Teachers Retirement System of The State of Kentucky Has $783,000 Stock Position in LKQ Co. (NASDAQ:LKQ)

Teachers Retirement System of The State of Kentucky cut its stake in LKQ Co. (NASDAQ:LKQ) by 7.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 19,611 shares of the auto parts company’s stock after selling 1,490 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in LKQ were worth $783,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of LKQ. Toronto Dominion Bank raised its stake in LKQ by 21.5% during the third quarter. Toronto Dominion Bank now owns 94,268 shares of the auto parts company’s stock worth $3,763,000 after acquiring an additional 16,676 shares in the last quarter. Coldstream Capital Management Inc. increased its position in shares of LKQ by 13.0% during the 3rd quarter. Coldstream Capital Management Inc. now owns 7,567 shares of the auto parts company’s stock worth $302,000 after purchasing an additional 869 shares in the last quarter. Geode Capital Management LLC lifted its holdings in LKQ by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 6,542,740 shares of the auto parts company’s stock valued at $260,330,000 after purchasing an additional 21,161 shares during the last quarter. M&T Bank Corp boosted its position in LKQ by 7.2% in the third quarter. M&T Bank Corp now owns 59,157 shares of the auto parts company’s stock valued at $2,361,000 after buying an additional 3,973 shares in the last quarter. Finally, Guardian Wealth Management Inc. grew its stake in LKQ by 1.9% during the third quarter. Guardian Wealth Management Inc. now owns 77,282 shares of the auto parts company’s stock worth $3,085,000 after buying an additional 1,435 shares during the last quarter. Institutional investors own 95.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on LKQ shares. Barrington Research reiterated an “outperform” rating and issued a $60.00 target price on shares of LKQ in a research note on Friday, October 25th. Roth Mkm reiterated a “buy” rating and issued a $59.00 price objective on shares of LKQ in a research report on Thursday, September 12th. StockNews.com upgraded LKQ from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Stifel Nicolaus cut their price target on LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. increased their price objective on shares of LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a report on Thursday, September 12th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $53.80.

LKQ Stock Up 1.0 %

NASDAQ LKQ opened at $36.99 on Thursday. The stock has a fifty day moving average of $38.41 and a 200-day moving average of $40.20. The stock has a market capitalization of $9.62 billion, a P/E ratio of 13.80 and a beta of 1.29. LKQ Co. has a 52 week low of $35.57 and a 52 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.

LKQ (NASDAQ:LKQ) last issued its earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.01. LKQ had a net margin of 4.90% and a return on equity of 15.15%. The company had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same quarter last year, the firm earned $0.86 EPS. The company’s revenue for the quarter was up .4% on a year-over-year basis. On average, equities research analysts forecast that LKQ Co. will post 3.43 EPS for the current year.

LKQ Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were given a $0.30 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.24%. LKQ’s dividend payout ratio is currently 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.