LKQ Co. (NASDAQ:LKQ) Shares Sold by Sasco Capital Inc. CT

Sasco Capital Inc. CT reduced its holdings in LKQ Co. (NASDAQ:LKQ) by 15.1% during the 3rd quarter, Holdings Channel reports. The firm owned 410,210 shares of the auto parts company’s stock after selling 72,810 shares during the quarter. LKQ makes up about 2.5% of Sasco Capital Inc. CT’s holdings, making the stock its 26th largest holding. Sasco Capital Inc. CT’s holdings in LKQ were worth $16,376,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in LKQ. Orion Portfolio Solutions LLC lifted its position in shares of LKQ by 1.7% in the first quarter. Orion Portfolio Solutions LLC now owns 29,058 shares of the auto parts company’s stock valued at $1,552,000 after acquiring an additional 475 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of LKQ by 2.2% during the first quarter. Vanguard Group Inc. now owns 30,897,480 shares of the auto parts company’s stock worth $1,650,234,000 after buying an additional 656,883 shares in the last quarter. Clearbridge Investments LLC acquired a new stake in shares of LKQ in the first quarter valued at about $26,561,000. UniSuper Management Pty Ltd lifted its stake in shares of LKQ by 522.6% in the first quarter. UniSuper Management Pty Ltd now owns 20,939 shares of the auto parts company’s stock worth $1,118,000 after buying an additional 17,576 shares in the last quarter. Finally, Bessemer Group Inc. boosted its position in LKQ by 46.9% during the first quarter. Bessemer Group Inc. now owns 2,678 shares of the auto parts company’s stock worth $143,000 after acquiring an additional 855 shares during the last quarter. Hedge funds and other institutional investors own 95.63% of the company’s stock.

LKQ Price Performance

NASDAQ:LKQ opened at $38.06 on Tuesday. The company has a market capitalization of $9.89 billion, a P/E ratio of 14.20 and a beta of 1.29. LKQ Co. has a 52 week low of $35.57 and a 52 week high of $53.68. The stock’s fifty day moving average is $38.94 and its two-hundred day moving average is $40.99. 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 (NASDAQ:LKQ) last issued its quarterly earnings data on Thursday, October 24th. The auto parts company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.01. The business 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%. The company’s revenue was up .4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.86 earnings per share. Equities analysts expect that LKQ Co. will post 3.43 EPS for the current year.

LKQ Dividend Announcement

The business 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 dividend of $0.30 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 3.15%. LKQ’s dividend payout ratio (DPR) is 44.78%.

Analyst Upgrades and Downgrades

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