Wolverine Trading LLC Makes New Investment in LKQ Co. (NASDAQ:LKQ)

Wolverine Trading LLC acquired a new stake in LKQ Co. (NASDAQ:LKQ) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 7,385 shares of the auto parts company’s stock, valued at approximately $298,000.

A number of other institutional investors have also recently made changes to their positions in LKQ. Catalyst Capital Advisors LLC bought a new stake in LKQ during the 3rd quarter valued at $25,000. Rothschild Investment LLC purchased a new position in shares of LKQ in the second quarter valued at about $33,000. Allworth Financial LP increased its position in shares of LKQ by 94.2% in 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 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. Finally, Banque Cantonale Vaudoise boosted 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. Hedge funds and other institutional investors own 95.63% of the company’s stock.

LKQ Price Performance

LKQ opened at $37.98 on Friday. The company has a current ratio of 1.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.69. The company has a market cap of $9.87 billion, a price-to-earnings ratio of 14.17 and a beta of 1.29. The stock has a fifty day simple moving average of $38.47 and a two-hundred day simple moving average of $40.29. LKQ Co. has a 12-month low of $35.57 and a 12-month high of $53.68.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $3.65 billion. During the same period last year, the business earned $0.86 EPS. LKQ’s quarterly revenue was up .4% compared to the same quarter last year. Research analysts predict that LKQ Co. will post 3.43 earnings per share for the current fiscal year.

LKQ Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were given a $0.30 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.16%. LKQ’s dividend payout ratio is currently 44.78%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on LKQ. StockNews.com upgraded LKQ from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Robert W. Baird decreased their target price on LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Friday, October 25th. JPMorgan Chase & Co. raised their price target on LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a research note on Thursday, September 12th. Stifel Nicolaus reduced their price objective on shares of LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $59.00 target price on shares of LKQ in a research report on Thursday, September 12th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus 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.