Studio Investment Management LLC Boosts Stock Holdings in LKQ Co. (NASDAQ:LKQ)

Studio Investment Management LLC raised its holdings in LKQ Co. (NASDAQ:LKQ) by 6.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,318 shares of the auto parts company’s stock after purchasing an additional 617 shares during the quarter. Studio Investment Management LLC’s holdings in LKQ were worth $412,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Catalyst Capital Advisors LLC acquired a new position in shares of LKQ during the 3rd quarter worth $25,000. Rothschild Investment LLC acquired a new position in LKQ during the second quarter worth about $33,000. Allworth Financial LP increased its holdings in 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 in the last quarter. Bruce G. Allen Investments LLC lifted its position in shares of LKQ by 33.5% during the 3rd 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 during the period. Finally, Banque Cantonale Vaudoise boosted its stake in shares of LKQ by 29.8% during the 2nd quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company’s stock worth $50,000 after acquiring an additional 278 shares in the last quarter. Institutional investors and hedge funds own 95.63% of the company’s stock.

LKQ Trading Up 1.7 %

Shares of LKQ stock opened at $37.96 on Friday. The company has a market capitalization of $9.87 billion, a price-to-earnings ratio of 14.16 and a beta of 1.29. The company has a current ratio of 1.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.69. The firm has a 50-day moving average price of $38.84 and a 200 day moving average price of $40.88. LKQ Co. has a twelve month low of $35.57 and a twelve month high of $53.68.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings data 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. LKQ had a net margin of 4.90% and a return on equity of 15.15%. The business had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.65 billion. During the same quarter in the previous year, the business posted $0.86 earnings per share. The company’s revenue was up .4% on a year-over-year basis. Research analysts forecast 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. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend is Thursday, November 14th. LKQ’s dividend payout ratio (DPR) is 44.78%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in 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 note on Thursday, September 12th. Roth Mkm reaffirmed a “buy” rating and set a $59.00 price target on shares of LKQ in a research note on Thursday, September 12th. Barrington Research reiterated an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a research report on Friday, October 25th. Robert W. Baird cut 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. Finally, StockNews.com raised shares of LKQ from a “hold” rating to a “buy” rating in a report on Monday. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price 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.