Crossmark Global Holdings Inc. Increases Stake in LKQ Co. (NASDAQ:LKQ)

Crossmark Global Holdings Inc. boosted its stake in LKQ Co. (NASDAQ:LKQ) by 10.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,816 shares of the auto parts company’s stock after purchasing an additional 2,047 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in LKQ were worth $871,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Catalyst Capital Advisors LLC purchased a new position in shares of LKQ in the 3rd quarter worth about $25,000. Rothschild Investment LLC purchased a new position in LKQ in the second quarter valued at approximately $33,000. Allworth Financial LP lifted its position in 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 buying an additional 490 shares in the last quarter. Bruce G. Allen Investments LLC increased its position 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 worth $46,000 after acquiring an additional 289 shares in the last quarter. Finally, Banque Cantonale Vaudoise raised its stake in shares of 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 during the period. Institutional investors and hedge funds own 95.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on LKQ. Barrington Research reaffirmed an “outperform” rating and set a $60.00 price target on shares of LKQ in a research report on Friday, October 25th. Robert W. Baird lowered their target price on LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Stifel Nicolaus reduced their price target on LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Roth Mkm restated a “buy” rating and issued a $59.00 price target on shares of LKQ in a report on Thursday, September 12th. Finally, StockNews.com lowered shares of LKQ from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.80.

LKQ Trading Up 0.7 %

Shares of LKQ opened at $38.69 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. LKQ Co. has a one year low of $35.57 and a one year high of $53.68. The stock has a 50-day moving average price of $38.97 and a 200 day moving average price of $41.06. The company has a market capitalization of $10.06 billion, a P/E ratio of 14.44 and a beta of 1.29.

LKQ (NASDAQ:LKQ) last released its quarterly earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share for the quarter, topping 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 business had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter last year, the company earned $0.86 earnings per share. The business’s quarterly revenue was up .4% compared to the same quarter last year. Sell-side analysts forecast that LKQ Co. will post 3.43 EPS for the current fiscal year.

LKQ Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors 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 dividend on an annualized basis and a yield of 3.10%. LKQ’s dividend payout ratio (DPR) is 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.