Pullen Investment Management LLC Has $1.21 Million Holdings in LKQ Co. (NASDAQ:LKQ)

Pullen Investment Management LLC increased its stake in shares of LKQ Co. (NASDAQ:LKQ) by 3.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 30,222 shares of the auto parts company’s stock after acquiring an additional 901 shares during the period. Pullen Investment Management LLC’s holdings in LKQ were worth $1,206,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in LKQ by 2.2% during the first quarter. Vanguard Group Inc. now owns 30,897,480 shares of the auto parts company’s stock valued at $1,650,234,000 after purchasing an additional 656,883 shares during the last quarter. Massachusetts Financial Services Co. MA grew 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. Boston Partners raised its holdings in 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 acquiring an additional 712,698 shares during the period. Nordea Investment Management AB lifted its position in LKQ by 1.4% during the 1st quarter. Nordea Investment Management AB now owns 7,396,653 shares of the auto parts company’s stock worth $396,461,000 after acquiring an additional 103,659 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in LKQ by 6.1% during the second quarter. Dimensional Fund Advisors LP now owns 4,398,538 shares of the auto parts company’s stock valued at $182,936,000 after acquiring an additional 253,639 shares during the period. 95.63% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

LKQ has been the subject of several research analyst reports. StockNews.com cut LKQ from a “buy” rating to a “hold” rating in a research report on Tuesday, September 17th. Roth Mkm reiterated a “buy” rating and set a $59.00 price target on shares of LKQ in a report on Thursday, September 12th. JPMorgan Chase & Co. raised their price objective on shares of LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a research note 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. Finally, Stifel Nicolaus reduced their price target on shares of LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a report on Friday. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, LKQ has a consensus rating of “Moderate Buy” and a consensus price target of $53.80.

LKQ Stock Down 0.3 %

Shares of LKQ stock opened at $37.55 on Friday. LKQ Co. has a one year low of $35.57 and a one year high of $53.68. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.75 and a quick ratio of 0.70. The stock has a fifty day moving average price of $40.02 and a 200 day moving average price of $41.92. The stock has a market cap of $9.89 billion, a P/E ratio of 13.75 and a beta of 1.28.

LKQ (NASDAQ:LKQ) last released its quarterly earnings data on Thursday, October 24th. The auto parts company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.01. The company had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.65 billion. LKQ had a net margin of 5.03% and a return on equity of 15.33%. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period last year, the firm earned $0.86 EPS. Analysts predict that LKQ Co. will post 3.54 earnings per share for the current year.

LKQ Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors 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 3.20%. LKQ’s dividend payout ratio (DPR) is presently 43.96%.

Insider Activity at LKQ

In related news, SVP Matthew J. Mckay acquired 2,500 shares of the business’s stock in a transaction on Monday, July 29th. The stock was bought at an average cost of $39.75 per share, with a total value of $99,375.00. Following the completion of the acquisition, the senior vice president now owns 94,670 shares in the company, valued at $3,763,132.50. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.55% of the stock is owned by insiders.

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.