One Way Holdings LLC Buys 481,079 Shares of LKQ Corporation $LKQ

Key Points

• One Way Holdings LLC acquired 481,079 LKQ shares worth approximately $11.0 million, while institutional investors collectively own 95.63% of the company.
• LKQ reported disappointing quarterly results, with EPS of $0.50 versus the $0.58 consensus estimate and revenue down 5.1% year over year to $3.32 billion.
• Analyst sentiment is mixed, with a consensus rating of “Hold” and a $26.07 price target; LKQ also declared a $0.30 quarterly dividend, implying a 6.5% annualized yield.

One Way Holdings LLC purchased a new stake in LKQ Corporation (NASDAQ:LKQ - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 481,079 shares of the auto parts company's stock, valued at approximately $10,983,000. One Way Holdings LLC owned 0.19% of LKQ as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of LKQ. BlackRock Inc. bought a new stake in shares of LKQ during the second quarter valued at approximately $1,015,096,000. Pzena Investment Management LLC acquired a new stake in LKQ during the 2nd quarter valued at $398,696,000. Nykredit A S acquired a new stake in shares of LKQ in the second quarter valued at approximately $84,795,000. Bank of New York Mellon Corp acquired a new stake in LKQ in the second quarter worth about $76,343,000. Finally, Bank of America Corp DE bought a new stake in shares of LKQ during the 2nd quarter valued at $58,221,000. 95.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

LKQ has been the subject of several research analyst reports. Barrington Research cut shares of LKQ from an "outperform" rating to a "market perform" rating in a report on Friday, October 23rd. Roth Capital downgraded LKQ from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $35.00 to $18.00 in a research report on Monday, October 26th. Zacks Research cut shares of LKQ from a "hold" rating to a "strong sell" rating in a research note on Monday, August 3rd. Raymond James Financial set a $30.00 price objective on LKQ in a report on Friday, July 31st. Finally, Jefferies Financial Group reissued a "buy" rating and set a $30.00 target price on shares of LKQ in a research report on Friday, October 23rd. Five investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $26.07.

LKQ Stock Performance

LKQ stock opened at $18.56 on Monday. The business has a 50 day moving average of $22.76 and a 200-day moving average of $27.22. The company has a quick ratio of 0.67, a current ratio of 1.75 and a debt-to-equity ratio of 0.58. LKQ Corporation has a 12-month low of $16.85 and a 12-month high of $37.13. The firm has a market cap of $4.68 billion, a PE ratio of 18.56 and a beta of 0.87.

LKQ (NASDAQ:LKQ - Get Free Report) last posted its quarterly earnings results on Thursday, October 29th. The auto parts company reported $0.50 EPS for the quarter, missing analysts' consensus estimates of $0.58 by ($0.08). LKQ had a return on equity of 9.57% and a net margin of 1.89%. The company had revenue of $3.32 billion during the quarter, compared to the consensus estimate of $3.36 billion. During the same period last year, the firm posted $0.84 EPS. The company's revenue for the quarter was down 5.1% compared to the same quarter last year. As a group, sell-side analysts expect that LKQ Corporation will post 2.26 earnings per share for the current year.

LKQ Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Thursday, November 19th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 6.5%. The ex-dividend date is Thursday, November 19th. LKQ's dividend payout ratio (DPR) is presently 120.00%.

LKQ Company Profile

LKQ Corporation is a global distributor of automotive parts and accessories. The company supplies replacement parts, components and equipment to professional repair shops, collision-repair businesses, insurers, dealerships and other commercial customers. Its product offerings include recycled original-equipment parts, aftermarket parts, specialty vehicle products, tools and equipment.

LKQ's operations include the procurement, dismantling and distribution of salvaged vehicles, allowing it to provide recycled engines, transmissions, body panels and other components.

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