Moran Wealth Management LLC Buys 2,416 Shares of LKQ Co. (NASDAQ:LKQ)

Moran Wealth Management LLC lifted its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 1.9% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 130,905 shares of the auto parts company’s stock after buying an additional 2,416 shares during the period. Moran Wealth Management LLC owned about 0.05% of LKQ worth $5,226,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of LKQ. 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 shares of LKQ during the 2nd quarter worth $33,000. Allworth Financial LP raised its holdings in shares of LKQ by 94.2% during the 3rd quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company’s stock worth $40,000 after buying an additional 490 shares in the last quarter. Bruce G. Allen Investments LLC raised its holdings 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 buying an additional 289 shares in the last quarter. Finally, Banque Cantonale Vaudoise raised its holdings 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 buying an additional 278 shares in the last quarter. Institutional investors and hedge funds own 95.63% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on LKQ shares. Robert W. Baird lowered their target price on LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Roth Mkm reaffirmed a “buy” rating and issued a $59.00 target price on shares of LKQ in a report on Thursday, September 12th. StockNews.com raised LKQ from a “hold” rating to a “buy” rating in a report on Monday. Barrington Research reaffirmed an “outperform” rating and issued a $60.00 target price on shares of LKQ in a report on Friday, October 25th. Finally, Stifel Nicolaus lowered their target price on LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a report on Friday, October 25th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $53.80.

LKQ Trading Down 0.7 %

Shares of LKQ stock opened at $37.32 on Thursday. The stock has a market cap of $9.70 billion, a price-to-earnings ratio of 13.93 and a beta of 1.29. The stock has a 50-day moving average of $38.84 and a 200-day moving average of $40.88. 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 Co. has a 1-year low of $35.57 and a 1-year high of $53.68.

LKQ (NASDAQ:LKQ) last announced 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 for the quarter, compared to analyst estimates of $3.65 billion. During the same quarter in the prior year, the company earned $0.86 EPS. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. On average, equities research analysts forecast that LKQ Co. will post 3.43 earnings per share for the current year.

LKQ Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Thursday, November 14th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.22%. LKQ’s payout ratio is 44.78%.

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.