LKQ Co. (NASDAQ:LKQ) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its position in LKQ Co. (NASDAQ:LKQ) by 0.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,488,432 shares of the auto parts company’s stock after buying an additional 12,766 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.96% of LKQ worth $99,338,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LKQ. Massachusetts Financial Services Co. MA grew its position in shares of LKQ by 0.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 11,977,708 shares of the auto parts company’s stock worth $478,150,000 after buying an additional 33,212 shares in the last quarter. Boston Partners boosted its stake in LKQ by 9.5% during the 1st quarter. Boston Partners now owns 8,220,571 shares of the auto parts company’s stock valued at $438,108,000 after acquiring an additional 712,698 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in LKQ by 6.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,398,538 shares of the auto parts company’s stock worth $182,936,000 after acquiring an additional 253,639 shares in the last quarter. Cooke & Bieler LP increased its position in shares of LKQ by 39.8% in the 2nd quarter. Cooke & Bieler LP now owns 3,067,772 shares of the auto parts company’s stock worth $127,589,000 after purchasing an additional 873,665 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC raised its stake in shares of LKQ by 5.9% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 1,977,927 shares of the auto parts company’s stock valued at $78,959,000 after purchasing an additional 110,636 shares in the last quarter. 95.63% of the stock is owned by hedge funds and other institutional investors.

LKQ Price Performance

Shares of NASDAQ LKQ opened at $39.00 on Wednesday. LKQ Co. has a 1-year low of $35.57 and a 1-year high of $53.68. The firm has a market capitalization of $10.14 billion, a PE ratio of 14.55 and a beta of 1.29. 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 business’s fifty day moving average price is $38.74 and its two-hundred day moving average price is $40.74.

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 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 the consensus estimate of $3.65 billion. During the same period last year, the firm posted $0.86 EPS. LKQ’s quarterly revenue was up .4% compared to the same quarter last year. On average, research analysts expect that LKQ Co. will post 3.43 EPS for the current year.

LKQ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Thursday, November 14th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date is Thursday, November 14th. LKQ’s dividend payout ratio (DPR) is 44.78%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Stifel Nicolaus decreased their price target on LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Roth Mkm reissued a “buy” rating and set a $59.00 price target on shares of LKQ in a research report on Thursday, September 12th. Barrington Research reaffirmed an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a report on Friday, October 25th. JPMorgan Chase & Co. boosted their target price on shares of LKQ from $54.00 to $55.00 and gave the company an “overweight” rating in a research note on Thursday, September 12th. Finally, StockNews.com upgraded shares of LKQ from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, LKQ presently has a consensus rating of “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.