TD Asset Management Inc. boosted its stake in LKQ Co. (NASDAQ:LKQ) by 2.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 100,080 shares of the auto parts company’s stock after purchasing an additional 2,300 shares during the period. TD Asset Management Inc.’s holdings in LKQ were worth $5,036,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of LKQ. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in LKQ by 12.9% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 53,526 shares of the auto parts company’s stock worth $2,635,000 after purchasing an additional 6,111 shares during the period. State Board of Administration of Florida Retirement System grew its position in LKQ by 5.0% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 428,882 shares of the auto parts company’s stock worth $21,110,000 after purchasing an additional 20,234 shares during the period. BNP Paribas Arbitrage SA grew its position in LKQ by 55.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 110,344 shares of the auto parts company’s stock worth $5,431,000 after purchasing an additional 39,300 shares during the period. Toronto Dominion Bank boosted its stake in shares of LKQ by 3.1% during the 2nd quarter. Toronto Dominion Bank now owns 162,635 shares of the auto parts company’s stock worth $8,006,000 after acquiring an additional 4,820 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in shares of LKQ by 3.8% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 27,831 shares of the auto parts company’s stock worth $1,370,000 after acquiring an additional 1,007 shares during the last quarter. 99.59% of the stock is owned by institutional investors and hedge funds.
Several research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of LKQ from a “buy” rating to a “hold” rating and set a $59.00 price target on the stock. in a research note on Tuesday, October 26th. Raymond James lifted their price target on shares of LKQ from $60.00 to $62.00 and gave the stock an “outperform” rating in a research note on Friday, October 29th. Finally, Barrington Research lifted their price target on shares of LKQ to $70.00 and gave the stock an “outperform” rating in a research note on Friday, October 29th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $62.83.
LKQ (NASDAQ:LKQ) last announced its quarterly earnings results on Wednesday, October 27th. The auto parts company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.86 by $0.16. The business had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $3.27 billion. LKQ had a net margin of 8.06% and a return on equity of 19.50%. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.75 EPS. On average, equities research analysts predict that LKQ Co. will post 3.87 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, December 2nd. Shareholders of record on Thursday, November 11th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.76%. The ex-dividend date was Tuesday, November 9th. LKQ’s payout ratio is currently 29.07%.
LKQ Corp. is a distributor of vehicle products and its parts to repair, maintenance, and accessorize automobiles. It operates through the following segments: Wholesale-North America, Europe and Specialty. The Wholesale-North America segment includes Glass and Self Service segments. The company was founded by Donald F.
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