Patton Albertson Miller Group LLC Has $4.71 Million Holdings in LKQ Co. (NASDAQ:LKQ)

Patton Albertson Miller Group LLC cut its position in shares of LKQ Co. (NASDAQ:LKQ) by 8.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 117,938 shares of the auto parts company’s stock after selling 10,265 shares during the period. Patton Albertson Miller Group LLC’s holdings in LKQ were worth $4,708,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Catalyst Capital Advisors LLC bought a new stake in LKQ in the third quarter valued at $25,000. Rothschild Investment LLC bought a new stake in LKQ in the second quarter valued at $33,000. Allworth Financial LP grew its position in 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 grew 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 valued at $46,000 after acquiring an additional 289 shares during the period. Finally, Banque Cantonale Vaudoise grew its position in LKQ by 29.8% in 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.

LKQ Trading Up 3.3 %

Shares of LKQ opened at $39.76 on Tuesday. The company has a quick ratio of 0.67, a current ratio of 1.72 and a debt-to-equity ratio of 0.69. LKQ Co. has a 12-month low of $35.57 and a 12-month high of $53.68. The firm has a market capitalization of $10.34 billion, a PE ratio of 14.84 and a beta of 1.29. The stock’s fifty day simple moving average is $38.75 and its 200-day simple moving average is $40.77.

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, beating the consensus estimate of $0.87 by $0.01. LKQ had a return on equity of 15.15% and a net margin of 4.90%. The business had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same quarter in the prior year, the firm posted $0.86 earnings per share. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. As a group, research analysts predict that LKQ Co. will post 3.43 earnings per share for the current year.

LKQ Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.02%. The ex-dividend date is Thursday, November 14th. LKQ’s dividend payout ratio (DPR) is presently 44.78%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on LKQ shares. Stifel Nicolaus lowered 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 reissued a “buy” rating and issued a $59.00 price objective on shares of LKQ in a research note on Thursday, September 12th. StockNews.com raised LKQ from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Barrington Research reissued an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. boosted their price objective on LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a research note on Thursday, September 12th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $53.80.

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.