Check Capital Management Inc. CA Raises Stake in LKQ Co. (NASDAQ:LKQ)

Check Capital Management Inc. CA grew its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 0.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,618,860 shares of the auto parts company’s stock after purchasing an additional 12,833 shares during the period. LKQ makes up 2.0% of Check Capital Management Inc. CA’s portfolio, making the stock its 6th biggest holding. Check Capital Management Inc. CA’s holdings in LKQ were worth $64,625,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Envestnet Portfolio Solutions Inc. boosted its position in LKQ by 24.7% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 14,687 shares of the auto parts company’s stock worth $784,000 after acquiring an additional 2,912 shares during the period. Empowered Funds LLC increased its holdings in LKQ by 15.1% in the first quarter. Empowered Funds LLC now owns 18,210 shares of the auto parts company’s stock worth $973,000 after buying an additional 2,385 shares during the last quarter. Bleakley Financial Group LLC raised its position in LKQ by 5.3% during the first quarter. Bleakley Financial Group LLC now owns 4,572 shares of the auto parts company’s stock valued at $244,000 after acquiring an additional 229 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its stake in LKQ by 3.9% in the first quarter. State Board of Administration of Florida Retirement System now owns 351,538 shares of the auto parts company’s stock valued at $19,953,000 after acquiring an additional 13,318 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in LKQ by 24.5% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 332,305 shares of the auto parts company’s stock worth $17,748,000 after acquiring an additional 65,443 shares in the last quarter. Institutional investors and hedge funds own 95.63% of the company’s stock.

LKQ Stock Up 0.7 %

Shares of NASDAQ LKQ opened at $38.69 on Friday. The company has a quick ratio of 0.67, a current ratio of 1.72 and a debt-to-equity ratio of 0.69. The company has a market cap of $10.06 billion, a price-to-earnings ratio of 14.44 and a beta of 1.29. LKQ Co. has a 12-month low of $35.57 and a 12-month high of $53.68. The firm’s 50-day simple moving average is $38.97 and its 200 day simple moving average is $41.06.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings data on Thursday, October 24th. The auto parts company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.01. The firm had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.65 billion. LKQ had a return on equity of 15.15% and a net margin of 4.90%. The company’s revenue was up .4% on a year-over-year basis. During the same period last year, the company earned $0.86 earnings per share. On average, research analysts expect that LKQ Co. will post 3.43 earnings per share for the current fiscal year.

LKQ Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be paid a $0.30 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 3.10%. LKQ’s payout ratio is presently 44.78%.

Analysts Set New Price Targets

Several equities analysts have weighed in on LKQ shares. Stifel Nicolaus cut their target price on LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Barrington Research reissued an “outperform” rating and set a $60.00 target price on shares of LKQ in a research report on Friday, October 25th. JPMorgan Chase & Co. boosted their price objective on LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a research report on Thursday, September 12th. Roth Mkm reaffirmed a “buy” rating and issued a $59.00 price target on shares of LKQ in a research report on Thursday, September 12th. Finally, StockNews.com downgraded shares of LKQ from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $53.80.

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.