1,417 Shares in LKQ Co. (NASDAQ:LKQ) Purchased by Kennebec Savings Bank

Kennebec Savings Bank purchased a new position in LKQ Co. (NASDAQ:LKQ) during the third quarter, Holdings Channel reports. The fund purchased 1,417 shares of the auto parts company’s stock, valued at approximately $57,000.

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

LKQ Stock Up 2.6 %

Shares of NASDAQ LKQ opened at $39.36 on Tuesday. 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 1.72 and a quick ratio of 0.67. The firm’s 50 day simple moving average is $39.13 and its two-hundred day simple moving average is $41.13. The stock has a market capitalization of $10.23 billion, a P/E ratio of 14.69 and a beta of 1.29.

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, 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 firm had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.65 billion. During the same quarter last year, the business earned $0.86 earnings per share. The business’s revenue was up .4% on a year-over-year basis. As a group, analysts expect that LKQ Co. will post 3.43 EPS for the current fiscal year.

LKQ Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend is Thursday, November 14th. LKQ’s dividend payout ratio (DPR) is presently 44.78%.

Analyst Ratings Changes

Several brokerages have recently weighed in on LKQ. Roth Mkm reiterated a “buy” rating and set a $59.00 price target on shares of LKQ in a research report on Thursday, September 12th. JPMorgan Chase & Co. upped their price objective 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 restated an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a research report on Friday, October 25th. Stifel Nicolaus decreased their price objective on shares of LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Finally, StockNews.com cut shares of LKQ from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, LKQ presently has an average rating of “Moderate Buy” and an average 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.