Tidal Investments LLC Acquires 947 Shares of LKQ Co. (NASDAQ:LKQ)

Tidal Investments LLC increased its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 3.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 32,995 shares of the auto parts company’s stock after acquiring an additional 947 shares during the quarter. Tidal Investments LLC’s holdings in LKQ were worth $1,317,000 as of its most recent filing with the SEC.

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. StockNews.com raised shares of LKQ from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Robert W. Baird lowered their price target on LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Barrington Research restated an “outperform” rating and set a $60.00 price objective on shares of LKQ in a research report on Friday, October 25th. Roth Mkm reiterated a “buy” rating and issued a $59.00 target price on shares of LKQ in a research report on Thursday, September 12th. Finally, JPMorgan Chase & Co. increased their target price on shares of LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a report on Thursday, September 12th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $53.80.

LKQ Price Performance

LKQ stock opened at $36.99 on Thursday. The company has a market capitalization of $9.62 billion, a PE ratio of 13.80 and a beta of 1.29. The company has a current ratio of 1.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.69. The stock has a 50-day moving average price of $38.41 and a two-hundred day moving average price of $40.20. LKQ Co. has a 12 month low of $35.57 and a 12 month high of $53.68.

LKQ (NASDAQ:LKQ) last posted its earnings results on Thursday, October 24th. The auto parts company reported $0.88 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $3.65 billion. During the same period last year, the company earned $0.86 EPS. The firm’s revenue was up .4% compared to the same quarter last year. Analysts expect that LKQ Co. will post 3.43 EPS for the current year.

LKQ Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.24%. The ex-dividend date was Thursday, November 14th. LKQ’s dividend payout ratio is currently 44.78%.

LKQ 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.