Metis Global Partners LLC Acquires 3,128 Shares of LKQ Co. (NASDAQ:LKQ)

Metis Global Partners LLC grew its position in shares of LKQ Co. (NASDAQ:LKQ) by 11.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,046 shares of the auto parts company’s stock after purchasing an additional 3,128 shares during the quarter. Metis Global Partners LLC’s holdings in LKQ were worth $1,199,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in LKQ. Catalyst Capital Advisors LLC acquired a new position in shares of LKQ in the third quarter valued at 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 stake in shares of LKQ by 94.2% in the third quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company’s stock valued at $40,000 after buying an additional 490 shares during the period. Bruce G. Allen Investments LLC increased its stake in shares of LKQ by 33.5% in the third quarter. Bruce G. Allen Investments LLC now owns 1,151 shares of the auto parts company’s stock valued at $46,000 after buying an additional 289 shares during the period. Finally, Banque Cantonale Vaudoise increased its stake in shares of LKQ by 29.8% in the second quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company’s stock valued at $50,000 after buying an additional 278 shares during the period. Institutional investors and hedge funds own 95.63% of the company’s stock.

LKQ Stock Performance

Shares of LKQ stock opened at $38.20 on Friday. The company has a market cap of $9.93 billion, a price-to-earnings ratio of 14.25 and a beta of 1.29. LKQ Co. has a 52 week low of $35.57 and a 52 week 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 firm has a 50 day moving average of $38.94 and a 200-day moving average of $41.00.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings data on Thursday, October 24th. The auto parts company reported $0.88 EPS 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 company had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter last year, the firm posted $0.86 EPS. The company’s quarterly revenue was up .4% on a year-over-year basis. On average, equities analysts forecast that LKQ Co. will post 3.43 earnings per share for the current year.

LKQ Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Thursday, November 14th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date is Thursday, November 14th. LKQ’s dividend payout ratio is currently 44.78%.

Analyst Ratings Changes

A number of analysts have weighed in on LKQ shares. Robert W. Baird decreased their target price 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. Stifel Nicolaus decreased their target price on shares of LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Roth Mkm reissued a “buy” rating and set a $59.00 target price on shares of LKQ in a research report on Thursday, September 12th. JPMorgan Chase & Co. increased their target price on shares of LKQ from $54.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday, September 12th. Finally, StockNews.com downgraded shares of LKQ from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $53.80.

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.