Goodman Financial Corp Purchases 26,543 Shares of LKQ Co. (NASDAQ:LKQ)

Goodman Financial Corp raised its position in LKQ Co. (NASDAQ:LKQ) by 10.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 286,641 shares of the auto parts company’s stock after purchasing an additional 26,543 shares during the quarter. LKQ accounts for about 2.6% of Goodman Financial Corp’s holdings, making the stock its 26th biggest holding. Goodman Financial Corp owned about 0.11% of LKQ worth $11,443,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Catalyst Capital Advisors LLC bought a new stake in shares of LKQ in the third quarter worth $25,000. Rothschild Investment LLC bought a new stake in shares of LKQ in the 2nd quarter valued at about $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 raised its position 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 last quarter. Finally, Banque Cantonale Vaudoise lifted 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 worth $50,000 after acquiring an additional 278 shares during the period. 95.63% of the stock is owned by institutional investors and hedge funds.

LKQ Trading Up 3.3 %

NASDAQ:LKQ opened at $39.76 on Tuesday. LKQ Co. has a 12 month low of $35.57 and a 12 month high of $53.68. 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 stock has a market capitalization of $10.34 billion, a price-to-earnings ratio of 14.84 and a beta of 1.29. The firm has a fifty day simple moving average of $38.75 and a two-hundred day simple moving average of $40.77.

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

LKQ Announces Dividend

The company also recently announced 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. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date is Thursday, November 14th. LKQ’s payout ratio is 44.78%.

Analyst Upgrades and Downgrades

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 report on Monday, November 18th. Robert W. Baird lowered their target price on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. JPMorgan Chase & Co. boosted their target price on shares of LKQ from $54.00 to $55.00 and gave the company an “overweight” rating in a report on Thursday, September 12th. Roth Mkm reiterated a “buy” rating and set a $59.00 price target on shares of LKQ in a report on Thursday, September 12th. Finally, Stifel Nicolaus dropped their price objective on LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, LKQ presently has a consensus rating of “Buy” and a consensus 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.