LKQ Corporation (NASDAQ:LKQ) Stock Holdings Lifted by Avantax Advisory Services Inc.

Key Points

• Avantax Advisory Services Inc. increased its holdings in LKQ Corporation by 617.5%, acquiring a total of 62,232 shares valued at approximately $2.65 million at the end of the most recent quarter.
• LKQ announced a quarterly dividend of $0.30 per share, with an annualized yield of 3.94%, reflecting a dividend payout ratio of 43.96%.
• Recent analyst ratings show a consensus of Moderate Buy for LKQ, with target prices ranging from $42 to $60, despite a missed earnings expectation of $0.93 per share in its latest report.

Avantax Advisory Services Inc. lifted its holdings in LKQ Corporation (NASDAQ:LKQ - Free Report) by 617.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,232 shares of the auto parts company's stock after acquiring an additional 53,559 shares during the period. Avantax Advisory Services Inc.'s holdings in LKQ were worth $2,647,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. UMB Bank n.a. grew its holdings in LKQ by 104.8% during the 1st quarter. UMB Bank n.a. now owns 977 shares of the auto parts company's stock worth $42,000 after acquiring an additional 500 shares in the last quarter. Horizon Financial Services LLC acquired a new position in LKQ during the 1st quarter worth $42,000. Bruce G. Allen Investments LLC grew its holdings in LKQ by 299.6% during the 1st quarter. Bruce G. Allen Investments LLC now owns 1,135 shares of the auto parts company's stock worth $48,000 after acquiring an additional 851 shares in the last quarter. Whittier Trust Co. grew its holdings in LKQ by 70.9% during the 1st quarter. Whittier Trust Co. now owns 1,707 shares of the auto parts company's stock worth $73,000 after acquiring an additional 708 shares in the last quarter. Finally, Private Trust Co. NA boosted its holdings in shares of LKQ by 30.2% in the 1st quarter. Private Trust Co. NA now owns 1,847 shares of the auto parts company's stock valued at $79,000 after buying an additional 428 shares during the period. Institutional investors and hedge funds own 95.63% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Barrington Research reiterated an "outperform" rating and set a $60.00 price objective on shares of LKQ in a research note on Tuesday, July 22nd. Wall Street Zen downgraded shares of LKQ from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Finally, Robert W. Baird cut their price objective on shares of LKQ from $48.00 to $42.00 and set an "outperform" rating on the stock in a research report on Friday, July 25th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, LKQ currently has a consensus rating of "Moderate Buy" and an average target price of $51.40.

LKQ Price Performance

Shares of LKQ stock traded up $0.17 during midday trading on Friday, reaching $29.64. 3,601,367 shares of the company were exchanged, compared to its average volume of 2,550,974. LKQ Corporation has a 12 month low of $29.02 and a 12 month high of $44.82. The company has a market cap of $7.63 billion, a P/E ratio of 10.86 and a beta of 0.95. The company's 50 day moving average price is $37.60 and its two-hundred day moving average price is $39.37. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.69 and a current ratio of 1.81.

LKQ (NASDAQ:LKQ - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The auto parts company reported $0.87 EPS for the quarter, missing analysts' consensus estimates of $0.93 by ($0.06). LKQ had a return on equity of 13.85% and a net margin of 5.04%. The company had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.62 billion. During the same quarter last year, the firm posted $0.98 earnings per share. The firm's quarterly revenue was down 1.6% compared to the same quarter last year. On average, sell-side analysts expect that LKQ Corporation will post 3.57 earnings per share for the current year.

LKQ Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.20 annualized dividend and a dividend yield of 4.0%. LKQ's payout ratio is currently 43.96%.

LKQ Company 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.