LKQ Co. (NASDAQ:LKQ) Shares Sold by Dai ichi Life Insurance Company Ltd

Dai ichi Life Insurance Company Ltd decreased its stake in shares of LKQ Co. (NASDAQ:LKQ) by 47.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 16,738 shares of the auto parts company’s stock after selling 15,000 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in LKQ were worth $668,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Seizert Capital Partners LLC lifted its stake in shares of 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 valued at $53,000,000 after purchasing an additional 1,086,758 shares in the last quarter. Millennium Management LLC lifted its position in LKQ by 552.8% during the second quarter. Millennium Management LLC now owns 1,236,158 shares of the auto parts company’s stock valued at $51,412,000 after buying an additional 1,046,805 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake 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 worth $496,772,000 after buying an additional 875,420 shares during the period. Cooke & Bieler LP increased its position in shares of LKQ by 39.8% in the second quarter. Cooke & Bieler LP now owns 3,067,772 shares of the auto parts company’s stock worth $127,589,000 after acquiring an additional 873,665 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of LKQ by 230.3% in the 2nd quarter. Principal Financial Group Inc. now owns 1,011,132 shares of the auto parts company’s stock valued at $42,053,000 after acquiring an additional 705,040 shares during the period. Hedge funds and other institutional investors own 95.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on LKQ shares. Barrington Research reaffirmed an “outperform” rating and set a $60.00 price target on shares of LKQ in a research report on Friday, October 25th. JPMorgan Chase & Co. upped their target price on LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a research report on Thursday, September 12th. Stifel Nicolaus lowered their target price on 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 target on LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Finally, StockNews.com raised shares of LKQ from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, LKQ presently has a consensus rating of “Buy” and a consensus price target of $53.80.

LKQ Trading Up 0.3 %

NASDAQ:LKQ opened at $39.13 on Friday. 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 one year low of $35.57 and a one year high of $53.68. The business’s 50-day simple moving average is $38.67 and its 200 day simple moving average is $40.69. The stock has a market cap of $10.17 billion, a price-to-earnings ratio of 14.60 and a beta of 1.29.

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, topping analysts’ consensus estimates of $0.87 by $0.01. The business had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.65 billion. LKQ had a net margin of 4.90% and a return on equity of 15.15%. The business’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter last year, the company earned $0.86 earnings per share. As a group, sell-side analysts predict that LKQ Co. will post 3.43 earnings per share for the current fiscal year.

LKQ Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders 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 dividend yield of 3.07%. LKQ’s dividend payout ratio (DPR) is presently 44.78%.

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.