Centiva Capital LP Has $1.53 Million Position in LKQ Co. (NASDAQ:LKQ)

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

Other large investors have also made changes to their positions in the company. Catalyst Capital Advisors LLC acquired a new position in LKQ in the third quarter valued at about $25,000. Rothschild Investment LLC bought a new position in shares of LKQ in the second quarter valued at approximately $33,000. Allworth Financial LP boosted 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 acquiring an additional 490 shares in the last quarter. Bruce G. Allen Investments LLC grew 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 worth $46,000 after acquiring an additional 289 shares during the last quarter. Finally, Banque Cantonale Vaudoise increased its holdings in LKQ by 29.8% during the 2nd quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company’s stock valued at $50,000 after purchasing an additional 278 shares in the last quarter. Institutional investors own 95.63% of the company’s stock.

Analysts Set New Price Targets

LKQ has been the topic of several research analyst reports. Roth Mkm restated a “buy” rating and set a $59.00 target price on shares of LKQ in a report on Thursday, September 12th. StockNews.com upgraded shares of LKQ from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. JPMorgan Chase & Co. upped their target price on shares of 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 price target 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. Finally, Robert W. Baird reduced 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. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $53.80.

LKQ Trading Up 0.4 %

LKQ opened at $39.42 on Wednesday. LKQ Co. has a fifty-two week low of $35.57 and a fifty-two week high of $53.68. The company has a market cap 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. The firm has a 50 day simple moving average of $38.59 and a 200 day simple moving average of $40.52.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.01. The business had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.65 billion. LKQ had a return on equity of 15.15% and a net margin of 4.90%. The firm’s revenue was up .4% on a year-over-year basis. During the same period last year, the company earned $0.86 EPS. On average, sell-side analysts anticipate that LKQ Co. will post 3.43 earnings per share for the current year.

LKQ Announces Dividend

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

LKQ 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.