LKQ Co. (NASDAQ:LKQ) Shares Acquired by Sigma Planning Corp

Sigma Planning Corp grew its stake in shares of LKQ Co. (NASDAQ:LKQ) by 12.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,813 shares of the auto parts company’s stock after purchasing an additional 627 shares during the period. Sigma Planning Corp’s holdings in LKQ were worth $232,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of LKQ. Catalyst Capital Advisors LLC purchased a new stake in shares of LKQ in the 3rd quarter valued at approximately $25,000. Rothschild Investment LLC purchased a new stake in shares of LKQ in the second quarter valued at $33,000. Allworth Financial LP boosted its position in shares of LKQ by 94.2% in the third quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company’s stock worth $40,000 after buying an additional 490 shares during the period. Bruce G. Allen Investments LLC grew its holdings in shares of LKQ by 33.5% during the third 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 raised its position in LKQ by 29.8% during the second quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company’s stock valued at $50,000 after buying an additional 278 shares during the period. Institutional investors and hedge funds own 95.63% of the company’s stock.

LKQ Stock Down 1.3 %

LKQ stock opened at $38.20 on Friday. 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 firm has a market cap of $9.93 billion, a PE ratio of 14.25 and a beta of 1.29. LKQ Co. has a 1 year low of $35.57 and a 1 year high of $53.68. The company has a fifty day simple moving average of $38.94 and a 200 day simple moving average of $41.00.

LKQ (NASDAQ:LKQ) last released its quarterly earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.01. LKQ had a return on equity of 15.15% and a net margin of 4.90%. The company had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter in the prior year, the company posted $0.86 EPS. The firm’s revenue was up .4% on a year-over-year basis. Sell-side analysts anticipate that LKQ Co. will post 3.43 EPS for the current fiscal 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 paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date is Thursday, November 14th. LKQ’s payout ratio is 44.78%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. 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. Robert W. Baird decreased their price target on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Roth Mkm reiterated a “buy” rating and issued a $59.00 price objective on shares of LKQ in a research note on Thursday, September 12th. Stifel Nicolaus decreased their target price on shares of LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. upped their price target on shares of LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a research note on Thursday, September 12th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target 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.