OneDigital Investment Advisors LLC Purchases 14,886 Shares of LKQ Co. (NASDAQ:LKQ)

OneDigital Investment Advisors LLC lifted its holdings in LKQ Co. (NASDAQ:LKQ) by 166.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 23,803 shares of the auto parts company’s stock after buying an additional 14,886 shares during the period. OneDigital Investment Advisors LLC’s holdings in LKQ were worth $950,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Millennium Management LLC lifted its position in LKQ by 552.8% during the second quarter. Millennium Management LLC now owns 1,236,158 shares of the auto parts company’s stock valued at $51,412,000 after purchasing an additional 1,046,805 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in LKQ by 7.9% in 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 acquiring an additional 875,420 shares in the last quarter. Cooke & Bieler LP raised its stake in LKQ by 39.8% during the 2nd quarter. Cooke & Bieler LP now owns 3,067,772 shares of the auto parts company’s stock worth $127,589,000 after acquiring an additional 873,665 shares during the period. Boston Partners lifted its holdings in LKQ by 9.5% during the first quarter. Boston Partners now owns 8,220,571 shares of the auto parts company’s stock valued at $438,108,000 after purchasing an additional 712,698 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of LKQ by 230.3% in the second quarter. Principal Financial Group Inc. now owns 1,011,132 shares of the auto parts company’s stock worth $42,053,000 after purchasing an additional 705,040 shares during the period. Hedge funds and other institutional investors own 95.63% of the company’s stock.

LKQ Price Performance

Shares of LKQ stock opened at $38.06 on Tuesday. The firm has a market cap of $9.89 billion, a PE ratio of 14.20 and a beta of 1.29. The stock has a 50 day moving average of $38.94 and a 200 day moving average of $40.99. The company has a current ratio of 1.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.69. 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, beating analysts’ consensus estimates of $0.87 by $0.01. LKQ had a return on equity of 15.15% and a net margin of 4.90%. The firm had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same period in the prior year, the company earned $0.86 EPS. The company’s quarterly revenue was up .4% compared to the same quarter last year. On average, research analysts expect that LKQ Co. will post 3.43 EPS for the current fiscal year.

LKQ Announces Dividend

The firm also recently announced 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. This represents a $1.20 annualized dividend and a dividend yield of 3.15%. The ex-dividend date of this dividend is Thursday, November 14th. LKQ’s dividend payout ratio is 44.78%.

Analyst Upgrades and Downgrades

LKQ has been the topic of a number of analyst reports. Robert W. Baird lowered their target price on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. JPMorgan Chase & Co. boosted their price objective on LKQ from $54.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday, September 12th. Stifel Nicolaus cut their target price on LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, October 25th. StockNews.com raised LKQ from a “hold” rating to a “buy” rating in a report on Monday. Finally, Roth Mkm reaffirmed a “buy” rating and set a $59.00 price objective on shares of LKQ in a report on Thursday, September 12th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, LKQ presently has a consensus 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.