The Manufacturers Life Insurance Company Acquires 42,634 Shares of LKQ Co. (NASDAQ:LKQ)

The Manufacturers Life Insurance Company boosted its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 25.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 207,055 shares of the auto parts company’s stock after purchasing an additional 42,634 shares during the period. The Manufacturers Life Insurance Company’s holdings in LKQ were worth $8,266,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of LKQ. Seizert Capital Partners LLC increased its stake in shares of LKQ by 451.1% during the third quarter. Seizert Capital Partners LLC now owns 1,327,664 shares of the auto parts company’s stock valued at $53,000,000 after buying an additional 1,086,758 shares during the period. Millennium Management LLC raised its holdings in LKQ by 552.8% in the 2nd quarter. Millennium Management LLC now owns 1,236,158 shares of the auto parts company’s stock worth $51,412,000 after purchasing an additional 1,046,805 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of 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 purchasing an additional 875,420 shares during the period. Cooke & Bieler LP boosted its stake in shares of LKQ by 39.8% during the 2nd quarter. Cooke & Bieler LP now owns 3,067,772 shares of the auto parts company’s stock valued at $127,589,000 after purchasing an additional 873,665 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of LKQ by 230.3% during the second quarter. Principal Financial Group Inc. now owns 1,011,132 shares of the auto parts company’s stock valued at $42,053,000 after buying an additional 705,040 shares during the period. Institutional investors own 95.63% of the company’s stock.

Wall Street Analysts Forecast Growth

LKQ has been the subject of several research analyst reports. Roth Mkm restated a “buy” rating and issued a $59.00 price objective on shares of LKQ in a report on Thursday, September 12th. Robert W. Baird lowered 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. StockNews.com raised LKQ from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. JPMorgan Chase & Co. raised 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. Finally, 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. Six analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $53.80.

LKQ Stock Up 0.4 %

LKQ stock opened at $39.42 on Wednesday. The business has a 50 day moving average of $38.59 and a 200 day moving average of $40.52. The firm has a market cap of $10.25 billion, a PE ratio of 14.71 and a beta of 1.29. LKQ Co. has a twelve month low of $35.57 and a twelve month 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 posted its quarterly earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $3.65 billion. During the same quarter in the previous year, the firm earned $0.86 EPS. LKQ’s quarterly revenue was up .4% compared to the same quarter last year. On average, research analysts forecast that LKQ Co. will post 3.43 EPS for the current fiscal year.

LKQ Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date was Thursday, November 14th. LKQ’s payout ratio is 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.