Roubaix Capital LLC Buys New Shares in LKQ Co. (NASDAQ:LKQ)

Roubaix Capital LLC purchased a new position in shares of LKQ Co. (NASDAQ:LKQ) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 48,366 shares of the auto parts company’s stock, valued at approximately $1,931,000.

Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of LKQ by 2.2% in the 1st 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 increased its holdings in LKQ by 7.9% in 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 raised its stake in LKQ by 9.5% in the first 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 lifted its holdings in LKQ by 1.4% during 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 boosted its position 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 Performance

Shares of LKQ stock opened at $37.31 on Thursday. The stock has a market capitalization of $9.95 billion, a price-to-earnings ratio of 12.11 and a beta of 1.28. The firm’s fifty day simple moving average is $39.88 and its 200-day simple moving average is $41.69. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.75 and a quick ratio of 0.70. LKQ Co. has a 12 month low of $35.57 and a 12 month high of $53.68.

LKQ (NASDAQ:LKQ) last announced its earnings results 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. LKQ had a net margin of 5.03% and a return on equity of 15.33%. The business had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.65 billion. During the same period in the prior year, the company earned $0.86 earnings per share. The business’s revenue was up .4% compared to the same quarter last year. As a group, equities analysts forecast that LKQ Co. will post 3.54 earnings per share for the current year.

LKQ Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date is Thursday, November 14th. LKQ’s payout ratio is currently 38.96%.

Analysts Set New Price Targets

LKQ has been the topic of several research analyst reports. Barrington Research reissued an “outperform” rating and set a $60.00 target price on shares of LKQ in a research report on Friday, October 25th. StockNews.com raised shares of LKQ from a “hold” rating to a “buy” rating in a report on Monday. JPMorgan Chase & Co. upped their target price on shares of LKQ from $54.00 to $55.00 and gave the company an “overweight” rating in a report on Thursday, September 12th. Roth Mkm reiterated a “buy” rating and set a $59.00 price target on shares of LKQ in a research note on Thursday, September 12th. Finally, Robert W. Baird reduced their price target 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 research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $53.80.

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.