Invesco Ltd. Lowers Position in LKQ Corporation $LKQ

Invesco Ltd. lowered its position in LKQ Corporation (NASDAQ:LKQ - Free Report) by 13.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,797,186 shares of the auto parts company's stock after selling 773,950 shares during the quarter. Invesco Ltd. owned about 1.86% of LKQ worth $204,072,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in LKQ. Banque Cantonale Vaudoise bought a new position in shares of LKQ during the 1st quarter valued at about $40,000. UMB Bank n.a. increased its position in shares of LKQ by 104.8% during the 1st quarter. UMB Bank n.a. now owns 977 shares of the auto parts company's stock valued at $42,000 after purchasing an additional 500 shares during the last quarter. Horizon Financial Services LLC bought a new position in shares of LKQ during the 1st quarter valued at about $42,000. Bruce G. Allen Investments LLC increased its position in shares of 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 valued at $48,000 after purchasing an additional 851 shares during the last quarter. Finally, Whittier Trust Co. increased its position in shares of LKQ by 70.9% during the 1st quarter. Whittier Trust Co. now owns 1,707 shares of the auto parts company's stock valued at $73,000 after purchasing an additional 708 shares during the last quarter. Institutional investors own 95.63% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on LKQ shares. Wall Street Zen lowered shares of LKQ from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Barrington Research restated an "outperform" rating and set a $60.00 price target on shares of LKQ in a research report on Tuesday, July 22nd. Finally, Robert W. Baird reduced their price target on LKQ from $48.00 to $42.00 and set an "outperform" rating on the stock in a research report on Friday, July 25th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $51.40.

LKQ Trading Down 0.4%

NASDAQ LKQ traded down $0.11 on Monday, hitting $30.86. The company's stock had a trading volume of 1,222,852 shares, compared to its average volume of 2,586,382. LKQ Corporation has a 52-week low of $28.92 and a 52-week high of $44.82. The company has a current ratio of 1.81, a quick ratio of 0.69 and a debt-to-equity ratio of 0.19. The company's 50-day simple moving average is $35.42 and its 200 day simple moving average is $38.75. The firm has a market cap of $7.94 billion, a P/E ratio of 11.30 and a beta of 0.92.

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

LKQ Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Thursday, August 14th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Thursday, August 14th. LKQ's dividend payout ratio is presently 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.