GSA Capital Partners LLP Makes New $274,000 Investment in LKQ Co. (NASDAQ:LKQ)

GSA Capital Partners LLP acquired a new stake in shares of LKQ Co. (NASDAQ:LKQ) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 6,870 shares of the auto parts company’s stock, valued at approximately $274,000.

A number of other hedge funds also recently made changes to their positions in LKQ. Catalyst Capital Advisors LLC bought a new position in shares of LKQ during the third quarter valued at about $25,000. Rothschild Investment LLC purchased a new stake in LKQ in the 2nd quarter worth approximately $33,000. Allworth Financial LP grew its position in shares of LKQ by 94.2% in 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 raised its holdings 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 in the last quarter. Finally, Banque Cantonale Vaudoise lifted its stake in LKQ by 29.8% in the second quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company’s stock worth $50,000 after acquiring an additional 278 shares during the period. 95.63% of the stock is owned by institutional investors.

LKQ Price Performance

LKQ stock opened at $38.50 on Friday. The company has a fifty day simple moving average of $38.75 and a two-hundred day simple moving average of $40.82. LKQ Co. has a 52 week low of $35.57 and a 52 week high of $53.68. The company has a quick ratio of 0.67, a current ratio of 1.72 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $10.01 billion, a P/E ratio of 14.37 and a beta of 1.29.

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 analysts’ consensus estimates of $0.87 by $0.01. The company had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.65 billion. LKQ had a return on equity of 15.15% and a net margin of 4.90%. LKQ’s revenue was up .4% on a year-over-year basis. During the same period last year, the company earned $0.86 earnings per share. Analysts anticipate that LKQ Co. will post 3.43 earnings per share for the current fiscal year.

LKQ Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date is Thursday, November 14th. LKQ’s dividend payout ratio (DPR) is presently 44.78%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Robert W. Baird decreased their price objective on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Stifel Nicolaus reduced their target price on LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Barrington Research restated an “outperform” rating and issued a $60.00 target price on shares of LKQ in a research note on Friday, October 25th. StockNews.com raised LKQ from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Finally, JPMorgan Chase & Co. raised their price objective on LKQ from $54.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday, September 12th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $53.80.

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.