Check Capital Management Inc. CA Buys 12,833 Shares of LKQ Co. (NASDAQ:LKQ)

Check Capital Management Inc. CA lifted its position in shares of LKQ Co. (NASDAQ:LKQ) by 0.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,618,860 shares of the auto parts company’s stock after buying an additional 12,833 shares during the period. LKQ makes up about 2.0% of Check Capital Management Inc. CA’s holdings, making the stock its 6th biggest holding. Check Capital Management Inc. CA owned 0.62% of LKQ worth $64,625,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Catalyst Capital Advisors LLC acquired a new position in LKQ during the third quarter valued at approximately $25,000. Rothschild Investment LLC acquired a new stake in LKQ in the 2nd quarter valued at $33,000. Allworth Financial LP raised its position in LKQ by 94.2% in the third quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company’s stock valued at $40,000 after purchasing an additional 490 shares during the period. Bruce G. Allen Investments LLC lifted its stake in shares of LKQ by 33.5% during the third quarter. Bruce G. Allen Investments LLC now owns 1,151 shares of the auto parts company’s stock worth $46,000 after purchasing an additional 289 shares in the last quarter. Finally, Banque Cantonale Vaudoise boosted its position in shares of LKQ by 29.8% in the second quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company’s stock worth $50,000 after buying an additional 278 shares during the period. 95.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LKQ has been the topic of several recent research reports. Barrington Research reissued an “outperform” rating and set a $60.00 price target on shares of LKQ in a research report on Friday, October 25th. StockNews.com downgraded shares of LKQ from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Stifel Nicolaus dropped their price target on shares of LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Robert W. Baird dropped their price target on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Finally, Roth Mkm reiterated a “buy” rating and set a $59.00 price objective on shares of LKQ in a research note on Thursday, September 12th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $53.80.

LKQ Trading Up 0.7 %

Shares of NASDAQ:LKQ opened at $38.69 on Friday. 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’s 50-day moving average price is $38.97 and its 200 day moving average price is $41.06. The company has a market cap of $10.06 billion, a PE ratio of 14.44 and a beta of 1.29. LKQ Co. has a fifty-two week low of $35.57 and a fifty-two week high of $53.68.

LKQ (NASDAQ:LKQ) last released its quarterly earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share for the quarter, beating 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 company had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.65 billion. During the same quarter in the previous year, the company posted $0.86 earnings per share. The business’s revenue for the quarter was up .4% compared to the same quarter last year. Sell-side analysts anticipate that LKQ Co. will post 3.43 earnings per share for the current year.

LKQ Dividend Announcement

The business also recently disclosed 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. This represents a $1.20 annualized dividend and a yield of 3.10%. The ex-dividend date is Thursday, November 14th. LKQ’s payout ratio is currently 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.