Roubaix Capital LLC Acquires Shares of 48,366 LKQ Co. (NASDAQ:LKQ)

Roubaix Capital LLC bought a new position in shares of LKQ Co. (NASDAQ:LKQ) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 48,366 shares of the auto parts company’s stock, valued at approximately $1,931,000.

Other hedge funds have also recently modified their holdings of the company. Millennium Management LLC raised its holdings in shares of LKQ by 552.8% during the second quarter. Millennium Management LLC now owns 1,236,158 shares of the auto parts company’s stock valued at $51,412,000 after acquiring an additional 1,046,805 shares during the last quarter. Massachusetts Financial Services Co. MA raised 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 purchasing an additional 875,420 shares during the last quarter. Cooke & Bieler LP lifted its holdings in LKQ by 39.8% in the 2nd quarter. Cooke & Bieler LP now owns 3,067,772 shares of the auto parts company’s stock valued at $127,589,000 after purchasing an additional 873,665 shares in the last quarter. Boston Partners boosted its stake in LKQ by 9.5% during the 1st quarter. Boston Partners now owns 8,220,571 shares of the auto parts company’s stock worth $438,108,000 after purchasing an additional 712,698 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of LKQ by 230.3% during the second quarter. Principal Financial Group Inc. now owns 1,011,132 shares of the auto parts company’s stock worth $42,053,000 after buying an additional 705,040 shares in the last quarter. Institutional investors and hedge funds own 95.63% of the company’s stock.

LKQ Price Performance

LKQ stock opened at $37.31 on Thursday. LKQ Co. has a 52-week low of $35.57 and a 52-week high of $53.68. The business has a fifty day moving average of $39.88 and a two-hundred day moving average of $41.69. The stock has a market cap of $9.95 billion, a price-to-earnings ratio of 12.11 and a beta of 1.28. The company has a quick ratio of 0.70, a current ratio of 1.75 and a debt-to-equity ratio of 0.69.

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 the consensus estimate of $0.87 by $0.01. The firm had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.65 billion. LKQ had a net margin of 5.03% and a return on equity of 15.33%. LKQ’s revenue was up .4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.86 EPS. As a group, research analysts anticipate 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 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 yield of 3.22%. LKQ’s dividend payout ratio (DPR) is presently 38.96%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on LKQ. StockNews.com raised shares of LKQ from a “hold” rating to a “buy” rating in a research note on Monday. JPMorgan Chase & Co. raised their target price 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. Robert W. Baird cut their price target on LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Stifel Nicolaus lowered their price objective on LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $59.00 target price on shares of LKQ in a research note on Thursday, September 12th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, LKQ has a consensus rating of “Buy” and an average target price 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.