Qsemble Capital Management LP Acquires 4,484 Shares of LKQ Co. (NASDAQ:LKQ)

Qsemble Capital Management LP increased its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 10.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 47,021 shares of the auto parts company’s stock after acquiring an additional 4,484 shares during the period. Qsemble Capital Management LP’s holdings in LKQ were worth $1,877,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Manning & Napier Advisors LLC bought a new stake in LKQ during the second quarter worth about $3,839,000. Addenda Capital Inc. bought a new position in shares of LKQ in the second quarter valued at $6,419,000. TCW Group Inc. bought a new stake in LKQ during the second quarter worth $6,601,000. Swedbank AB bought a new position in shares of LKQ in the 1st quarter valued at about $20,555,000. Finally, Squarepoint Ops LLC increased its stake in shares of LKQ by 3,683.6% during the 2nd quarter. Squarepoint Ops LLC now owns 274,577 shares of the auto parts company’s stock worth $11,420,000 after purchasing an additional 267,320 shares during the last quarter. 95.63% of the stock is currently owned by institutional investors and hedge funds.

LKQ Trading Up 3.3 %

Shares of LKQ stock opened at $39.76 on Tuesday. LKQ Co. has a 52-week low of $35.57 and a 52-week high of $53.68. The stock has a market cap of $10.34 billion, a PE ratio of 14.84 and a beta of 1.29. The firm has a 50-day moving average of $38.75 and a 200-day moving average of $40.77. 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 announced its earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.01. LKQ had a net margin of 4.90% and a return on equity of 15.15%. The firm had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same quarter in the prior year, the business posted $0.86 EPS. The business’s revenue was up .4% compared to the same quarter last year. As a group, sell-side analysts forecast that LKQ Co. will post 3.43 EPS for the current year.

LKQ Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.02%. LKQ’s payout ratio is 44.78%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Barrington Research reiterated an “outperform” rating and set a $60.00 price target on shares of LKQ in a report on Friday, October 25th. Roth Mkm reiterated a “buy” rating and set a $59.00 target price on shares of LKQ in a research note on Thursday, September 12th. JPMorgan Chase & Co. lifted their price objective 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. Robert W. Baird dropped their price objective on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Finally, Stifel Nicolaus reduced their target price 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. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price 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.