Wealth Enhancement Advisory Services LLC Decreases Stock Holdings in LKQ Co. (NASDAQ:LKQ)

Wealth Enhancement Advisory Services LLC trimmed its position in shares of LKQ Co. (NASDAQ:LKQ) by 20.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,206 shares of the auto parts company’s stock after selling 2,318 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in LKQ were worth $367,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Bleakley Financial Group LLC raised its position in shares of LKQ by 5.3% in the 1st quarter. Bleakley Financial Group LLC now owns 4,572 shares of the auto parts company’s stock valued at $244,000 after purchasing an additional 229 shares during the last quarter. Motley Fool Asset Management LLC raised its position in shares of LKQ by 4.6% in the 1st quarter. Motley Fool Asset Management LLC now owns 5,249 shares of the auto parts company’s stock valued at $280,000 after purchasing an additional 233 shares during the last quarter. Banque Cantonale Vaudoise raised its position 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 purchasing an additional 278 shares during the last quarter. Bruce G. Allen Investments LLC raised its position in shares of LKQ by 33.5% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,151 shares of the auto parts company’s stock valued at $46,000 after purchasing an additional 289 shares during the last quarter. Finally, Montag A & Associates Inc. raised its position in shares of LKQ by 0.6% in the 2nd quarter. Montag A & Associates Inc. now owns 50,495 shares of the auto parts company’s stock valued at $2,100,000 after purchasing an additional 314 shares during the last quarter. 95.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on LKQ shares. Robert W. Baird reduced their price target on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. StockNews.com lowered shares of LKQ from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Barrington Research reissued an “outperform” rating and set a $60.00 price target on shares of LKQ in a research report on Friday, October 25th. Stifel Nicolaus reduced their price target on shares of LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. raised their price target on shares of LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a research report on Thursday, September 12th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.80.

LKQ Price Performance

Shares of NASDAQ LKQ opened at $38.37 on Friday. The stock has a market capitalization of $9.97 billion, a price-to-earnings ratio of 14.32 and a beta of 1.29. LKQ Co. has a 12 month low of $35.57 and a 12 month high of $53.68. The firm’s 50 day simple moving average is $39.17 and its 200-day simple moving average is $41.17. 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 (NASDAQ:LKQ) last issued its quarterly earnings data on Thursday, October 24th. The auto parts company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.01. The business had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.65 billion. LKQ had a net margin of 4.90% and a return on equity of 15.15%. The business’s revenue was up .4% on a year-over-year basis. During the same quarter last year, the company earned $0.86 EPS. Analysts expect that LKQ Co. will post 3.43 EPS for the current year.

LKQ Announces Dividend

The business 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 of this dividend is Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 3.13%. LKQ’s dividend payout ratio is currently 44.78%.

About LKQ

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.