Transamerica Financial Advisors Inc. Sells 1,266 Shares of LKQ Co. (NASDAQ:LKQ)

Transamerica Financial Advisors Inc. cut its stake in shares of LKQ Co. (NASDAQ:LKQ) by 42.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,704 shares of the auto parts company’s stock after selling 1,266 shares during the period. Transamerica Financial Advisors Inc.’s holdings in LKQ were worth $68,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Catalyst Capital Advisors LLC purchased a new position in shares of LKQ during the third quarter worth about $25,000. Rothschild Investment LLC purchased a new position in shares of LKQ during the second quarter worth about $33,000. Allworth Financial LP grew its holdings in shares of LKQ by 94.2% during the third quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company’s stock worth $40,000 after purchasing an additional 490 shares in the last quarter. Bruce G. Allen Investments LLC grew its holdings 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 purchasing an additional 289 shares in the last quarter. Finally, Banque Cantonale Vaudoise grew its holdings in shares of 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 purchasing an additional 278 shares in the last quarter. 95.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Stifel Nicolaus cut their price objective on LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a report on Friday, October 25th. JPMorgan Chase & Co. upped their target price on LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a research note on Thursday, September 12th. 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. StockNews.com raised LKQ from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $60.00 target price on shares of LKQ in a research note on Friday, October 25th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $53.80.

LKQ Stock Performance

NASDAQ:LKQ opened at $39.13 on Thursday. The firm has a market cap of $10.17 billion, a PE ratio of 14.60 and a beta of 1.29. LKQ Co. has a fifty-two week low of $35.57 and a fifty-two 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. The business has a 50 day moving average price of $38.70 and a 200-day moving average price of $40.70.

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, beating analysts’ consensus estimates of $0.87 by $0.01. The firm had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.65 billion. LKQ had a return on equity of 15.15% and a net margin of 4.90%. The business’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.86 earnings per share. Equities research analysts predict that LKQ Co. will post 3.43 earnings per share for the current year.

LKQ Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date was Thursday, November 14th. LKQ’s dividend payout ratio (DPR) is presently 44.78%.

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.