Avior Wealth Management LLC Purchases 7,104 Shares of LKQ Co. (NASDAQ:LKQ)

Avior Wealth Management LLC grew its position in LKQ Co. (NASDAQ:LKQ) by 40.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,515 shares of the auto parts company’s stock after acquiring an additional 7,104 shares during the period. Avior Wealth Management LLC’s holdings in LKQ were worth $979,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Massachusetts Financial Services Co. MA raised its stake in shares of LKQ by 7.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 11,944,496 shares of the auto parts company’s stock valued at $496,772,000 after acquiring an additional 875,420 shares during the last quarter. Boston Partners raised its position in shares of LKQ by 9.5% during the 1st quarter. Boston Partners now owns 8,220,571 shares of the auto parts company’s stock valued at $438,108,000 after acquiring an additional 712,698 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of 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 valued at $182,936,000 after acquiring an additional 253,639 shares during the last quarter. Cooke & Bieler LP raised its position in shares of 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 last quarter. Finally, Thompson Siegel & Walmsley LLC raised its position in shares of LKQ by 31.7% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,867,291 shares of the auto parts company’s stock valued at $77,661,000 after acquiring an additional 449,526 shares during the last quarter. Institutional investors own 95.63% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on LKQ shares. StockNews.com upgraded shares of LKQ from a “hold” rating to a “buy” rating in a research report on Monday. JPMorgan Chase & Co. boosted their price target on shares of LKQ from $54.00 to $55.00 and gave the company an “overweight” rating in a report on Thursday, September 12th. Roth Mkm reissued a “buy” rating and issued a $59.00 price target on shares of LKQ in a report on Thursday, September 12th. Robert W. Baird decreased their price target on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, Stifel Nicolaus decreased their price target on shares of LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a report on Friday, October 25th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $53.80.

LKQ Stock Down 0.7 %

Shares of LKQ stock opened at $37.32 on Thursday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.72. The firm’s 50-day moving average is $38.84 and its 200-day moving average is $40.88. The stock has a market cap of $9.70 billion, a price-to-earnings ratio of 13.93 and a beta of 1.29. LKQ Co. has a 52-week low of $35.57 and a 52-week high of $53.68.

LKQ (NASDAQ:LKQ) last issued its earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.01. The company had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.65 billion. LKQ had a net margin of 4.90% and a return on equity of 15.15%. LKQ’s quarterly revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.86 EPS. Sell-side analysts predict that LKQ Co. will post 3.43 EPS for the current year.

LKQ Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 3.22%. LKQ’s dividend payout ratio is currently 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.