LKQ Co. (NASDAQ:LKQ) Shares Purchased by Guardian Wealth Management Inc.

Guardian Wealth Management Inc. grew its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 1.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 77,282 shares of the auto parts company’s stock after acquiring an additional 1,435 shares during the quarter. LKQ comprises approximately 2.2% of Guardian Wealth Management Inc.’s holdings, making the stock its 13th largest position. Guardian Wealth Management Inc.’s holdings in LKQ were worth $3,085,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of LKQ. Catalyst Capital Advisors LLC bought a new stake in LKQ during the third quarter worth approximately $25,000. Rothschild Investment LLC bought a new stake in shares of LKQ in the 2nd quarter worth $33,000. Allworth Financial LP lifted its holdings in shares of LKQ by 94.2% in the third quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company’s stock valued at $40,000 after buying an additional 490 shares during the period. Bruce G. Allen Investments LLC boosted its stake in 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 valued at $46,000 after buying an additional 289 shares in the last quarter. Finally, Banque Cantonale Vaudoise grew 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 acquiring an additional 278 shares during the period. Institutional investors own 95.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Robert W. Baird reduced their target price 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. Stifel Nicolaus decreased their target price on LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, October 25th. JPMorgan Chase & Co. boosted their target price on LKQ from $54.00 to $55.00 and gave the stock 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. Finally, Barrington Research restated an “outperform” rating and set a $60.00 price objective on shares of LKQ in a report on Friday, October 25th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $53.80.

LKQ Price Performance

NASDAQ LKQ opened at $38.89 on Monday. The company has a quick ratio of 0.67, a current ratio of 1.72 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $10.11 billion, a PE ratio of 14.51 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 company has a 50 day moving average price of $38.56 and a two-hundred day moving average price of $40.42.

LKQ (NASDAQ:LKQ) last posted its earnings results 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. The company had revenue of $3.58 billion for 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 revenue was up .4% compared to the same quarter last year. During the same period last year, the company earned $0.86 earnings per share. As a group, equities analysts predict that LKQ Co. will post 3.43 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date was Thursday, November 14th. LKQ’s dividend payout ratio is 44.78%.

About LKQ

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.