Natixis Advisors LLC Lowers Stock Position in LKQ Co. (NASDAQ:LKQ)

Natixis Advisors LLC reduced its stake in shares of LKQ Co. (NASDAQ:LKQ) by 11.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 135,820 shares of the auto parts company’s stock after selling 16,901 shares during the period. Natixis Advisors LLC’s holdings in LKQ were worth $5,422,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Motley Fool Asset Management LLC lifted its position in shares of LKQ by 4.6% during the 1st quarter. Motley Fool Asset Management LLC now owns 5,249 shares of the auto parts company’s stock valued at $280,000 after buying an additional 233 shares in the last quarter. Banque Cantonale Vaudoise raised its stake in LKQ by 29.8% during the 2nd quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company’s stock valued at $50,000 after purchasing an additional 278 shares during the period. Bruce G. Allen Investments LLC raised its stake in LKQ by 33.5% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,151 shares of the auto parts company’s stock valued at $46,000 after purchasing an additional 289 shares during the period. Asset Management One Co. Ltd. raised its stake in LKQ by 0.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 103,156 shares of the auto parts company’s stock valued at $4,118,000 after purchasing an additional 306 shares during the period. Finally, Montag A & Associates Inc. raised its stake in LKQ by 0.6% during the 2nd quarter. Montag A & Associates Inc. now owns 50,495 shares of the auto parts company’s stock valued at $2,100,000 after purchasing an additional 314 shares during the period. 95.63% of the stock is owned by hedge funds and other institutional investors.

LKQ Price Performance

Shares of LKQ stock opened at $38.50 on Friday. The stock has a market cap of $10.01 billion, a price-to-earnings ratio of 14.39 and a beta of 1.29. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.72. The stock has a 50 day moving average price of $38.81 and a 200-day moving average price of $40.86. LKQ Co. has a one year low of $35.57 and a one year high of $53.68.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings data on Thursday, October 24th. The auto parts company reported $0.88 earnings per share (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 company had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.65 billion. During the same quarter in the previous year, the business earned $0.86 EPS. LKQ’s revenue was up .4% compared to the same quarter last year. Equities analysts expect that LKQ Co. will post 3.43 EPS for the current year.

LKQ Announces Dividend

The firm also recently disclosed 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. This represents a $1.20 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date of this dividend is Thursday, November 14th. LKQ’s payout ratio is currently 44.78%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Roth Mkm reissued a “buy” rating and set a $59.00 target price on shares of LKQ in a research note on Thursday, September 12th. JPMorgan Chase & Co. lifted their target price on LKQ from $54.00 to $55.00 and gave the company an “overweight” rating in a research note on Thursday, September 12th. Barrington Research reaffirmed an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a research note on Friday, October 25th. Stifel Nicolaus reduced their price objective on LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Finally, Robert W. Baird reduced their price objective on LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $53.80.

LKQ Company 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.