Ferguson Wellman Capital Management Inc. Has $405,000 Position in LKQ Co. (NASDAQ:LKQ)

Ferguson Wellman Capital Management Inc. reduced its position in shares of LKQ Co. (NASDAQ:LKQ) by 97.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,141 shares of the auto parts company’s stock after selling 395,306 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in LKQ were worth $405,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in LKQ. Metis Global Partners LLC increased its stake in shares of LKQ by 11.6% in the third quarter. Metis Global Partners LLC now owns 30,046 shares of the auto parts company’s stock worth $1,199,000 after acquiring an additional 3,128 shares during the last quarter. KBC Group NV increased its stake in shares of LKQ by 33.7% in the third quarter. KBC Group NV now owns 718,305 shares of the auto parts company’s stock worth $28,674,000 after acquiring an additional 181,242 shares during the last quarter. Oppenheimer Asset Management Inc. increased its stake in shares of LKQ by 25.1% in the third quarter. Oppenheimer Asset Management Inc. now owns 398,312 shares of the auto parts company’s stock worth $15,901,000 after acquiring an additional 79,830 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of LKQ by 1.2% in the third quarter. Victory Capital Management Inc. now owns 1,552,916 shares of the auto parts company’s stock worth $61,992,000 after acquiring an additional 18,004 shares during the last quarter. Finally, Aigen Investment Management LP acquired a new position in shares of LKQ in the third quarter worth $826,000. 95.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

LKQ has been the topic of a number of research reports. JPMorgan Chase & Co. upped their price target on shares of LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a research note on Thursday, September 12th. StockNews.com downgraded shares of LKQ from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Roth Mkm reissued a “buy” rating and set a $59.00 target price on shares of LKQ in a research report on Thursday, September 12th. Stifel Nicolaus lowered 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. Finally, Robert W. Baird lowered their target price on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, LKQ currently has a consensus rating of “Moderate Buy” and an average price target of $53.80.

LKQ Stock Up 0.7 %

LKQ stock opened at $38.69 on Friday. 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. The company has a 50-day moving average of $38.97 and a two-hundred day moving average of $41.06. The stock has a market capitalization of $10.06 billion, a price-to-earnings ratio of 14.44 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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.01. LKQ had a net margin of 4.90% and a return on equity of 15.15%. The company had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.65 billion. During the same period in the prior year, the company earned $0.86 earnings per share. The business’s quarterly revenue was up .4% compared to the same quarter last year. As a group, equities research analysts anticipate that LKQ Co. will post 3.43 EPS for the current year.

LKQ Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend is Thursday, November 14th. LKQ’s dividend payout ratio is 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.