Integrated Investment Consultants LLC Takes Position in LKQ Co. (NASDAQ:LKQ)

Integrated Investment Consultants LLC acquired a new position in shares of LKQ Co. (NASDAQ:LKQ) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 10,928 shares of the auto parts company’s stock, valued at approximately $436,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Thompson Siegel & Walmsley LLC raised its position in LKQ by 5.9% in the third quarter. Thompson Siegel & Walmsley LLC now owns 1,977,927 shares of the auto parts company’s stock valued at $78,959,000 after purchasing an additional 110,636 shares during the period. Landscape Capital Management L.L.C. acquired a new stake in shares of LKQ in the third quarter valued at $1,836,000. Moran Wealth Management LLC raised its holdings in shares of LKQ by 1.9% in the 3rd quarter. Moran Wealth Management LLC now owns 130,905 shares of the auto parts company’s stock valued at $5,226,000 after buying an additional 2,416 shares during the period. EverSource Wealth Advisors LLC lifted its stake in LKQ by 1.4% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 86,562 shares of the auto parts company’s stock worth $3,456,000 after acquiring an additional 1,159 shares in the last quarter. Finally, Commerce Bank boosted its holdings in LKQ by 11.1% during the 3rd quarter. Commerce Bank now owns 18,599 shares of the auto parts company’s stock valued at $742,000 after acquiring an additional 1,863 shares during the period. 95.63% of the stock is currently owned by hedge funds and other institutional investors.

LKQ Price Performance

LKQ stock opened at $38.50 on Friday. The stock has a market cap of $10.01 billion, a P/E ratio of 14.37 and a beta of 1.29. The company has a fifty day simple moving average of $38.81 and a 200-day simple moving average of $40.86. The company has a current ratio of 1.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.69. LKQ Co. has a 12-month low of $35.57 and a 12-month high of $53.68.

LKQ (NASDAQ:LKQ) last released its quarterly earnings data 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. LKQ had a return on equity of 15.15% and a net margin of 4.90%. The business 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 firm posted $0.86 EPS. The business’s quarterly revenue was up .4% compared to the same quarter last year. Equities analysts expect that LKQ Co. will post 3.43 EPS for the current fiscal year.

LKQ Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 3.12%. LKQ’s payout ratio is currently 44.78%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on LKQ. Roth Mkm reissued a “buy” rating and set a $59.00 price target on shares of LKQ in a research report on Thursday, September 12th. Stifel Nicolaus decreased their price target on shares of LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Barrington Research restated an “outperform” rating and issued a $60.00 price target on shares of LKQ in a research note on Friday, October 25th. 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 research note on Friday, October 25th. Finally, StockNews.com raised LKQ from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company 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.