Quantinno Capital Management LP Purchases 6,497 Shares of LKQ Co. (NASDAQ:LKQ)

Quantinno Capital Management LP raised its position in shares of LKQ Co. (NASDAQ:LKQ) by 109.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,411 shares of the auto parts company’s stock after buying an additional 6,497 shares during the period. Quantinno Capital Management LP’s holdings in LKQ were worth $495,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Catalyst Capital Advisors LLC acquired a new position in LKQ during the 3rd quarter worth about $25,000. Rothschild Investment LLC acquired a new position in shares of LKQ during the second quarter worth approximately $33,000. Allworth Financial LP grew its stake in shares of 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 purchasing an additional 490 shares during the last quarter. Bruce G. Allen Investments LLC increased its holdings in shares of 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 purchasing an additional 289 shares in the last quarter. Finally, Banque Cantonale Vaudoise raised its position 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 purchasing an additional 278 shares during the last quarter. Institutional investors own 95.63% of the company’s stock.

LKQ Stock Performance

Shares of LKQ stock opened at $37.98 on Friday. The stock has a 50-day moving average of $38.47 and a 200-day moving average of $40.29. LKQ Co. has a one year low of $35.57 and a one year high of $53.68. The stock has a market cap of $9.87 billion, a PE ratio of 14.17 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 posted its earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.01. LKQ had a net margin of 4.90% and a return on equity of 15.15%. The company had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same period last year, the business posted $0.86 earnings per share. The business’s revenue for the quarter was up .4% compared to the same quarter last year. As a group, sell-side analysts expect that LKQ Co. will post 3.43 earnings per share for the current year.

LKQ Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.16%. LKQ’s dividend payout ratio (DPR) is currently 44.78%.

Analyst Upgrades and Downgrades

LKQ has been the subject of several research reports. Roth Mkm reissued a “buy” rating and issued a $59.00 target price on shares of LKQ in a research note on Thursday, September 12th. Robert W. Baird lowered their price objective on LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Barrington Research reissued an “outperform” rating and set a $60.00 price objective on shares of LKQ in a report on Friday, October 25th. StockNews.com raised shares of LKQ from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Finally, JPMorgan Chase & Co. boosted their price target on shares of LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a research note on Thursday, September 12th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average 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.