B. Metzler seel. Sohn & Co. Holding AG Buys Shares of 46,087 LKQ Co. (NASDAQ:LKQ)

B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of LKQ Co. (NASDAQ:LKQ) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 46,087 shares of the auto parts company’s stock, valued at approximately $1,840,000.

Several other large investors have also modified their holdings of LKQ. Manning & Napier Advisors LLC acquired a new stake in LKQ during the 2nd quarter valued at $3,839,000. Capital World Investors boosted its position in LKQ by 91.0% during the first quarter. Capital World Investors now owns 582,953 shares of the auto parts company’s stock worth $31,136,000 after acquiring an additional 277,700 shares during the last quarter. Addenda Capital Inc. purchased a new stake in LKQ in the 2nd quarter worth approximately $6,419,000. TCW Group Inc. acquired a new position in LKQ in the 2nd quarter valued at $6,601,000. Finally, Swedbank AB acquired a new stake in shares of LKQ during the first quarter worth $20,555,000. 95.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on LKQ. JPMorgan Chase & Co. increased their price objective on shares of LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a report on Thursday, September 12th. Robert W. Baird decreased their price target on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Barrington Research reaffirmed an “outperform” rating and issued a $60.00 target price on shares of LKQ in a research report on Friday, October 25th. StockNews.com upgraded LKQ from a “hold” rating to a “buy” rating in a report on Monday. Finally, Stifel Nicolaus decreased their target price on LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a report on Friday, October 25th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $53.80.

LKQ Stock Up 1.7 %

NASDAQ LKQ opened at $37.96 on Friday. The stock has a market cap of $9.87 billion, a PE ratio of 14.13 and a beta of 1.29. The business has a 50 day moving average price of $38.84 and a two-hundred day moving average price of $40.88. LKQ Co. has a fifty-two week low of $35.57 and a fifty-two week high of $53.68. The company has a quick ratio of 0.67, a current ratio of 1.72 and a debt-to-equity ratio of 0.69.

LKQ (NASDAQ:LKQ) last released its quarterly earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.01. LKQ had a net margin of 4.90% and a return on equity of 15.15%. The business had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.65 billion. During the same period last year, the business earned $0.86 EPS. The business’s revenue was up .4% on a year-over-year basis. As a group, sell-side analysts predict that LKQ Co. will post 3.43 EPS for the current fiscal year.

LKQ Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 3.16%. LKQ’s dividend payout ratio (DPR) 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.