UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 33,470 Shares of LKQ Co. (NASDAQ:LKQ)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in LKQ Co. (NASDAQ:LKQ) by 1.4% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,406,310 shares of the auto parts company’s stock after selling 33,470 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.93% of LKQ worth $96,060,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Catalyst Capital Advisors LLC bought a new position in shares of LKQ in the third quarter worth about $25,000. Rothschild Investment LLC bought a new position in LKQ in the 2nd quarter worth about $33,000. Allworth Financial LP raised its stake in shares of 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 acquiring an additional 490 shares in the last quarter. Bruce G. Allen Investments LLC boosted its holdings in shares of LKQ by 33.5% in 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 period. Finally, Banque Cantonale Vaudoise grew its stake in LKQ by 29.8% in 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 in the last quarter. Hedge funds and other institutional investors own 95.63% of the company’s stock.

LKQ Stock Up 0.4 %

NASDAQ:LKQ opened at $39.29 on Monday. The company’s 50-day simple moving average is $38.62 and its 200-day simple moving average is $40.59. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.72. LKQ Co. has a fifty-two week low of $35.57 and a fifty-two week high of $53.68. The stock has a market capitalization of $10.21 billion, a P/E ratio of 14.66 and a beta of 1.29.

LKQ (NASDAQ:LKQ) last announced its earnings results 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 company had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same period last year, the firm earned $0.86 earnings per share. LKQ’s revenue was up .4% compared to the same quarter last year. On average, equities analysts anticipate that LKQ Co. will post 3.43 earnings per share for the current fiscal year.

LKQ Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date was Thursday, November 14th. LKQ’s dividend payout ratio (DPR) is presently 44.78%.

Analyst Upgrades and Downgrades

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