Creative Financial Designs Inc. ADV Buys 1,486 Shares of LKQ Co. (NASDAQ:LKQ)

Creative Financial Designs Inc. ADV raised its stake in shares of LKQ Co. (NASDAQ:LKQ) by 7.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,289 shares of the auto parts company’s stock after purchasing an additional 1,486 shares during the period. Creative Financial Designs Inc. ADV’s holdings in LKQ were worth $850,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in LKQ. Millennium Management LLC increased its position in LKQ by 552.8% in the second 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 during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of LKQ by 7.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 11,944,496 shares of the auto parts company’s stock valued at $496,772,000 after buying an additional 875,420 shares in the last quarter. Cooke & Bieler LP lifted its holdings in shares of LKQ by 39.8% in 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 acquiring an additional 873,665 shares during the last quarter. Boston Partners grew its position in LKQ by 9.5% in the first quarter. Boston Partners now owns 8,220,571 shares of the auto parts company’s stock worth $438,108,000 after acquiring an additional 712,698 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in 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 worth $42,053,000 after acquiring an additional 705,040 shares during the last quarter. Hedge funds and other institutional investors own 95.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on LKQ. 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 note on Friday, October 25th. Roth Mkm restated a “buy” rating and issued a $59.00 price target on shares of LKQ in a research report on Thursday, September 12th. Stifel Nicolaus cut their price objective on shares of LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. JPMorgan Chase & Co. raised their target price on shares of LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a report on Thursday, September 12th. Finally, StockNews.com upgraded shares of LKQ from a “hold” rating to a “buy” rating in a report on Monday, October 28th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, LKQ has an average rating of “Buy” and a consensus price target of $53.80.

LKQ Stock Up 0.3 %

NASDAQ:LKQ opened at $36.90 on Friday. The company has a market cap of $9.59 billion, a price-to-earnings ratio of 13.77 and a beta of 1.28. LKQ Co. has a twelve month low of $35.57 and a twelve month high of $53.68. The company has a current ratio of 1.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.69. The stock has a fifty day simple moving average of $39.69 and a 200-day simple moving average of $41.62.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings data on Thursday, October 24th. The auto parts company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.01. The company 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 firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter last year, the business posted $0.86 EPS. Analysts anticipate that LKQ Co. will post 3.43 EPS for the current year.

LKQ Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 3.25%. LKQ’s payout ratio is currently 44.78%.

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.