Neuberger Berman Group LLC Has $948,000 Holdings in LKQ Corporation (NASDAQ:LKQ)

Neuberger Berman Group LLC grew its holdings in shares of LKQ Corporation (NASDAQ:LKQ) by 162.0% during the first quarter, Holdings Channel.com reports. The institutional investor owned 22,289 shares of the auto parts company’s stock after purchasing an additional 13,781 shares during the quarter. Neuberger Berman Group LLC’s holdings in LKQ were worth $948,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of LKQ. Sterling Capital Management LLC boosted its holdings in shares of LKQ by 49.8% during the 4th quarter. Sterling Capital Management LLC now owns 16,357 shares of the auto parts company’s stock worth $601,000 after buying an additional 5,439 shares in the last quarter. Barclays PLC boosted its holdings in shares of LKQ by 8.4% during the 4th quarter. Barclays PLC now owns 534,960 shares of the auto parts company’s stock worth $19,658,000 after buying an additional 41,542 shares in the last quarter. Guggenheim Capital LLC lifted its holdings in shares of LKQ by 35.0% in the 4th quarter. Guggenheim Capital LLC now owns 17,334 shares of the auto parts company’s stock worth $637,000 after purchasing an additional 4,495 shares in the last quarter. Ontario Teachers Pension Plan Board bought a new position in shares of LKQ in the 4th quarter worth $239,000. Finally, United Capital Financial Advisors LLC lifted its holdings in shares of LKQ by 6.3% in the 4th quarter. United Capital Financial Advisors LLC now owns 6,436 shares of the auto parts company’s stock worth $237,000 after purchasing an additional 382 shares in the last quarter. 95.63% of the stock is currently owned by institutional investors.

LKQ Price Performance

Shares of NASDAQ:LKQ opened at $30.97 on Friday. The company has a current ratio of 1.81, a quick ratio of 0.69 and a debt-to-equity ratio of 0.19. The stock’s fifty day simple moving average is $35.42 and its two-hundred day simple moving average is $38.74. LKQ Corporation has a 1-year low of $28.92 and a 1-year high of $44.82. The stock has a market cap of $7.97 billion, a PE ratio of 11.34 and a beta of 0.92.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings data on Thursday, July 24th. The auto parts company reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.06). LKQ had a net margin of 5.04% and a return on equity of 13.85%. The company had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.62 billion. During the same quarter last year, the business posted $0.98 earnings per share. LKQ’s revenue was down 1.6% on a year-over-year basis. As a group, analysts forecast that LKQ Corporation will post 3.57 EPS for the current fiscal year.

LKQ Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th will be paid a dividend of $0.30 per share. The ex-dividend date is Thursday, August 14th. This represents a $1.20 annualized dividend and a yield of 3.9%. LKQ’s dividend payout ratio (DPR) is 43.96%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Wall Street Zen cut LKQ from a “buy” rating to a “hold” rating in a report on Wednesday, May 21st. Barrington Research reiterated an “outperform” rating and issued a $60.00 target price on shares of LKQ in a report on Tuesday, July 22nd. Finally, Robert W. Baird cut their target price on LKQ from $48.00 to $42.00 and set an “outperform” rating on the stock in a report on Friday, July 25th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $51.40.

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.