UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduces Position in LKQ Co. (NASDAQ:LKQ)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in LKQ Co. (NASDAQ:LKQ) by 1.4% in the third quarter, HoldingsChannel.com reports. The fund owned 2,406,310 shares of the auto parts company’s stock after selling 33,470 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in LKQ were worth $96,060,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LKQ. Massachusetts Financial Services Co. MA raised its stake in shares of LKQ by 0.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 11,977,708 shares of the auto parts company’s stock worth $478,150,000 after purchasing an additional 33,212 shares during the last quarter. FMR LLC increased its holdings in LKQ by 7.3% in the 3rd quarter. FMR LLC now owns 6,020,689 shares of the auto parts company’s stock worth $240,346,000 after buying an additional 411,390 shares during the period. Dimensional Fund Advisors LP raised its position in LKQ by 6.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,398,538 shares of the auto parts company’s stock worth $182,936,000 after buying an additional 253,639 shares during the last quarter. Cooke & Bieler LP lifted its stake in LKQ by 39.8% during the 2nd quarter. Cooke & Bieler LP now owns 3,067,772 shares of the auto parts company’s stock valued at $127,589,000 after acquiring an additional 873,665 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of LKQ by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,488,432 shares of the auto parts company’s stock valued at $99,338,000 after acquiring an additional 12,766 shares during the last quarter. Institutional investors and hedge funds own 95.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of LKQ from $54.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday, September 12th. Robert W. Baird lowered their target price on LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Roth Mkm reiterated a “buy” rating and set a $59.00 price target 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 research report on Monday, November 18th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $60.00 target price on shares of LKQ in a report on Friday, October 25th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $53.80.

LKQ Stock Up 0.4 %

Shares of LKQ opened at $39.29 on Monday. The company has a current ratio of 1.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.69. The firm has a market cap of $10.21 billion, a P/E ratio of 14.66 and a beta of 1.29. The stock’s 50 day moving average is $38.62 and its two-hundred day moving average is $40.59. LKQ Co. has a 12 month low of $35.57 and a 12 month high of $53.68.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings data on Thursday, October 24th. The auto parts company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $3.65 billion. During the same period in the prior year, the business posted $0.86 earnings per share. The firm’s revenue for the quarter was up .4% on a year-over-year basis. Analysts predict that LKQ Co. will post 3.43 earnings per share for the current fiscal year.

LKQ Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.05%. The ex-dividend date was Thursday, November 14th. LKQ’s 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.