Equitable Trust Company increased the percentage of LKQ Co. (NASDAQ: LKQ) shares that it owned by 3.7% during the third quarter, as stated in the most recent filing that the company made with the Securities and Exchange Commission. The institutional investor’s portfolio currently consists of 161,595 shares of the auto components company after the investor made an additional purchase of 5,839 shares during this period. Equitable Trust Company owned approximately 0.06% of LKQ at the end of the most recent reporting period. LKQ had a market value of $7,619,000 at the time.
LKQ shares have been bought and sold by several other hedge funds and institutional investors in addition to those already mentioned. Goldman Sachs Group Inc. increased the amount of LKQ shares it owned by 84.1% during the year’s first quarter. Goldman Sachs Group Inc. now has 6,172,143 shares of the auto parts company’s stock, valued at a combined total of $280,277,000, after purchasing an additional 2,819,542 shares during the most recent quarter. This brings the company’s total number of shares to 6,172,143. The Massachusetts Financial Services Company, MA, increased the percentage of LKQ shares it owned by 8.2% during the second quarter. The Massachusetts Financial Services Co., MA, now has a total of 14,508,584 shares of the stock of the auto parts company. These shares have a market value of $712,227,000 and were acquired by the company during the preceding quarter by purchasing an additional 1,099,881 shares. During the first three months of 2018, Lazard Asset Management LLC acquired an additional 15.7% of LKQ stock, which resulted in the company’s ownership percentage growing by that amount. Lazard Asset Management LLC now owns 6,749,817 shares of the auto parts company’s stock, which are currently valued at $306,509,000 following the acquisition of an additional 914,423 shares during the most recent quarter. Lazard Asset Management LLC’s holdings increased by $306,509,000. Foundry Partners LLC made a new investment in LKQ during the second quarter of the fiscal year. The value of this investment was approximately $18,374,000. And finally, during the first three months of this year, Invesco Ltd. increased its holdings of LKQ by 10.3% by adding more shares to its portfolio.
Invesco Ltd. now owns 3,891,981 shares of the auto parts company’s stock, which has a value of $176,735,000 after purchasing an additional 364,668 shares of the company’s stock during the most recent quarter. This brings the total number of shares that Invesco Ltd has. The LKQ stock has been the subject of a significant amount of research conducted by analysts, and institutional investors and hedge funds currently hold 93.55% of the company’s shares. Guggenheim revealed in a research note released on November 1 that they would be reducing their target price for LKQ to $68 to align with the current market price. In a research note published by StockNews.com on October 24, the rating for LKQ was changed from a “strong-buy” recommendation to a “buy” rating. This change occurred after the previous rating had been “buy.” Raymond James upgraded its rating of LKQ from “market perform” to “outperform” in a research note published on Friday, January 13.
On Thursday at midday, the price of NASDAQ: LKQ was $0.91 lower than it was at the beginning of trading, reaching $55.23. There were 4,074 transactions involving the company’s stock, significantly lower than the daily volume of 1,712,190 shares the company trades. The stock currently has a simple moving average of $54.46 over the past 50 days, and its simple moving average over the past 200 days is $52.92, respectively. The debt-to-equity ratio is calculated to be 0.45; the current ratio is calculated to be 1.79; the quick ratio is calculated to be 0.67, and so on. The price of LKQ Company stock ranged from $42.36 to $58.85 over the previous 52 weeks, with an average price of $42.36. The company’s market capitalization is currently sitting at $14.76 billion, its price-to-earnings ratio stands at 13.37, and its beta stands at 1.35.
On Thursday, October 27, the most recent earnings report for LKQ (NASDAQ: LKQ) was made available to the public. The auto parts manufacturer reported earnings per share for the quarter of $0.97, which was $0.02 higher than the consensus estimate of $0.95. The percentages that LKQ came in at for their net margin and return on equity were 9.18% and 19.83%, respectively. The revenue for the quarter came in at $3.10 billion, which is substantially lower than the prediction of $3.20 billion that was made on average. Compared to the same quarter’s results in the prior year, the company reported a profit per share of $0.02 in the most recent quarter. The company’s revenue experienced a drop of 6.1% when measured against the numbers for the same quarter from the previous year. According to projections made by financial market analysts, LKQ Company is expected to produce earnings of 3.9 cents per share in 2018.
Additionally, the business just recently announced and disbursed a quarterly dividend, which was paid out on December 1. This transaction took place very recently. The dividend payment of $0.275 was made to shareholders who recorded holders as of the previous business day, November 17. The ex-dividend date for this dividend was on November 16 (a Wednesday), and the dividend itself took place on that day. This equates to an annual dividend payment of $1.10 and a dividend yield of 1.99% when calculated annually. This represents an increase from the previous quarterly dividend payment of $0.25 made by LKQ. LKQ is now making a total payment of $0.50 per quarter. It has been determined that LKQ has a payout percentage of 26.19%.
The sale of 6,500,000 shares of the company’s stock took place on October 31 and was handled by Director Holdings L.P. Value. In the realm of business