Keynote Financial Services LLC Has $540,000 Holdings in LKQ Co. (NASDAQ:LKQ)

Keynote Financial Services LLC increased its position in shares of LKQ Co. (NASDAQ:LKQ) by 119.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,534 shares of the auto parts company’s stock after buying an additional 7,365 shares during the period. Keynote Financial Services LLC’s holdings in LKQ were worth $540,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LKQ. Catalyst Capital Advisors LLC acquired a new position in shares of LKQ during the 3rd quarter worth about $25,000. Rothschild Investment LLC acquired a new position in LKQ during the second quarter worth approximately $33,000. Allworth Financial LP increased its position in LKQ by 94.2% during the 3rd quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company’s stock worth $40,000 after buying an additional 490 shares during the period. Bruce G. Allen Investments LLC boosted its position 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 acquiring an additional 289 shares during the period. Finally, Banque Cantonale Vaudoise grew its stake in shares of LKQ by 29.8% in the second quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company’s stock valued at $50,000 after acquiring an additional 278 shares in the last quarter. 95.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on LKQ. Robert W. Baird dropped their price objective on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Stifel Nicolaus cut their price target on LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Barrington Research restated an “outperform” rating and set a $60.00 price objective on shares of LKQ in a research note on Friday, October 25th. StockNews.com downgraded LKQ from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. raised their price target on LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a research report on Thursday, September 12th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $53.80.

LKQ Price Performance

LKQ stock opened at $38.38 on Friday. The company has a 50 day simple moving average of $39.24 and a 200 day simple moving average of $41.24. The stock has a market cap of $9.98 billion, a price-to-earnings ratio of 14.32 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 Co. has a 1 year low of $35.57 and a 1 year high of $53.68.

LKQ (NASDAQ:LKQ) last issued 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 net margin of 4.90% and a return on equity of 15.15%. The business had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.65 billion. During the same quarter last year, the business earned $0.86 EPS. The firm’s quarterly revenue was up .4% on a year-over-year basis. Research analysts anticipate that LKQ Co. will post 3.43 EPS for the current fiscal year.

LKQ Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be given a $0.30 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.13%. LKQ’s dividend payout ratio (DPR) is presently 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.