Atria Investments Inc Acquires 25,314 Shares of LKQ Co. (NASDAQ:LKQ)

Atria Investments Inc lifted its stake in LKQ Co. (NASDAQ:LKQ) by 20.4% in the third quarter, Holdings Channel.com reports. The fund owned 149,286 shares of the auto parts company’s stock after purchasing an additional 25,314 shares during the period. Atria Investments Inc’s holdings in LKQ were worth $5,959,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the stock. Catalyst Capital Advisors LLC bought a new stake in LKQ during the 3rd quarter worth approximately $25,000. Rothschild Investment LLC purchased a new stake in shares of LKQ in the second quarter worth $33,000. Allworth Financial LP boosted its stake in LKQ by 94.2% during the third quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company’s stock valued at $40,000 after buying an additional 490 shares during the period. Bruce G. Allen Investments LLC grew its position in 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 worth $46,000 after buying an additional 289 shares in the last quarter. Finally, Banque Cantonale Vaudoise increased its stake in LKQ by 29.8% in the 2nd quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company’s stock worth $50,000 after acquiring an additional 278 shares during the last quarter. 95.63% of the stock is currently owned by hedge funds and other institutional investors.

LKQ Price Performance

Shares of LKQ stock opened at $39.36 on Tuesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.72. LKQ Co. has a 52-week low of $35.57 and a 52-week high of $53.68. The company has a fifty day moving average of $39.13 and a 200-day moving average of $41.13. The stock has a market capitalization of $10.23 billion, a price-to-earnings ratio of 14.69 and a beta of 1.29.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.01. The business had revenue of $3.58 billion during 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 company’s revenue was up .4% on a year-over-year basis. During the same period in the prior year, the business posted $0.86 earnings per share. Equities research analysts expect that LKQ Co. will post 3.43 EPS for the current year.

LKQ Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be given a $0.30 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 3.05%. LKQ’s payout ratio is currently 44.78%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on LKQ shares. Roth Mkm reiterated a “buy” rating and set a $59.00 price target on shares of LKQ in a research report on Thursday, September 12th. Robert W. Baird cut their price target on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. JPMorgan Chase & Co. raised their price objective on shares of LKQ from $54.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday, September 12th. StockNews.com lowered shares of LKQ from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Finally, Barrington Research restated an “outperform” rating and set a $60.00 price target on shares of LKQ in a research report on Friday, October 25th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate 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.