LKQ Co. (NASDAQ:LKQ) Stock Holdings Increased by Bridges Investment Management Inc.

Bridges Investment Management Inc. grew its position in shares of LKQ Co. (NASDAQ:LKQ) by 33.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,650 shares of the auto parts company’s stock after buying an additional 6,650 shares during the period. Bridges Investment Management Inc.’s holdings in LKQ were worth $1,064,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in LKQ. Millennium Management LLC grew its position in shares of LKQ by 552.8% during the 2nd quarter. Millennium Management LLC now owns 1,236,158 shares of the auto parts company’s stock valued at $51,412,000 after buying an additional 1,046,805 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in LKQ by 7.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 11,944,496 shares of the auto parts company’s stock valued at $496,772,000 after acquiring an additional 875,420 shares during the period. Cooke & Bieler LP grew its holdings in shares of LKQ by 39.8% during the second quarter. Cooke & Bieler LP now owns 3,067,772 shares of the auto parts company’s stock valued at $127,589,000 after purchasing an additional 873,665 shares during the last quarter. Boston Partners raised its position in shares of LKQ by 9.5% during the 1st quarter. Boston Partners now owns 8,220,571 shares of the auto parts company’s stock worth $438,108,000 after purchasing an additional 712,698 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of LKQ by 230.3% in the 2nd quarter. Principal Financial Group Inc. now owns 1,011,132 shares of the auto parts company’s stock worth $42,053,000 after purchasing an additional 705,040 shares during the last quarter. Institutional investors and hedge funds own 95.63% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Roth Mkm restated a “buy” rating and set a $59.00 price objective on shares of LKQ in a research note on Thursday, September 12th. JPMorgan Chase & Co. upped their price target 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 cut 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. Barrington Research restated an “outperform” rating and issued a $60.00 target price on shares of LKQ in a research report on Friday, October 25th. Finally, Stifel Nicolaus dropped their price target 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. One 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, LKQ presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.80.

LKQ Stock Performance

LKQ stock opened at $38.37 on Friday. The company has a 50-day simple moving average of $39.17 and a 200 day simple moving average of $41.17. The company has a market capitalization of $9.97 billion, a P/E ratio of 14.32 and a beta of 1.29. The company has a quick ratio of 0.67, a current ratio of 1.72 and a debt-to-equity ratio of 0.69. LKQ Co. has a fifty-two week low of $35.57 and a fifty-two week high of $53.68.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings data on Thursday, October 24th. The auto parts company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.01. LKQ had a net margin of 4.90% and a return on equity of 15.15%. The business had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.65 billion. During the same period last year, the firm posted $0.86 earnings per share. The business’s 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 company also recently disclosed 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. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date is Thursday, November 14th. LKQ’s dividend payout ratio is presently 44.78%.

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.