Oppenheimer & Co. Inc. Sells 597 Shares of LKQ Co. (NASDAQ:LKQ)

Oppenheimer & Co. Inc. reduced its position in LKQ Co. (NASDAQ:LKQ) by 0.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,951 shares of the auto parts company’s stock after selling 597 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in LKQ were worth $2,593,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Bleakley Financial Group LLC increased its stake in LKQ by 5.3% in the 1st quarter. Bleakley Financial Group LLC now owns 4,572 shares of the auto parts company’s stock worth $244,000 after acquiring an additional 229 shares during the last quarter. Orion Portfolio Solutions LLC raised its stake in LKQ by 1.7% in the first quarter. Orion Portfolio Solutions LLC now owns 29,058 shares of the auto parts company’s stock valued at $1,552,000 after purchasing an additional 475 shares in the last quarter. Vanguard Group Inc. lifted its position in LKQ by 2.2% during the first quarter. Vanguard Group Inc. now owns 30,897,480 shares of the auto parts company’s stock valued at $1,650,234,000 after purchasing an additional 656,883 shares during the last quarter. Clearbridge Investments LLC bought a new stake in LKQ during the first quarter valued at approximately $26,561,000. Finally, UniSuper Management Pty Ltd grew its stake in LKQ by 522.6% in the 1st quarter. UniSuper Management Pty Ltd now owns 20,939 shares of the auto parts company’s stock worth $1,118,000 after buying an additional 17,576 shares in the last quarter. Hedge funds and other institutional investors own 95.63% of the company’s stock.

LKQ Stock Down 1.3 %

LKQ opened at $38.20 on Friday. The company has a market cap of $9.93 billion, a P/E ratio of 14.25 and a beta of 1.29. LKQ Co. has a 12 month low of $35.57 and a 12 month high of $53.68. The business’s 50-day moving average price is $38.94 and its 200-day moving average price is $41.00. The company has a current ratio of 1.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.69.

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

LKQ Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.14%. The ex-dividend date of this dividend is Thursday, November 14th. LKQ’s dividend payout ratio (DPR) is 44.78%.

Wall Street Analyst Weigh In

LKQ has been the subject of a number of research analyst reports. Robert W. Baird dropped their price objective on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Friday, October 25th. JPMorgan Chase & Co. lifted their price target on LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a research note on Thursday, September 12th. StockNews.com lowered LKQ from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Stifel Nicolaus dropped their target price on LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $59.00 target price on shares of LKQ in a research note on Thursday, September 12th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, LKQ has an average rating of “Moderate Buy” and a consensus target price 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.