LKQ Co. (NASDAQ:LKQ) Shares Sold by Vestcor Inc

Vestcor Inc trimmed its stake in shares of LKQ Co. (NASDAQ:LKQ) by 52.9% during the third quarter, Holdings Channel reports. The firm owned 6,024 shares of the auto parts company’s stock after selling 6,770 shares during the period. Vestcor Inc’s holdings in LKQ were worth $240,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in LKQ. Erste Asset Management GmbH bought a new stake in LKQ in the third quarter valued at $45,733,000. 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 valued at $53,000,000 after purchasing an additional 1,086,758 shares during the last quarter. Millennium Management LLC boosted its stake in LKQ by 552.8% during the 2nd quarter. Millennium Management LLC now owns 1,236,158 shares of the auto parts company’s stock valued at $51,412,000 after purchasing an additional 1,046,805 shares during the period. Massachusetts Financial Services Co. MA grew its position in LKQ by 7.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 11,944,496 shares of the auto parts company’s stock worth $496,772,000 after purchasing an additional 875,420 shares during the last quarter. Finally, Cooke & Bieler LP increased its stake 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 valued at $127,589,000 after purchasing an additional 873,665 shares during the period. Institutional investors own 95.63% of the company’s stock.

LKQ Stock Down 1.0 %

LKQ opened at $37.98 on Friday. The stock’s fifty day moving average is $38.47 and its 200-day moving average is $40.30. LKQ Co. has a one year low of $35.57 and a one year high of $53.68. The company has a market capitalization of $9.87 billion, a PE ratio of 14.17 and a beta of 1.29. 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 (NASDAQ:LKQ) last issued its quarterly earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.01. The company 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%. LKQ’s revenue was up .4% on a year-over-year basis. During the same period in the prior year, the company earned $0.86 EPS. On average, equities analysts predict that LKQ Co. will post 3.43 EPS for the current fiscal year.

LKQ Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.16%. LKQ’s dividend payout ratio is currently 44.78%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Stifel Nicolaus decreased their price objective on LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a report on Friday, October 25th. StockNews.com upgraded LKQ from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Robert W. Baird lowered their price target on LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. JPMorgan Chase & Co. upped their price objective on shares of LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a report on Thursday, September 12th. Finally, Roth Mkm reissued a “buy” rating and set a $59.00 target price on shares of LKQ in a research note on Thursday, September 12th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, LKQ has an average rating of “Buy” and a consensus 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.