Janney Montgomery Scott LLC Has $802,000 Stock Position in LKQ Co. (NASDAQ:LKQ)

Janney Montgomery Scott LLC lowered its stake in LKQ Co. (NASDAQ:LKQ) by 8.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 20,094 shares of the auto parts company’s stock after selling 1,901 shares during the quarter. Janney Montgomery Scott LLC’s holdings in LKQ were worth $802,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Millennium Management LLC lifted its holdings in LKQ by 552.8% during the second quarter. Millennium Management LLC now owns 1,236,158 shares of the auto parts company’s stock worth $51,412,000 after acquiring an additional 1,046,805 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of LKQ by 7.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 11,944,496 shares of the auto parts company’s stock valued at $496,772,000 after purchasing an additional 875,420 shares in the last quarter. Cooke & Bieler LP grew its position in shares of LKQ by 39.8% in the 2nd quarter. Cooke & Bieler LP now owns 3,067,772 shares of the auto parts company’s stock valued at $127,589,000 after purchasing an additional 873,665 shares during the period. Boston Partners increased its stake in LKQ by 9.5% during the 1st quarter. Boston Partners now owns 8,220,571 shares of the auto parts company’s stock worth $438,108,000 after purchasing an additional 712,698 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in LKQ by 230.3% during the 2nd quarter. Principal Financial Group Inc. now owns 1,011,132 shares of the auto parts company’s stock worth $42,053,000 after buying an additional 705,040 shares during the period. Institutional investors and hedge funds own 95.63% of the company’s stock.

LKQ Price Performance

NASDAQ:LKQ opened at $38.20 on Monday. LKQ Co. has a 52-week low of $35.57 and a 52-week high of $53.68. The company has a market cap of $9.93 billion, a P/E ratio of 14.25 and a beta of 1.29. 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’s 50-day simple moving average is $38.94 and its 200 day simple moving average is $40.99.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share for the quarter, topping 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 firm had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same quarter in the previous year, the firm earned $0.86 EPS. The business’s quarterly revenue was up .4% on a year-over-year basis. As a group, sell-side analysts forecast that LKQ Co. will post 3.43 EPS for the current fiscal year.

LKQ Announces Dividend

The company also recently declared 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 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend is Thursday, November 14th. LKQ’s dividend payout ratio (DPR) is currently 44.78%.

Analyst Ratings Changes

Several research firms have recently weighed in on LKQ. StockNews.com cut shares of LKQ from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Roth Mkm reaffirmed a “buy” rating and issued a $59.00 target price on shares of LKQ in a research note on Thursday, September 12th. Stifel Nicolaus dropped their price target on LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Barrington Research reaffirmed an “outperform” rating and set a $60.00 price objective on shares of LKQ in a research report on Friday, October 25th. Finally, Robert W. Baird decreased their price objective on LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Friday, October 25th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.