LKQ Corporation (NASDAQ:LKQ) Shares Acquired by National Bank of Canada FI

National Bank of Canada FI increased its stake in LKQ Corporation (NASDAQ:LKQ - Free Report) by 37.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 172,271 shares of the auto parts company's stock after purchasing an additional 47,144 shares during the quarter. National Bank of Canada FI owned 0.07% of LKQ worth $7,328,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LKQ. Raymond James Financial Inc. bought a new stake in LKQ in the 4th quarter valued at $40,363,000. Bessemer Group Inc. increased its holdings in LKQ by 71.3% in the 4th quarter. Bessemer Group Inc. now owns 3,116 shares of the auto parts company's stock valued at $114,000 after acquiring an additional 1,297 shares during the last quarter. Sterling Capital Management LLC increased its holdings in LKQ by 49.8% in the 4th quarter. Sterling Capital Management LLC now owns 16,357 shares of the auto parts company's stock valued at $601,000 after acquiring an additional 5,439 shares during the last quarter. Barclays PLC increased its holdings in LKQ by 8.4% in the 4th quarter. Barclays PLC now owns 534,960 shares of the auto parts company's stock valued at $19,658,000 after acquiring an additional 41,542 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in LKQ in the 4th quarter valued at $1,107,000. Hedge funds and other institutional investors own 95.63% of the company's stock.

Analysts Set New Price Targets

LKQ has been the topic of a number of research reports. Wall Street Zen downgraded shares of LKQ from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Barrington Research reissued an "outperform" rating and issued a $60.00 price objective on shares of LKQ in a research note on Tuesday, July 22nd. Finally, Robert W. Baird dropped their price objective on shares of LKQ from $48.00 to $42.00 and set an "outperform" rating for the company in a research note 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 stock. According to data from MarketBeat, LKQ has an average rating of "Moderate Buy" and an average target price of $51.40.

LKQ Price Performance

Shares of NASDAQ:LKQ traded down $0.59 on Friday, reaching $30.97. The company's stock had a trading volume of 2,746,167 shares, compared to its average volume of 4,081,445. LKQ Corporation has a 52-week low of $28.92 and a 52-week high of $44.82. The company has a market cap of $7.97 billion, a P/E ratio of 11.34 and a beta of 0.92. The company has a 50-day simple moving average of $35.42 and a 200 day simple moving average of $38.75. 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 firm had revenue of $3.64 billion for the quarter, compared to analysts' expectations of $3.62 billion. During the same period in the prior year, the firm posted $0.98 earnings per share. LKQ's revenue for the quarter was down 1.6% on a year-over-year basis. As a group, equities research analysts anticipate that LKQ Corporation will post 3.57 EPS for the current fiscal year.

LKQ Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Thursday, August 14th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Thursday, August 14th. LKQ's payout ratio is 43.96%.

LKQ 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.