LKQ Co. (NASDAQ:LKQ) Shares Bought by Diversify Wealth Management LLC

Diversify Wealth Management LLC boosted its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 22.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,929 shares of the auto parts company’s stock after buying an additional 1,789 shares during the period. Diversify Wealth Management LLC’s holdings in LKQ were worth $375,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Bleakley Financial Group LLC increased its position in LKQ by 5.3% during the 1st quarter. Bleakley Financial Group LLC now owns 4,572 shares of the auto parts company’s stock valued at $244,000 after buying an additional 229 shares in the last quarter. Motley Fool Asset Management LLC increased its position in LKQ by 4.6% during the 1st quarter. Motley Fool Asset Management LLC now owns 5,249 shares of the auto parts company’s stock valued at $280,000 after buying an additional 233 shares in the last quarter. Banque Cantonale Vaudoise increased its position in LKQ by 29.8% during the 2nd quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company’s stock valued at $50,000 after buying an additional 278 shares in the last quarter. Bruce G. Allen Investments LLC increased its position in 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 valued at $46,000 after buying an additional 289 shares in the last quarter. Finally, Montag A & Associates Inc. increased its position in LKQ by 0.6% during the 2nd quarter. Montag A & Associates Inc. now owns 50,495 shares of the auto parts company’s stock valued at $2,100,000 after buying an additional 314 shares in the last quarter. 95.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Roth Mkm reiterated a “buy” rating and set a $59.00 price target on shares of LKQ in a research note on Thursday, September 12th. Barrington Research reiterated an “outperform” rating and set a $60.00 price target on shares of LKQ in a research note on Friday, October 25th. Robert W. Baird dropped their price target on LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Stifel Nicolaus dropped their price target on LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. boosted their price target on LKQ from $54.00 to $55.00 and gave the company an “overweight” rating in a research note on Thursday, September 12th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, LKQ presently has a consensus rating of “Buy” and an average target price of $53.80.

LKQ Stock Up 0.3 %

Shares of LKQ opened at $36.90 on Friday. LKQ Co. has a 52 week low of $35.57 and a 52 week high of $53.68. 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 company has a market capitalization of $9.59 billion, a price-to-earnings ratio of 13.77 and a beta of 1.28. The stock’s 50-day moving average price is $39.69 and its 200-day moving average price is $41.62.

LKQ (NASDAQ:LKQ) last issued its earnings results on Thursday, October 24th. The auto parts company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter in the prior year, the business earned $0.86 earnings per share. The company’s revenue was up .4% compared to the same quarter last year. On average, sell-side analysts predict that LKQ Co. will post 3.43 EPS for the current year.

LKQ Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Thursday, November 14th will be issued a $0.30 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 3.25%. 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.