Versor Investments LP Sells 18,100 Shares of LKQ Co. (NASDAQ:LKQ)

Versor Investments LP lowered its position in shares of LKQ Co. (NASDAQ:LKQ) by 61.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,300 shares of the auto parts company’s stock after selling 18,100 shares during the quarter. Versor Investments LP’s holdings in LKQ were worth $451,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in LKQ. Catalyst Capital Advisors LLC acquired a new stake in LKQ during the 3rd quarter worth $25,000. Rothschild Investment LLC acquired a new stake in shares of LKQ during the second quarter worth $33,000. Allworth Financial LP increased its holdings in LKQ by 94.2% in the third quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company’s stock valued at $40,000 after purchasing an additional 490 shares during the last quarter. Bruce G. Allen Investments LLC lifted its stake in LKQ by 33.5% in 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 during the period. Finally, Banque Cantonale Vaudoise boosted its holdings in LKQ by 29.8% during the second quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company’s stock worth $50,000 after buying an additional 278 shares during the last quarter. Institutional investors and hedge funds own 95.63% of the company’s stock.

Wall Street Analyst Weigh In

LKQ has been the subject of a number of recent analyst reports. Roth Mkm reaffirmed a “buy” rating and issued a $59.00 price target on shares of LKQ in a research note on Thursday, September 12th. Stifel Nicolaus cut their target price on shares of LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, October 25th. StockNews.com cut shares of LKQ from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Robert W. Baird decreased their target price on LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $60.00 price target on shares of LKQ in a research report on Friday, October 25th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $53.80.

LKQ Stock Up 0.7 %

LKQ stock opened at $38.69 on Friday. The business has a 50-day moving average of $38.97 and a 200-day moving average of $41.06. LKQ Co. has a fifty-two week low of $35.57 and a fifty-two week high of $53.68. The stock has a market capitalization of $10.06 billion, a P/E ratio of 14.44 and a beta of 1.29. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.72 and a quick ratio of 0.67.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings data on Thursday, October 24th. The auto parts company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.01. The business had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.65 billion. LKQ had a net margin of 4.90% and a return on equity of 15.15%. The firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.86 earnings per share. On average, sell-side analysts anticipate that LKQ Co. will post 3.43 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Thursday, November 14th will be issued a dividend of $0.30 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 3.10%. LKQ’s payout ratio is presently 44.78%.

LKQ 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.