FORA Capital LLC Takes $2.44 Million Position in LKQ Co. (NASDAQ:LKQ)

FORA Capital LLC acquired a new position in shares of LKQ Co. (NASDAQ:LKQ) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 61,049 shares of the auto parts company’s stock, valued at approximately $2,437,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Manning & Napier Advisors LLC acquired a new stake in shares of LKQ during the second quarter valued at about $3,839,000. Addenda Capital Inc. bought a new position in LKQ in the 2nd quarter valued at approximately $6,419,000. TCW Group Inc. bought a new position in LKQ in the 2nd quarter valued at approximately $6,601,000. Swedbank AB acquired a new stake in LKQ during the 1st quarter worth approximately $20,555,000. Finally, Squarepoint Ops LLC grew its holdings in LKQ by 3,683.6% during the 2nd quarter. Squarepoint Ops LLC now owns 274,577 shares of the auto parts company’s stock worth $11,420,000 after acquiring an additional 267,320 shares during the last quarter. Institutional investors own 95.63% of the company’s stock.

LKQ Trading Up 0.3 %

NASDAQ LKQ opened at $39.13 on Thursday. The stock has a market capitalization of $10.17 billion, a P/E ratio of 14.60 and a beta of 1.29. The business has a 50 day simple moving average of $38.70 and a 200 day simple moving average of $40.70. 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 one year low of $35.57 and a one year high of $53.68.

LKQ (NASDAQ:LKQ) last announced 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 the consensus estimate of $3.65 billion. During the same quarter last year, the firm posted $0.86 EPS. The company’s quarterly revenue was up .4% on a year-over-year basis. Research analysts expect that LKQ Co. will post 3.43 earnings per share for the current year.

LKQ Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.07%. LKQ’s dividend payout ratio is currently 44.78%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Roth Mkm reiterated a “buy” rating and set a $59.00 price target on shares of LKQ in a report on Thursday, September 12th. Stifel Nicolaus reduced their price target on 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 price objective on LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a research report on Thursday, September 12th. StockNews.com upgraded LKQ from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Finally, Barrington Research restated an “outperform” rating and set a $60.00 price target on shares of LKQ in a report on Friday, October 25th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $53.80.

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.