Strategic Blueprint LLC Invests $268,000 in LKQ Co. (NASDAQ:LKQ)

Strategic Blueprint LLC acquired a new stake in shares of LKQ Co. (NASDAQ:LKQ) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 6,710 shares of the auto parts company’s stock, valued at approximately $268,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Rothschild Investment LLC bought a new stake in shares of LKQ during the second quarter worth about $33,000. Allworth Financial LP increased its position in LKQ by 94.2% in the 3rd 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 during the period. Bruce G. Allen Investments LLC raised its stake 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 valued at $46,000 after acquiring an additional 289 shares during the last quarter. Banque Cantonale Vaudoise lifted its holdings in shares of LKQ by 29.8% during the second 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. Finally, Fidelis Capital Partners LLC bought a new stake in shares of LKQ in the first quarter worth $56,000. Institutional investors own 95.63% of the company’s stock.

LKQ Trading Up 0.3 %

NASDAQ:LKQ opened at $36.90 on Friday. LKQ Co. has a one year low of $35.57 and a one year high of $53.68. The company has a market cap of $9.59 billion, a PE ratio of 13.77 and a beta of 1.28. 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 has a 50-day moving average of $39.69 and a 200-day moving average of $41.62.

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

LKQ Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be paid a $0.30 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.25%. LKQ’s payout ratio is 44.78%.

Analyst Upgrades and Downgrades

Several brokerages have commented on LKQ. Barrington Research reaffirmed an “outperform” rating and set a $60.00 target price on shares of LKQ in a report on Friday, October 25th. StockNews.com raised LKQ from a “hold” rating to a “buy” rating in a research note on Monday, October 28th. JPMorgan Chase & Co. increased their target price on shares of LKQ from $54.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday, September 12th. Robert W. Baird dropped their price target on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report 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 note on Thursday, September 12th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price 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.