Financial Enhancement Group LLC Buys New Holdings in LKQ Co. (NASDAQ:LKQ)

Financial Enhancement Group LLC purchased a new position in shares of LKQ Co. (NASDAQ:LKQ) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 140,008 shares of the auto parts company’s stock, valued at approximately $5,589,000. Financial Enhancement Group LLC owned about 0.05% of LKQ at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of LKQ. Radnor Capital Management LLC purchased a new position in shares of LKQ in the third quarter valued at $1,633,000. Catalyst Capital Advisors LLC acquired a new stake in shares of LKQ during the third quarter valued at about $25,000. Asset Management One Co. Ltd. increased its position in shares of LKQ by 0.3% during the third quarter. Asset Management One Co. Ltd. now owns 103,156 shares of the auto parts company’s stock worth $4,118,000 after acquiring an additional 306 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in shares of LKQ by 74.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 65,217 shares of the auto parts company’s stock worth $2,603,000 after acquiring an additional 27,931 shares in the last quarter. Finally, Van ECK Associates Corp boosted its holdings in LKQ by 7.0% in the third quarter. Van ECK Associates Corp now owns 7,372 shares of the auto parts company’s stock valued at $279,000 after purchasing an additional 485 shares during the last quarter. 95.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Roth Mkm restated a “buy” rating and set a $59.00 price objective on shares of LKQ in a report on Thursday, September 12th. Stifel Nicolaus dropped their price target on shares of LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Robert W. Baird reduced their price objective on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. StockNews.com downgraded shares of LKQ from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. lifted their price target on LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a research note on Thursday, September 12th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $53.80.

LKQ Stock Up 1.3 %

Shares of NASDAQ:LKQ opened at $38.14 on Thursday. The company’s fifty day moving average is $39.30 and its two-hundred day moving average is $41.26. 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 Co. has a 1-year low of $35.57 and a 1-year high of $53.68. The stock has a market capitalization of $9.91 billion, a price-to-earnings ratio of 14.23 and a beta of 1.29.

LKQ (NASDAQ:LKQ) last issued its earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $3.65 billion. During the same period last year, the company earned $0.86 earnings per share. The firm’s revenue for the quarter was up .4% on a year-over-year basis. Equities analysts anticipate that LKQ Co. will post 3.43 EPS for the current year.

LKQ Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date is Thursday, November 14th. 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.