LKQ Co. (NASDAQ:LKQ) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC increased its position in shares of LKQ Co. (NASDAQ:LKQ) by 0.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 6,542,740 shares of the auto parts company’s stock after acquiring an additional 21,161 shares during the quarter. Geode Capital Management LLC’s holdings in LKQ were worth $260,330,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Massachusetts Financial Services Co. MA grew its position in LKQ by 0.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 11,977,708 shares of the auto parts company’s stock worth $478,150,000 after acquiring an additional 33,212 shares during the period. State Street Corp lifted its stake in shares of LKQ by 1.2% in the 3rd quarter. State Street Corp now owns 11,449,166 shares of the auto parts company’s stock valued at $457,051,000 after purchasing an additional 134,176 shares during the last quarter. FMR LLC grew its holdings in shares of LKQ by 7.3% during the 3rd quarter. FMR LLC now owns 6,020,689 shares of the auto parts company’s stock worth $240,346,000 after purchasing an additional 411,390 shares during the period. Dimensional Fund Advisors LP increased its position in shares of LKQ by 6.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,398,538 shares of the auto parts company’s stock worth $182,936,000 after purchasing an additional 253,639 shares during the last quarter. Finally, Cooke & Bieler LP increased its position in shares of LKQ by 39.8% during the 2nd quarter. Cooke & Bieler LP now owns 3,067,772 shares of the auto parts company’s stock worth $127,589,000 after purchasing an additional 873,665 shares during the last quarter. Hedge funds and other institutional investors own 95.63% of the company’s stock.

LKQ Stock Performance

Shares of LKQ stock opened at $37.98 on Friday. LKQ Co. has a 52 week low of $35.57 and a 52 week high of $53.68. The firm has a 50 day moving average of $38.47 and a two-hundred day moving average of $40.29. 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 stock has a market capitalization of $9.87 billion, a PE ratio of 14.17 and a beta of 1.29.

LKQ (NASDAQ:LKQ) last released its earnings results on Thursday, October 24th. The auto parts company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.87 by $0.01. The firm had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.65 billion. LKQ had a return on equity of 15.15% and a net margin of 4.90%. LKQ’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.86 EPS. On average, research 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. Investors 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 yield of 3.16%. LKQ’s dividend payout ratio (DPR) is 44.78%.

Analyst Upgrades and Downgrades

LKQ has been the subject of several research analyst reports. Stifel Nicolaus lowered their target price on shares of LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a research note on Friday, October 25th. StockNews.com upgraded shares of LKQ from a “hold” rating to a “buy” rating in a report on Monday, November 18th. JPMorgan Chase & Co. upped their price target on LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a research note on Thursday, September 12th. Barrington Research reaffirmed an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a research note on Friday, October 25th. Finally, Robert W. Baird decreased 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. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average 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.