Goodman Financial Corp Acquires 26,543 Shares of LKQ Co. (NASDAQ:LKQ)

Goodman Financial Corp boosted its holdings in LKQ Co. (NASDAQ:LKQ) by 10.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 286,641 shares of the auto parts company’s stock after acquiring an additional 26,543 shares during the quarter. LKQ accounts for approximately 2.6% of Goodman Financial Corp’s investment portfolio, making the stock its 26th biggest holding. Goodman Financial Corp’s holdings in LKQ were worth $11,443,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Seizert Capital Partners LLC raised its holdings in shares of LKQ by 451.1% in the third quarter. Seizert Capital Partners LLC now owns 1,327,664 shares of the auto parts company’s stock valued at $53,000,000 after purchasing an additional 1,086,758 shares during the last quarter. Millennium Management LLC grew its position in LKQ by 552.8% in the 2nd 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 in the last quarter. Massachusetts Financial Services Co. MA increased its stake in LKQ by 7.9% in 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 during the last quarter. Cooke & Bieler LP lifted its position in shares of LKQ by 39.8% during the 2nd quarter. Cooke & Bieler LP now owns 3,067,772 shares of the auto parts company’s stock worth $127,589,000 after buying an additional 873,665 shares in the last quarter. Finally, Boston Partners boosted its stake in shares of LKQ by 9.5% in the 1st quarter. Boston Partners now owns 8,220,571 shares of the auto parts company’s stock worth $438,108,000 after buying an additional 712,698 shares during the last quarter. Institutional investors and hedge funds own 95.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on LKQ. Roth Mkm reaffirmed a “buy” rating and set a $59.00 price target on shares of LKQ in a research report on Thursday, September 12th. Barrington Research reaffirmed an “outperform” rating and set a $60.00 target price on shares of LKQ in a research report on Friday, October 25th. Robert W. Baird cut their price target on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Stifel Nicolaus decreased their price objective 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. Finally, StockNews.com upgraded shares of LKQ from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, LKQ currently has a consensus rating of “Buy” and an average target price of $53.80.

LKQ Stock Up 3.3 %

LKQ stock opened at $39.76 on Tuesday. The stock has a fifty day moving average of $38.75 and a 200-day moving average of $40.77. LKQ Co. has a fifty-two week low of $35.57 and a fifty-two week high of $53.68. The company has a market capitalization of $10.34 billion, a price-to-earnings ratio of 14.84 and a beta of 1.29. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.72.

LKQ (NASDAQ:LKQ) last issued its earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share for the quarter, topping 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 firm 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 earnings per share. The company’s quarterly revenue was up .4% on a year-over-year basis. As a group, equities research analysts predict that LKQ Co. will post 3.43 earnings per share for the current year.

LKQ Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be given 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 dividend yield of 3.02%. LKQ’s dividend payout ratio is currently 44.78%.

LKQ 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.