Y Intercept Hong Kong Ltd Acquires New Position in LKQ Co. (NASDAQ:LKQ)

Y Intercept Hong Kong Ltd bought a new position in shares of LKQ Co. (NASDAQ:LKQ) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 25,132 shares of the auto parts company’s stock, valued at approximately $1,003,000.

A number of other large investors have also recently modified their holdings of the business. Catalyst Capital Advisors LLC bought a new stake in shares of LKQ during the 3rd quarter worth $25,000. Rothschild Investment LLC acquired a new position in LKQ during the second quarter worth about $33,000. Allworth Financial LP lifted its holdings in shares of LKQ by 94.2% in the third quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company’s stock worth $40,000 after acquiring an additional 490 shares during the last quarter. Bruce G. Allen Investments LLC boosted its stake in shares of LKQ by 33.5% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,151 shares of the auto parts company’s stock valued at $46,000 after purchasing an additional 289 shares in the last quarter. Finally, Banque Cantonale Vaudoise lifted its stake in LKQ by 29.8% in the 2nd quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company’s stock valued at $50,000 after purchasing an additional 278 shares during the last quarter. Institutional investors and hedge funds own 95.63% of the company’s stock.

LKQ Price Performance

Shares of LKQ opened at $38.37 on Friday. The business has a 50-day moving average of $38.50 and a 200-day moving average of $40.34. LKQ Co. has a 1 year low of $35.57 and a 1 year high of $53.68. The company has a market capitalization of $9.97 billion, a price-to-earnings ratio of 14.32 and a beta of 1.29. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.72 and a quick ratio of 0.67.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings data on Thursday, October 24th. The auto parts company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.01. The company had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.65 billion. LKQ had a net margin of 4.90% and a return on equity of 15.15%. The company’s quarterly revenue was up .4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.86 EPS. As a group, equities research analysts anticipate that LKQ Co. will post 3.43 earnings per share for the current year.

LKQ Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were issued a $0.30 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 3.13%. LKQ’s payout ratio is currently 44.78%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on LKQ shares. JPMorgan Chase & Co. raised their price objective on LKQ from $54.00 to $55.00 and gave the company an “overweight” rating in a report on Thursday, September 12th. Stifel Nicolaus reduced their price target on LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a report 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. Roth Mkm reiterated a “buy” rating and set a $59.00 target price on shares of LKQ in a research report on Thursday, September 12th. Finally, Barrington Research restated an “outperform” rating and issued a $60.00 price target on shares of LKQ in a research report on Friday, October 25th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target 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.