Thompson Siegel & Walmsley LLC Increases Stock Position in LKQ Co. (NASDAQ:LKQ)

Thompson Siegel & Walmsley LLC boosted its stake in shares of LKQ Co. (NASDAQ:LKQ) by 5.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,977,927 shares of the auto parts company’s stock after purchasing an additional 110,636 shares during the period. LKQ comprises 1.2% of Thompson Siegel & Walmsley LLC’s portfolio, making the stock its 20th largest holding. Thompson Siegel & Walmsley LLC owned about 0.76% of LKQ worth $78,959,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Manning & Napier Advisors LLC purchased a new position in shares of LKQ during the 2nd quarter worth $3,839,000. Capital World Investors grew its holdings in LKQ by 91.0% during the first quarter. Capital World Investors now owns 582,953 shares of the auto parts company’s stock valued at $31,136,000 after purchasing an additional 277,700 shares during the period. Addenda Capital Inc. purchased a new stake in LKQ in the second quarter worth about $6,419,000. TCW Group Inc. bought a new position in shares of LKQ in the second quarter worth about $6,601,000. Finally, Swedbank AB bought a new position in shares of LKQ in the first quarter worth about $20,555,000. Hedge funds and other institutional investors own 95.63% of the company’s stock.

LKQ Trading Down 0.7 %

Shares of LKQ stock opened at $37.32 on Thursday. The company has a market cap of $9.70 billion, a PE ratio of 13.93 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. The stock’s 50 day simple moving average is $38.84 and its two-hundred day simple moving average is $40.88. LKQ Co. has a 1 year low of $35.57 and a 1 year high of $53.68.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings data on Thursday, October 24th. The auto parts company reported $0.88 EPS 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 during the quarter, compared to analyst estimates of $3.65 billion. During the same period in the previous year, the firm earned $0.86 earnings per share. LKQ’s quarterly revenue was up .4% compared to the same quarter last year. Research analysts predict that LKQ Co. will post 3.43 earnings per share for the current year.

LKQ Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.22%. LKQ’s payout ratio is 44.78%.

Analyst Ratings Changes

Several research firms recently issued reports on LKQ. Stifel Nicolaus reduced their target price on shares of LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a report on Friday, October 25th. Robert W. Baird reduced 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. Barrington Research reaffirmed an “outperform” rating and issued a $60.00 target price on shares of LKQ in a report on Friday, October 25th. JPMorgan Chase & Co. raised their price target on LKQ from $54.00 to $55.00 and gave the company an “overweight” rating in a report on Thursday, September 12th. Finally, StockNews.com raised LKQ from a “hold” rating to a “buy” rating in a research note on Monday. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target 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.