LKQ Corporation $LKQ Shares Newly Bought by One Way Holdings LLC

One Way Holdings LLC purchased a new stake in LKQ Corporation (NASDAQ:LKQ) during the third quarter, HoldingsChannel.com reports. The fund purchased 481,079 shares of the auto parts company’s stock, valued at approximately $10,983,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in shares of LKQ during the second quarter valued at approximately $1,015,096,000. Foundation Resource Management Inc. grew its holdings in shares of LKQ by 35.4% during the third quarter. Foundation Resource Management Inc. now owns 817,292 shares of the auto parts company’s stock valued at $18,659,000 after buying an additional 213,868 shares during the last quarter. Engineers Gate Manager LP acquired a new position in shares of LKQ in the second quarter valued at about $3,438,000. Public Employees Retirement System of Ohio purchased a new position in LKQ during the 2nd quarter worth approximately $2,070,000. Finally, Private Management Group Inc. boosted its position in LKQ by 18.5% in the 2nd quarter. Private Management Group Inc. now owns 1,564,152 shares of the auto parts company’s stock worth $41,184,000 after purchasing an additional 244,141 shares in the last quarter. 95.63% of the stock is currently owned by hedge funds and other institutional investors.

LKQ Price Performance

LKQ opened at $18.56 on Monday. LKQ Corporation has a 1 year low of $16.85 and a 1 year high of $37.13. The stock has a market capitalization of $4.68 billion, a PE ratio of 18.56 and a beta of 0.87. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.67 and a current ratio of 1.75. The company’s 50 day simple moving average is $22.76 and its 200 day simple moving average is $27.22.

LKQ (NASDAQ:LKQ) last issued its earnings results on Thursday, October 29th. The auto parts company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.08). The business had revenue of $3.32 billion during the quarter, compared to analysts’ expectations of $3.36 billion. LKQ had a net margin of 1.89% and a return on equity of 9.57%. The business’s revenue was down 5.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.84 EPS. As a group, sell-side analysts expect that LKQ Corporation will post 2.26 EPS for the current year.

LKQ Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Thursday, November 19th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date is Thursday, November 19th. LKQ’s dividend payout ratio is presently 120.00%.

Analyst Ratings Changes

LKQ has been the subject of a number of research reports. Robert W. Baird dropped their target price on shares of LKQ from $30.00 to $23.00 and set an “outperform” rating for the company in a report on Monday, October 26th. Barclays upgraded shares of LKQ from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective on the stock in a report on Monday, October 26th. Barrington Research lowered LKQ from an “outperform” rating to a “market perform” rating in a research report on Friday, October 23rd. Jefferies Financial Group reissued a “buy” rating and issued a $30.00 target price on shares of LKQ in a report on Friday, October 23rd. Finally, Raymond James Financial set a $30.00 price target on LKQ in a research report on Friday, July 31st. Five investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $26.07.

LKQ Company Profile

LKQ Corporation is a global distributor of automotive parts and accessories. The company supplies replacement parts, components and equipment to professional repair shops, collision-repair businesses, insurers, dealerships and other commercial customers. Its product offerings include recycled original-equipment parts, aftermarket parts, specialty vehicle products, tools and equipment.

LKQ’s operations include the procurement, dismantling and distribution of salvaged vehicles, allowing it to provide recycled engines, transmissions, body panels and other components.