Qsemble Capital Management LP Buys 4,484 Shares of LKQ Co. (NASDAQ:LKQ)

Qsemble Capital Management LP raised its stake in shares of LKQ Co. (NASDAQ:LKQ) by 10.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 47,021 shares of the auto parts company’s stock after acquiring an additional 4,484 shares during the quarter. Qsemble Capital Management LP’s holdings in LKQ were worth $1,877,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Catalyst Capital Advisors LLC acquired a new position in LKQ in the third quarter valued at about $25,000. Rothschild Investment LLC acquired a new position in shares of LKQ in the 2nd quarter worth approximately $33,000. Allworth Financial LP increased its holdings in LKQ by 94.2% during the 3rd 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 in the last quarter. Bruce G. Allen Investments LLC grew its holdings in shares of 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 worth $46,000 after purchasing an additional 289 shares during the last quarter. Finally, Banque Cantonale Vaudoise increased its position in LKQ by 29.8% in 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. Institutional investors and hedge funds own 95.63% of the company’s stock.

Analyst Ratings Changes

LKQ has been the subject of a number of recent research reports. StockNews.com upgraded LKQ from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Barrington Research restated an “outperform” rating and set a $60.00 target price on shares of LKQ in a research report on Friday, October 25th. Stifel Nicolaus reduced their target price on shares of LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. JPMorgan Chase & Co. boosted their price target 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. Finally, Roth Mkm restated a “buy” rating and issued a $59.00 price objective on shares of LKQ in a report on Thursday, September 12th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $53.80.

LKQ Stock Performance

Shares of LKQ stock opened at $39.76 on Tuesday. LKQ Co. has a 12 month low of $35.57 and a 12 month high of $53.68. The stock’s fifty day simple moving average is $38.75 and its 200 day simple moving average is $40.77. The company has a market capitalization of $10.34 billion, a PE ratio of 14.84 and a beta of 1.29. The company has a current ratio of 1.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.69.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings results 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 firm had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same quarter in the previous year, the firm posted $0.86 earnings per share. The business’s revenue was up .4% on a year-over-year basis. On average, research analysts predict that LKQ Co. will post 3.43 EPS for the current year.

LKQ Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders 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 yield of 3.02%. The ex-dividend date is Thursday, November 14th. LKQ’s dividend payout ratio (DPR) is presently 44.78%.

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.