LKQ Co. (NASDAQ:LKQ) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama decreased its position in LKQ Co. (NASDAQ:LKQ) by 7.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 221,510 shares of the auto parts company’s stock after selling 16,619 shares during the period. Retirement Systems of Alabama owned approximately 0.09% of LKQ worth $8,843,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently modified their holdings of the company. Catalyst Capital Advisors LLC purchased a new position in LKQ during the third quarter valued at approximately $25,000. Rothschild Investment LLC acquired a new position in LKQ during the second quarter worth $33,000. Allworth Financial LP raised its position in shares of LKQ by 94.2% during the 3rd quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company’s stock worth $40,000 after purchasing an additional 490 shares during the last quarter. Bruce G. Allen Investments LLC lifted its position 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 acquiring an additional 289 shares in the last quarter. Finally, Banque Cantonale Vaudoise lifted its holdings in LKQ by 29.8% in the 2nd quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company’s stock valued at $50,000 after purchasing an additional 278 shares in the last quarter. 95.63% of the stock is currently owned by hedge funds and other institutional investors.

LKQ Stock Down 1.4 %

Shares of LKQ stock opened at $36.61 on Wednesday. The company has a quick ratio of 0.67, a current ratio of 1.72 and a debt-to-equity ratio of 0.69. LKQ Co. has a 52-week low of $35.57 and a 52-week high of $53.68. The company has a market capitalization of $9.52 billion, a P/E ratio of 13.66 and a beta of 1.29. The company has a 50 day moving average of $38.44 and a 200 day moving average of $40.24.

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

LKQ Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.28%. LKQ’s dividend payout ratio is presently 44.78%.

Analysts Set New Price Targets

A number of research firms have weighed in on LKQ. StockNews.com raised shares of LKQ from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. JPMorgan Chase & Co. upped 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. Barrington Research restated an “outperform” rating and set a $60.00 price target on shares of LKQ in a research report on Friday, October 25th. Stifel Nicolaus lowered their price objective on shares of LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Finally, Robert W. Baird cut their target price on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, LKQ has an average rating of “Buy” and a consensus target price 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.