Thompson Siegel & Walmsley LLC Raises Holdings in LKQ Co. (NASDAQ:LKQ)

Thompson Siegel & Walmsley LLC grew its stake in LKQ Co. (NASDAQ:LKQ) by 5.9% during the third quarter, HoldingsChannel reports. The fund owned 1,977,927 shares of the auto parts company’s stock after acquiring an additional 110,636 shares during the quarter. LKQ comprises about 1.2% of Thompson Siegel & Walmsley LLC’s holdings, making the stock its 20th largest position. Thompson Siegel & Walmsley LLC’s holdings in LKQ were worth $78,959,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in LKQ. Seizert Capital Partners LLC boosted its holdings in LKQ by 451.1% in the third quarter. Seizert Capital Partners LLC now owns 1,327,664 shares of the auto parts company’s stock worth $53,000,000 after acquiring an additional 1,086,758 shares in the last quarter. Millennium Management LLC boosted its stake in shares of LKQ by 552.8% in the second quarter. Millennium Management LLC now owns 1,236,158 shares of the auto parts company’s stock worth $51,412,000 after buying an additional 1,046,805 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of LKQ by 7.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 11,944,496 shares of the auto parts company’s stock worth $496,772,000 after purchasing an additional 875,420 shares during the period. Cooke & Bieler LP grew its position in LKQ by 39.8% during the second quarter. Cooke & Bieler LP now owns 3,067,772 shares of the auto parts company’s stock valued at $127,589,000 after buying an additional 873,665 shares during the period. Finally, Boston Partners grew its position in shares of LKQ by 9.5% during the 1st quarter. Boston Partners now owns 8,220,571 shares of the auto parts company’s stock valued at $438,108,000 after acquiring an additional 712,698 shares during the period. 95.63% of the stock is owned by institutional investors.

LKQ Stock Performance

Shares of LKQ stock opened at $37.32 on Thursday. LKQ Co. has a one year low of $35.57 and a one year high of $53.68. 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 firm’s 50 day moving average price is $38.84 and its 200-day moving average price is $40.88. The firm has a market cap of $9.70 billion, a P/E ratio of 13.93 and a beta of 1.29.

LKQ (NASDAQ:LKQ) last announced its 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. LKQ had a net margin of 4.90% and a return on equity of 15.15%. The firm had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.65 billion. During the same period in the prior year, the firm earned $0.86 EPS. The firm’s revenue for the quarter was up .4% on a year-over-year basis. As a group, equities research analysts predict that LKQ Co. will post 3.43 EPS for the current year.

LKQ Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.22%. LKQ’s dividend payout ratio (DPR) is currently 44.78%.

Analyst Upgrades and Downgrades

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