Cadence Bank Has $500,000 Stock Holdings in LKQ Co. (NASDAQ:LKQ)

Cadence Bank grew its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 4.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,523 shares of the auto parts company’s stock after buying an additional 572 shares during the quarter. Cadence Bank’s holdings in LKQ were worth $500,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Catalyst Capital Advisors LLC acquired a new position in LKQ during the 3rd quarter valued at about $25,000. Rothschild Investment LLC purchased a new position in shares of LKQ during the second quarter valued at approximately $33,000. Allworth Financial LP grew its holdings in LKQ by 94.2% during the third quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company’s stock worth $40,000 after buying an additional 490 shares in the last quarter. Bruce G. Allen Investments LLC lifted its stake in LKQ by 33.5% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,151 shares of the auto parts company’s stock valued at $46,000 after acquiring an additional 289 shares in the last quarter. Finally, Banque Cantonale Vaudoise lifted its stake in LKQ by 29.8% during the 2nd quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company’s stock valued at $50,000 after acquiring an additional 278 shares in the last quarter. 95.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on LKQ. Roth Mkm reiterated a “buy” rating and issued a $59.00 target price on shares of LKQ in a research note on Thursday, September 12th. Barrington Research reiterated an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a research note on Friday, October 25th. Stifel Nicolaus cut their target price on LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Robert W. Baird decreased their price target on LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Finally, StockNews.com raised LKQ from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, LKQ currently has an average rating of “Buy” and a consensus target price of $53.80.

LKQ Trading Up 0.3 %

NASDAQ:LKQ opened at $39.13 on Thursday. The company has a current ratio of 1.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $10.17 billion, a PE ratio of 14.60 and a beta of 1.29. The firm’s 50 day moving average is $38.70 and its 200 day moving average is $40.70. LKQ Co. has a 12 month low of $35.57 and a 12 month high of $53.68.

LKQ (NASDAQ:LKQ) last issued its earnings results 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. LKQ had a return on equity of 15.15% and a net margin of 4.90%. The firm had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same period in the previous year, the company posted $0.86 earnings per share. The business’s revenue was up .4% on a year-over-year basis. Sell-side analysts expect that LKQ Co. will post 3.43 earnings per share for the current year.

LKQ Dividend Announcement

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