National Bank of Canada FI Grows Holdings in LKQ Co. (NASDAQ:LKQ)

National Bank of Canada FI boosted its stake in shares of LKQ Co. (NASDAQ:LKQ) by 77.5% in the third quarter, Holdings Channel reports. The institutional investor owned 139,228 shares of the auto parts company’s stock after purchasing an additional 60,768 shares during the period. National Bank of Canada FI’s holdings in LKQ were worth $5,558,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of LKQ. Wolverine Trading LLC purchased a new position in shares of LKQ in the third quarter worth $298,000. Wahed Invest LLC raised its holdings in shares of LKQ by 9.5% during the third quarter. Wahed Invest LLC now owns 6,374 shares of the auto parts company’s stock valued at $254,000 after purchasing an additional 554 shares during the last quarter. Weiss Asset Management LP bought a new position in LKQ during the third quarter valued at approximately $1,102,000. State Street Corp boosted its holdings in LKQ by 1.2% in the third quarter. State Street Corp now owns 11,449,166 shares of the auto parts company’s stock worth $457,051,000 after purchasing an additional 134,176 shares during the last quarter. Finally, Quantinno Capital Management LP grew its position in LKQ by 109.9% in the 3rd quarter. Quantinno Capital Management LP now owns 12,411 shares of the auto parts company’s stock worth $495,000 after purchasing an additional 6,497 shares during the period. 95.63% of the stock is currently owned by institutional investors.

LKQ Trading Down 0.6 %

Shares of NASDAQ:LKQ opened at $38.37 on Friday. The stock has a 50 day moving average of $38.50 and a 200 day moving average of $40.34. The company has a market cap of $9.97 billion, a PE ratio of 14.32 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 current ratio of 1.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.69.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings results 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 business had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.65 billion. During the same period in the prior year, the business posted $0.86 earnings per share. The company’s revenue was up .4% on a year-over-year basis. As a group, equities research analysts expect that LKQ Co. will post 3.43 EPS for the current year.

LKQ Dividend Announcement

The firm also recently disclosed 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 was Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.13%. LKQ’s payout ratio is 44.78%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. 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. Barrington Research restated an “outperform” rating and set a $60.00 price target on shares of LKQ in a research note on Friday, October 25th. 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 research note on Thursday, September 12th. Roth Mkm restated a “buy” rating and set a $59.00 target price on shares of LKQ in a research report on Thursday, September 12th. Finally, Stifel Nicolaus decreased their price target on shares of LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $53.80.

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.