Financial Counselors Inc. Has $14.11 Million Stake in LKQ Co. (NASDAQ:LKQ)

Financial Counselors Inc. increased its position in shares of LKQ Co. (NASDAQ:LKQ) by 23.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 353,452 shares of the auto parts company’s stock after buying an additional 67,592 shares during the period. Financial Counselors Inc. owned 0.14% of LKQ worth $14,110,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Banque Cantonale Vaudoise increased its holdings in LKQ by 29.8% during the second quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company’s stock worth $50,000 after buying an additional 278 shares during the last quarter. Bruce G. Allen Investments LLC increased its holdings 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 purchasing an additional 289 shares during the last quarter. Private Trust Co. NA increased its holdings in shares of LKQ by 31.2% in the third quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company’s stock valued at $50,000 after purchasing an additional 299 shares during the last quarter. Asset Management One Co. Ltd. increased its holdings in shares of LKQ by 0.3% in the third quarter. Asset Management One Co. Ltd. now owns 103,156 shares of the auto parts company’s stock valued at $4,118,000 after purchasing an additional 306 shares during the last quarter. Finally, Montag A & Associates Inc. increased its holdings in shares of LKQ by 0.6% in the second quarter. Montag A & Associates Inc. now owns 50,495 shares of the auto parts company’s stock valued at $2,100,000 after purchasing an additional 314 shares during the last quarter. 95.63% of the stock is currently owned by institutional investors and hedge funds.

LKQ Trading Up 0.3 %

Shares of LKQ stock opened at $39.13 on Friday. The firm has a 50-day moving average of $38.67 and a 200-day moving average of $40.69. The stock has a market cap of $10.17 billion, a PE ratio of 14.60 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 debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.72.

LKQ (NASDAQ:LKQ) last announced its earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share (EPS) 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 company had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.65 billion. During the same quarter in the previous year, the business posted $0.86 earnings per share. LKQ’s quarterly revenue was up .4% on a year-over-year basis. As a group, sell-side analysts forecast that LKQ Co. will post 3.43 EPS for the current year.

LKQ Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 3.07%. LKQ’s dividend payout ratio is 44.78%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Roth Mkm reiterated a “buy” rating and issued a $59.00 price objective on shares of LKQ in a report on Thursday, September 12th. Barrington Research reiterated an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a report on Friday, October 25th. Stifel Nicolaus decreased 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. Robert W. Baird decreased their price objective on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Finally, 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 research report on Thursday, September 12th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $53.80.

LKQ Company 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.