Creative Financial Designs Inc. ADV Acquires 1,486 Shares of LKQ Co. (NASDAQ:LKQ)

Creative Financial Designs Inc. ADV grew its holdings in LKQ Co. (NASDAQ:LKQ) by 7.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 21,289 shares of the auto parts company’s stock after buying an additional 1,486 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in LKQ were worth $850,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in LKQ by 2.2% during the first quarter. Vanguard Group Inc. now owns 30,897,480 shares of the auto parts company’s stock valued at $1,650,234,000 after purchasing an additional 656,883 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of LKQ by 7.9% during 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 buying an additional 875,420 shares during the last quarter. Boston Partners boosted its holdings in shares of LKQ by 9.5% in the 1st quarter. Boston Partners now owns 8,220,571 shares of the auto parts company’s stock valued at $438,108,000 after buying an additional 712,698 shares in the last quarter. Nordea Investment Management AB grew its position in shares of LKQ by 1.4% in the 1st quarter. Nordea Investment Management AB now owns 7,396,653 shares of the auto parts company’s stock worth $396,461,000 after buying an additional 103,659 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake 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 acquiring an additional 253,639 shares in the last quarter. Hedge funds and other institutional investors own 95.63% of the company’s stock.

LKQ Stock Up 0.3 %

Shares of LKQ stock opened at $36.90 on Friday. LKQ Co. has a fifty-two week low of $35.57 and a fifty-two week high of $53.68. The firm has a market capitalization of $9.59 billion, a PE ratio of 13.77 and a beta of 1.28. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.72. The stock’s 50-day simple moving average is $39.69 and its 200-day simple moving average is $41.62.

LKQ (NASDAQ:LKQ) last issued its quarterly 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. The company had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.65 billion. LKQ had a net margin of 4.90% and a return on equity of 15.15%. LKQ’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.86 EPS. Equities analysts expect that LKQ Co. will post 3.43 earnings per share for the current year.

LKQ Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.25%. The ex-dividend date is Thursday, November 14th. LKQ’s payout ratio is 44.78%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. 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 LKQ from a “hold” rating to a “buy” rating in a research note on Monday, October 28th. Robert W. Baird decreased their price target on LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Barrington Research restated an “outperform” rating and set a $60.00 price target on shares of LKQ in a research note on Friday, October 25th. Finally, Roth Mkm restated a “buy” rating and set a $59.00 price objective on shares of LKQ in a report on Thursday, September 12th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, LKQ currently has an average rating of “Buy” and an average 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.