LKQ Co. (NASDAQ:LKQ) Holdings Lifted by Victory Capital Management Inc.

Victory Capital Management Inc. raised its holdings in LKQ Co. (NASDAQ:LKQ) by 1.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,552,916 shares of the auto parts company’s stock after acquiring an additional 18,004 shares during the quarter. Victory Capital Management Inc. owned 0.60% of LKQ worth $61,992,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Bleakley Financial Group LLC boosted its holdings in shares of LKQ by 5.3% during the 1st quarter. Bleakley Financial Group LLC now owns 4,572 shares of the auto parts company’s stock worth $244,000 after buying an additional 229 shares during the period. Motley Fool Asset Management LLC grew its stake in shares of LKQ by 4.6% during the first quarter. Motley Fool Asset Management LLC now owns 5,249 shares of the auto parts company’s stock valued at $280,000 after purchasing an additional 233 shares during the last quarter. Banque Cantonale Vaudoise increased its stake in shares of LKQ by 29.8% in the 2nd quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company’s stock valued at $50,000 after buying an additional 278 shares during the period. Bruce G. Allen Investments LLC lifted 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, Asset Management One Co. Ltd. boosted its stake in LKQ by 0.3% in the third quarter. Asset Management One Co. Ltd. now owns 103,156 shares of the auto parts company’s stock valued at $4,118,000 after acquiring an additional 306 shares during the last quarter. Institutional investors own 95.63% of the company’s stock.

LKQ Stock Performance

NASDAQ:LKQ opened at $38.69 on Friday. 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 market capitalization of $10.06 billion, a P/E ratio of 14.44 and a beta of 1.29. The company has a fifty day moving average of $38.97 and a 200-day moving average of $41.06. LKQ Co. has a twelve month low of $35.57 and a twelve month high of $53.68.

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

LKQ Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be paid a $0.30 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.10%. LKQ’s payout ratio is 44.78%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on LKQ. StockNews.com cut LKQ from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Barrington Research restated an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a report on Friday, October 25th. Roth Mkm reaffirmed a “buy” rating and set a $59.00 price target on shares of LKQ in a research report on Thursday, September 12th. Stifel Nicolaus reduced their target price on LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. increased their price target on shares of LKQ from $54.00 to $55.00 and gave the company an “overweight” rating in a report on Thursday, September 12th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.