Transamerica Financial Advisors Inc. Has $68,000 Position in LKQ Co. (NASDAQ:LKQ)

Transamerica Financial Advisors Inc. trimmed its position in shares of LKQ Co. (NASDAQ:LKQ) by 42.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,704 shares of the auto parts company’s stock after selling 1,266 shares during the quarter. Transamerica Financial Advisors Inc.’s holdings in LKQ were worth $68,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of LKQ. Janus Henderson Group PLC boosted its holdings in LKQ by 869.1% during the 1st quarter. Janus Henderson Group PLC now owns 454,010 shares of the auto parts company’s stock worth $24,248,000 after acquiring an additional 407,162 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of LKQ by 1.2% during the 1st quarter. California State Teachers Retirement System now owns 437,221 shares of the auto parts company’s stock worth $23,352,000 after purchasing an additional 5,030 shares during the period. Tidal Investments LLC raised its stake in shares of LKQ by 48.5% during the 1st quarter. Tidal Investments LLC now owns 30,733 shares of the auto parts company’s stock worth $1,641,000 after purchasing an additional 10,039 shares during the period. Hancock Whitney Corp raised its stake in shares of LKQ by 58.2% during the 1st quarter. Hancock Whitney Corp now owns 19,189 shares of the auto parts company’s stock worth $1,025,000 after purchasing an additional 7,059 shares during the period. Finally, Wahed Invest LLC raised its stake in shares of LKQ by 13.8% during the 1st quarter. Wahed Invest LLC now owns 5,174 shares of the auto parts company’s stock worth $276,000 after purchasing an additional 627 shares during the period. 95.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on LKQ shares. Roth Mkm reiterated a “buy” rating and set a $59.00 target price on shares of LKQ in a research note on Thursday, September 12th. Stifel Nicolaus lowered their target price on LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Robert W. Baird lowered their target price on LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. JPMorgan Chase & Co. lifted their target price on LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a research note on Thursday, September 12th. Finally, StockNews.com upgraded LKQ from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $53.80.

LKQ Trading Up 0.3 %

Shares of LKQ stock opened at $39.13 on Thursday. LKQ Co. has a 52-week low of $35.57 and a 52-week high of $53.68. The stock’s 50-day simple moving average is $38.70 and its 200 day simple moving average is $40.70. The stock has a market capitalization of $10.17 billion, a P/E ratio of 14.60 and a beta of 1.29. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.72.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings data on Thursday, October 24th. The auto parts company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $3.65 billion. During the same period in the previous year, the business posted $0.86 EPS. The firm’s quarterly revenue was up .4% compared to the same quarter last year. As a group, research analysts anticipate that LKQ Co. will post 3.43 EPS for the current year.

LKQ Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend was 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.