Quest Partners LLC Purchases 4,798 Shares of LKQ Co. (NASDAQ:LKQ)

Quest Partners LLC raised its position in shares of LKQ Co. (NASDAQ:LKQ) by 479,800.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,799 shares of the auto parts company’s stock after acquiring an additional 4,798 shares during the quarter. Quest Partners LLC’s holdings in LKQ were worth $192,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Catalyst Capital Advisors LLC bought a new position in shares of LKQ during the 3rd quarter worth about $25,000. Rothschild Investment LLC bought a new position in shares of LKQ during the 2nd quarter worth about $33,000. Allworth Financial LP boosted its position in shares of LKQ by 94.2% during the 3rd quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company’s stock worth $40,000 after purchasing an additional 490 shares in the last quarter. Bruce G. Allen Investments LLC boosted its position in shares of LKQ by 33.5% during the 3rd 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 in the last quarter. Finally, Banque Cantonale Vaudoise boosted its position in shares of LKQ by 29.8% during the 2nd 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. Institutional investors own 95.63% of the company’s stock.

LKQ Trading Up 0.3 %

LKQ opened at $39.13 on Thursday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.72 and a quick ratio of 0.67. LKQ Co. has a fifty-two week low of $35.57 and a fifty-two week high of $53.68. The firm has a market capitalization of $10.17 billion, a PE ratio of 14.60 and a beta of 1.29. The company’s 50-day moving average is $38.70 and its 200 day moving average is $40.70.

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

LKQ Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 3.07%. LKQ’s dividend payout ratio (DPR) is 44.78%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on LKQ shares. StockNews.com raised shares of LKQ from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Barrington Research reissued an “outperform” rating and set a $60.00 price objective on shares of LKQ in a research report on Friday, October 25th. JPMorgan Chase & Co. upped their target price on shares of LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a report on Thursday, September 12th. Roth Mkm restated a “buy” rating and issued a $59.00 target price on shares of LKQ in a report on Thursday, September 12th. Finally, Robert W. Baird lowered their target price on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Six analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target 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.