LKQ Co. (NASDAQ:LKQ) Shares Sold by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. reduced its holdings in LKQ Co. (NASDAQ:LKQ) by 31.9% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 77,628 shares of the auto parts company’s stock after selling 36,339 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in LKQ were worth $3,099,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Catalyst Capital Advisors LLC bought a new position in LKQ in the third quarter worth about $25,000. Rothschild Investment LLC acquired a new stake in shares of LKQ during the 2nd quarter worth approximately $33,000. Allworth Financial LP lifted its holdings in shares of LKQ by 94.2% in the 3rd quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company’s stock worth $40,000 after purchasing an additional 490 shares during the last quarter. Bruce G. Allen Investments LLC boosted its position in LKQ by 33.5% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,151 shares of the auto parts company’s stock valued at $46,000 after purchasing an additional 289 shares during the period. Finally, Banque Cantonale Vaudoise grew its stake in 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 buying an additional 278 shares during the last quarter. 95.63% of the stock is owned by institutional investors and hedge funds.

LKQ Stock Performance

Shares of LKQ opened at $37.98 on Friday. The firm has a market capitalization of $9.87 billion, a PE ratio of 14.17 and a beta of 1.29. 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 firm has a 50-day moving average price of $38.47 and a 200 day moving average price of $40.29. 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 data on Thursday, October 24th. The auto parts company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.01. LKQ had a net margin of 4.90% and a return on equity of 15.15%. The business had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.65 billion. During the same period last year, the firm posted $0.86 earnings per share. The business’s revenue was up .4% on a year-over-year basis. On average, sell-side analysts anticipate that LKQ Co. will post 3.43 earnings per share for the current fiscal year.

LKQ Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.16%. The ex-dividend date was Thursday, November 14th. LKQ’s dividend payout ratio (DPR) is presently 44.78%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on LKQ shares. Robert W. Baird cut their target price on LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. StockNews.com upgraded shares of LKQ from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Roth Mkm restated a “buy” rating and issued a $59.00 target price on shares of LKQ in a research report on Thursday, September 12th. JPMorgan Chase & Co. raised their price target 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. Finally, Barrington Research reiterated an “outperform” rating and set a $60.00 price objective on shares of LKQ in a research report on Friday, October 25th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, LKQ presently has an average rating of “Buy” and a consensus target price 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.