LKQ Co. (NASDAQ:LKQ) Stock Position Reduced by Janus Henderson Group PLC

Janus Henderson Group PLC reduced its position in shares of LKQ Co. (NASDAQ:LKQ) by 0.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 788,553 shares of the auto parts company’s stock after selling 3,815 shares during the period. Janus Henderson Group PLC owned about 0.30% of LKQ worth $31,479,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC bought a new position in shares of LKQ during the third quarter valued at approximately $25,000. Rothschild Investment LLC acquired a new position in LKQ during the 2nd quarter valued at approximately $33,000. Allworth Financial LP grew its stake in 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 buying an additional 490 shares during the last quarter. Bruce G. Allen Investments LLC increased its position in 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 buying an additional 289 shares during the period. 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 valued at $50,000 after acquiring an additional 278 shares during the period. 95.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

LKQ has been the topic of a number of analyst reports. Stifel Nicolaus dropped their price objective on shares of LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Robert W. Baird cut their price target on LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. JPMorgan Chase & Co. increased their price objective on LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a report on Thursday, September 12th. StockNews.com raised LKQ from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Finally, Roth Mkm reissued a “buy” rating and issued a $59.00 price target on shares of LKQ in a research note on Thursday, September 12th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $53.80.

LKQ Stock Performance

Shares of NASDAQ LKQ opened at $38.89 on Friday. LKQ Co. has a 1 year low of $35.57 and a 1 year high of $53.68. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.72. The stock has a fifty day moving average price of $38.56 and a two-hundred day moving average price of $40.47. The firm has a market cap of $10.11 billion, a P/E ratio of 14.51 and a beta of 1.29.

LKQ (NASDAQ:LKQ) last released its earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.01. LKQ had a return on equity of 15.15% and a net margin of 4.90%. The firm had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same period in the previous year, the company earned $0.86 earnings per share. LKQ’s revenue was up .4% compared to the same quarter last year. Research analysts forecast that LKQ Co. will post 3.43 EPS 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 given a $0.30 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 3.09%. LKQ’s dividend payout ratio (DPR) is 44.78%.

LKQ 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.