LKQ Co. (NASDAQ:LKQ) Shares Acquired by Synovus Financial Corp

Synovus Financial Corp lifted its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 11.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,235 shares of the auto parts company’s stock after acquiring an additional 1,588 shares during the period. Synovus Financial Corp’s holdings in LKQ were worth $608,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in LKQ. Envestnet Portfolio Solutions Inc. increased its position in LKQ by 15.3% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 16,940 shares of the auto parts company’s stock worth $705,000 after buying an additional 2,253 shares during the period. Assenagon Asset Management S.A. increased its position in LKQ by 7.9% during the second quarter. Assenagon Asset Management S.A. now owns 17,804 shares of the auto parts company’s stock worth $740,000 after buying an additional 1,305 shares during the period. Blue Trust Inc. increased its position in LKQ by 101.6% during the second quarter. Blue Trust Inc. now owns 1,609 shares of the auto parts company’s stock worth $67,000 after buying an additional 811 shares during the period. Nisa Investment Advisors LLC grew its stake in shares of LKQ by 12.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 56,870 shares of the auto parts company’s stock valued at $2,365,000 after purchasing an additional 6,131 shares during the last quarter. Finally, Oak Family Advisors LLC grew its stake in shares of LKQ by 52.4% in the 2nd quarter. Oak Family Advisors LLC now owns 20,728 shares of the auto parts company’s stock valued at $862,000 after purchasing an additional 7,124 shares during the last quarter. Institutional investors and hedge funds own 95.63% of the company’s stock.

LKQ Stock Down 1.4 %

LKQ stock opened at $36.61 on Wednesday. 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 1-year low of $35.57 and a 1-year high of $53.68. The company has a market cap of $9.52 billion, a PE ratio of 13.66 and a beta of 1.29. The stock’s 50 day moving average price is $38.44 and its 200 day moving average price is $40.24.

LKQ (NASDAQ:LKQ) last posted 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. LKQ had a return on equity of 15.15% and a net margin of 4.90%. The firm had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.65 billion. During the same period in the previous year, the business earned $0.86 earnings per share. The company’s revenue for the quarter was up .4% compared to the same quarter last year. On average, sell-side analysts predict that LKQ Co. will post 3.43 EPS for the current fiscal year.

LKQ Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 3.28%. LKQ’s payout ratio is 44.78%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on LKQ shares. Stifel Nicolaus lowered their target price on LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Roth Mkm reiterated a “buy” rating and issued a $59.00 target price on shares of LKQ in a research note on Thursday, September 12th. Robert W. Baird lowered 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. Barrington Research reiterated an “outperform” rating and issued a $60.00 target price on shares of LKQ in a research note on Friday, October 25th. Finally, StockNews.com upgraded LKQ from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $53.80.

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.