Sasco Capital Inc. CT Sells 72,810 Shares of LKQ Co. (NASDAQ:LKQ)

Sasco Capital Inc. CT reduced its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 15.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 410,210 shares of the auto parts company’s stock after selling 72,810 shares during the period. LKQ comprises 2.5% of Sasco Capital Inc. CT’s portfolio, making the stock its 26th biggest position. Sasco Capital Inc. CT owned about 0.16% of LKQ worth $16,376,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of LKQ. Catalyst Capital Advisors LLC bought a new position in shares of LKQ in the third quarter worth about $25,000. Rothschild Investment LLC purchased a new position in shares of LKQ during the second quarter worth approximately $33,000. Allworth Financial LP raised its stake in shares of LKQ by 94.2% during the third quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company’s stock valued at $40,000 after acquiring an additional 490 shares in the last quarter. Bruce G. Allen Investments LLC boosted its holdings in shares of LKQ by 33.5% in the third quarter. Bruce G. Allen Investments LLC now owns 1,151 shares of the auto parts company’s stock valued at $46,000 after purchasing an additional 289 shares during the period. Finally, Banque Cantonale Vaudoise increased its holdings in LKQ by 29.8% during the 2nd quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company’s stock worth $50,000 after purchasing an additional 278 shares during the period. Institutional investors own 95.63% of the company’s stock.

LKQ Price Performance

Shares of NASDAQ LKQ opened at $38.06 on Tuesday. LKQ Co. has a fifty-two week low of $35.57 and a fifty-two week high of $53.68. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.72. The company has a market cap of $9.89 billion, a PE ratio of 14.20 and a beta of 1.29. The business has a 50-day simple moving average of $38.94 and a two-hundred day simple moving average of $40.99.

LKQ (NASDAQ:LKQ) last released its earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.01. The company had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.65 billion. LKQ had a net margin of 4.90% and a return on equity of 15.15%. LKQ’s revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.86 EPS. As a group, equities analysts expect that LKQ Co. will post 3.43 EPS for the current fiscal 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 dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.15%. The ex-dividend date is Thursday, November 14th. LKQ’s dividend payout ratio (DPR) is 44.78%.

Analyst Upgrades and Downgrades

LKQ has been the subject of several research reports. Stifel Nicolaus lowered their target price on LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a report on Friday, October 25th. StockNews.com raised shares of LKQ from a “hold” rating to a “buy” rating in a research report on Monday. JPMorgan Chase & Co. upped their price target on shares of LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a research report on Thursday, September 12th. Barrington Research reissued an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a research note on Friday, October 25th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $59.00 target price on shares of LKQ in a research report on Thursday, September 12th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, LKQ 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.