Toronto Dominion Bank Raises Position in LKQ Co. (NASDAQ:LKQ)

Toronto Dominion Bank lifted its stake in LKQ Co. (NASDAQ:LKQ) by 21.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 94,268 shares of the auto parts company’s stock after purchasing an additional 16,676 shares during the quarter. Toronto Dominion Bank’s holdings in LKQ were worth $3,763,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Banque Cantonale Vaudoise boosted its stake 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 period. Bruce G. Allen Investments LLC boosted its stake 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 worth $46,000 after purchasing an additional 289 shares during the period. Private Trust Co. NA boosted its stake in shares of LKQ by 31.2% during the 3rd quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company’s stock worth $50,000 after purchasing an additional 299 shares during the period. Asset Management One Co. Ltd. grew its holdings in LKQ by 0.3% during the 3rd 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. raised its position in LKQ by 0.6% in the 2nd quarter. Montag A & Associates Inc. now owns 50,495 shares of the auto parts company’s stock worth $2,100,000 after purchasing an additional 314 shares during the period. Institutional investors own 95.63% of the company’s stock.

LKQ Price Performance

Shares of LKQ stock opened at $37.98 on Monday. LKQ Co. has a twelve month low of $35.57 and a twelve 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 fifty day simple moving average of $38.47 and a two-hundred day simple moving average of $40.28. The stock has a market capitalization of $9.87 billion, a price-to-earnings ratio of 14.17 and a beta of 1.29.

LKQ (NASDAQ:LKQ) last released its quarterly earnings data on Thursday, October 24th. The auto parts company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.01. The company had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.65 billion. LKQ had a net margin of 4.90% and a return on equity of 15.15%. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.86 earnings per share. On average, analysts predict that LKQ Co. will post 3.43 EPS for the current fiscal year.

LKQ Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend was Thursday, November 14th. LKQ’s dividend payout ratio is currently 44.78%.

Analyst Upgrades and Downgrades

LKQ has been the subject of several recent analyst reports. Robert W. Baird dropped their target price on LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. JPMorgan Chase & Co. upped their price objective on LKQ from $54.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday, September 12th. StockNews.com upgraded LKQ from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Stifel Nicolaus cut their price target 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. Finally, Roth Mkm reiterated a “buy” rating and set a $59.00 price objective on shares of LKQ in a report on Thursday, September 12th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average 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.