LKQ Co. (NASDAQ:LKQ) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lowered its position in shares of LKQ Co. (NASDAQ:LKQ) by 6.0% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 95,372 shares of the auto parts company’s stock after selling 6,089 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in LKQ were worth $3,807,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LKQ. Envestnet Portfolio Solutions Inc. raised its stake in shares of LKQ by 15.3% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 16,940 shares of the auto parts company’s stock worth $705,000 after purchasing an additional 2,253 shares during the last quarter. Assenagon Asset Management S.A. raised its position in LKQ by 7.9% during the 2nd 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 last quarter. Blue Trust Inc. lifted its stake in LKQ by 101.6% during the 2nd quarter. Blue Trust Inc. now owns 1,609 shares of the auto parts company’s stock valued at $67,000 after acquiring an additional 811 shares during the period. Nisa Investment Advisors LLC boosted its holdings 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 acquiring an additional 6,131 shares during the last quarter. Finally, Ninety One UK Ltd acquired a new stake in shares of LKQ in the second quarter worth $27,585,000. Institutional investors and hedge funds own 95.63% of the company’s stock.

LKQ Price Performance

Shares of LKQ stock opened at $37.98 on Monday. The firm has a market cap of $9.87 billion, a PE ratio of 14.17 and a beta of 1.29. The business has a 50-day moving average price of $38.47 and a 200 day moving average price of $40.28. The company has a quick ratio of 0.67, a current ratio of 1.72 and a debt-to-equity ratio of 0.69. LKQ Co. has a twelve month low of $35.57 and a twelve month high of $53.68.

LKQ (NASDAQ:LKQ) last announced its earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share 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 the consensus estimate of $3.65 billion. During the same period in the prior year, the company posted $0.86 EPS. The business’s quarterly revenue was up .4% on a year-over-year basis. Sell-side analysts predict that LKQ Co. will post 3.43 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were given a $0.30 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.16%. LKQ’s dividend payout ratio (DPR) is 44.78%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on LKQ shares. Roth Mkm restated a “buy” rating and set a $59.00 target price on shares of LKQ in a research report on Thursday, September 12th. Barrington Research restated an “outperform” rating and issued a $60.00 target price on shares of LKQ in a research note on Friday, October 25th. Robert W. Baird dropped their target price on LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. JPMorgan Chase & Co. boosted their price target on LKQ from $54.00 to $55.00 and gave the company an “overweight” rating in a report on Thursday, September 12th. Finally, Stifel Nicolaus dropped their price objective on shares of LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, LKQ currently has a consensus rating of “Buy” and an average target price 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.