASDAQ:LKQ) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 20,694 shares of the auto parts company’s stock, valued at approximately $826,000.

Other large investors also recently modified their holdings of the company. Catalyst Capital Advisors LLC bought a new stake in LKQ during the 3rd quarter worth approximately $25,000. Rothschild Investment LLC acquired a new position in shares of LKQ in the second quarter valued at approximately $33,000. Allworth Financial LP increased its position in shares of LKQ by 94.2% during the third quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company’s stock worth $40,000 after acquiring an additional 490 shares in the last quarter. Bruce G. Allen Investments LLC raised its holdings in shares of LKQ by 33.5% during the third quarter. Bruce G. Allen Investments LLC now owns 1,151 shares of the auto parts company’s stock worth $46,000 after acquiring an additional 289 shares during the period. Finally, Banque Cantonale Vaudoise boosted 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 worth $50,000 after purchasing an additional 278 shares during the period. 95.63% of the stock is currently owned by institutional investors.

LKQ Trading Down 2.5 %

Shares of LKQ stock opened at $38.39 on Wednesday. LKQ Co. has a 12-month low of $35.57 and a 12-month high of $53.68. 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 business’s 50 day moving average is $39.07 and its 200-day moving average is $41.09. The stock has a market cap of $9.98 billion, a P/E ratio of 14.32 and a beta of 1.29.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings results on Thursday, October 24th. The auto parts company reported $0.88 EPS for the quarter, beating 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 net margin of 4.90% and a return on equity of 15.15%. The company’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter last year, the company posted $0.86 earnings per share. Equities research analysts predict that LKQ Co. will post 3.43 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 3.13%. LKQ’s dividend payout ratio is 44.78%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on LKQ shares. Robert W. Baird dropped their price target on LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. JPMorgan Chase & Co. lifted their target price on LKQ from $54.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday, September 12th. Roth Mkm reaffirmed a “buy” rating and set a $59.00 price target on shares of LKQ in a research report on Thursday, September 12th. Stifel Nicolaus lowered their price objective on shares of LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Finally, StockNews.com cut shares of LKQ from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $53.80.

LKQ 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.