M&T Bank Corp Boosts Stake in LKQ Co. (NASDAQ:LKQ)

M&T Bank Corp increased its position in LKQ Co. (NASDAQ:LKQ) by 7.2% in the third quarter, HoldingsChannel reports. The firm owned 59,157 shares of the auto parts company’s stock after purchasing an additional 3,973 shares during the quarter. M&T Bank Corp’s holdings in LKQ were worth $2,361,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Banque Cantonale Vaudoise lifted its position 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 buying an additional 278 shares during the period. Bruce G. Allen Investments LLC lifted its position 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 during the period. Private Trust Co. NA boosted its stake in LKQ by 31.2% during the third quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company’s stock worth $50,000 after acquiring an additional 299 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in LKQ by 0.3% in the third quarter. Asset Management One Co. Ltd. now owns 103,156 shares of the auto parts company’s stock worth $4,118,000 after purchasing an additional 306 shares during the period. Finally, Montag A & Associates Inc. increased its stake in shares of LKQ by 0.6% during the second quarter. Montag A & Associates Inc. now owns 50,495 shares of the auto parts company’s stock valued at $2,100,000 after purchasing an additional 314 shares in the last quarter. 95.63% of the stock is currently owned by institutional investors.

LKQ Price Performance

Shares of NASDAQ:LKQ opened at $37.98 on Friday. 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 firm has a market cap of $9.87 billion, a price-to-earnings ratio of 14.17 and a beta of 1.29. The business has a 50-day simple moving average of $38.47 and a two-hundred day simple moving average of $40.30. LKQ Co. has a fifty-two week low of $35.57 and a fifty-two week high of $53.68.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings data on Thursday, October 24th. The auto parts company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.01. LKQ had a net margin of 4.90% and a return on equity of 15.15%. The company had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter in the prior year, the firm earned $0.86 earnings per share. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. On average, analysts expect that LKQ Co. will post 3.43 earnings per share for the current year.

LKQ Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend was Thursday, November 14th. LKQ’s payout ratio is currently 44.78%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on LKQ shares. JPMorgan Chase & Co. upped their price target on 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 target price on LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. StockNews.com upgraded shares of LKQ from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Roth Mkm restated a “buy” rating and set a $59.00 price objective on shares of LKQ in a research note on Thursday, September 12th. Finally, Stifel Nicolaus decreased their target price on shares of LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a report on Friday, October 25th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $53.80.

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.