LKQ Co. (NASDAQ:LKQ) Stake Raised by Centiva Capital LP

Centiva Capital LP raised its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 14.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,395 shares of the auto parts company’s stock after acquiring an additional 4,719 shares during the quarter. Centiva Capital LP’s holdings in LKQ were worth $1,533,000 at the end of the most recent quarter.

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

LKQ Stock Performance

NASDAQ LKQ opened at $39.42 on Wednesday. The company’s fifty day moving average is $38.59 and its two-hundred day moving average is $40.52. The firm has a market capitalization of $10.25 billion, a price-to-earnings ratio of 14.71 and a beta of 1.29. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.72 and a quick ratio of 0.67. LKQ Co. has a 52-week low of $35.57 and a 52-week high of $53.68.

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

LKQ Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were paid a $0.30 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 3.04%. LKQ’s payout ratio is currently 44.78%.

Wall Street Analysts Forecast Growth

LKQ has been the subject of several analyst reports. Roth Mkm reaffirmed a “buy” rating and issued a $59.00 price objective on shares of LKQ in a research note on Thursday, September 12th. Robert W. Baird lowered their price objective on LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. JPMorgan Chase & Co. boosted their target price on LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a report on Thursday, September 12th. Barrington Research reaffirmed an “outperform” rating and set a $60.00 target price on shares of LKQ in a research report on Friday, October 25th. Finally, Stifel Nicolaus decreased their price objective 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 MarketBeat.com, the company presently 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.