Dynamic Technology Lab Private Ltd Buys Shares of 52,345 LKQ Co. (NASDAQ:LKQ)

Dynamic Technology Lab Private Ltd bought a new stake in LKQ Co. (NASDAQ:LKQ) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 52,345 shares of the auto parts company’s stock, valued at approximately $2,089,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Seizert Capital Partners LLC lifted its position in LKQ by 451.1% in the 3rd quarter. Seizert Capital Partners LLC now owns 1,327,664 shares of the auto parts company’s stock worth $53,000,000 after buying an additional 1,086,758 shares in the last quarter. Millennium Management LLC raised its holdings in shares of LKQ by 552.8% during the second quarter. Millennium Management LLC now owns 1,236,158 shares of the auto parts company’s stock worth $51,412,000 after acquiring an additional 1,046,805 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in LKQ by 7.9% during 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 purchasing an additional 875,420 shares during the last quarter. Cooke & Bieler LP grew its stake in LKQ by 39.8% in the second quarter. Cooke & Bieler LP now owns 3,067,772 shares of the auto parts company’s stock valued at $127,589,000 after purchasing an additional 873,665 shares in the last quarter. Finally, Boston Partners raised its stake 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 worth $438,108,000 after purchasing an additional 712,698 shares in the last quarter. Institutional investors and hedge funds own 95.63% of the company’s stock.

LKQ Trading Up 1.6 %

Shares of LKQ stock opened at $38.50 on Monday. 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 has a market capitalization of $10.01 billion, a P/E ratio of 14.37 and a beta of 1.29. LKQ Co. has a 12-month low of $35.57 and a 12-month high of $53.68. The firm has a 50-day moving average price of $38.75 and a 200 day moving average price of $40.77.

LKQ (NASDAQ:LKQ) last released its quarterly earnings results on Thursday, October 24th. The auto parts company reported $0.88 EPS for the quarter, topping 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 business had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same period in the prior year, the company earned $0.86 EPS. LKQ’s revenue for the quarter was up .4% on a year-over-year basis. Research analysts forecast that LKQ Co. will post 3.43 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Thursday, November 14th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 3.12%. LKQ’s dividend payout ratio (DPR) is 44.78%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Robert W. Baird lowered their price target on LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Barrington Research restated an “outperform” rating and set a $60.00 price target on shares of LKQ in a research note on Friday, October 25th. JPMorgan Chase & Co. lifted their price objective on shares of LKQ from $54.00 to $55.00 and gave the company an “overweight” rating in a research note on Thursday, September 12th. Roth Mkm restated a “buy” rating and issued a $59.00 target price on shares of LKQ in a report on Thursday, September 12th. Finally, Stifel Nicolaus decreased their target price on shares of LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $53.80.

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.