M&T Bank Corp Buys 3,973 Shares of LKQ Co. (NASDAQ:LKQ)

M&T Bank Corp raised its stake in LKQ Co. (NASDAQ:LKQ) by 7.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 59,157 shares of the auto parts company’s stock after buying an additional 3,973 shares during the period. M&T Bank Corp’s holdings in LKQ were worth $2,361,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in LKQ. Catalyst Capital Advisors LLC purchased a new stake in LKQ during the third quarter valued at about $25,000. Rothschild Investment LLC bought a new position in shares of LKQ during the 2nd quarter valued at about $33,000. Allworth Financial LP raised its holdings in shares of LKQ by 94.2% during the 3rd quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company’s stock valued at $40,000 after buying an additional 490 shares in the last quarter. Bruce G. Allen Investments LLC lifted its position in LKQ by 33.5% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,151 shares of the auto parts company’s stock worth $46,000 after buying an additional 289 shares during the last quarter. Finally, Banque Cantonale Vaudoise boosted its stake in LKQ by 29.8% in the second quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company’s stock worth $50,000 after buying an additional 278 shares in the last quarter. Hedge funds and other institutional investors own 95.63% of the company’s stock.

LKQ Stock Performance

LKQ stock opened at $37.98 on Friday. The company has a current ratio of 1.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.69. The firm has a market cap of $9.87 billion, a P/E ratio of 14.17 and a beta of 1.29. LKQ Co. has a 1-year low of $35.57 and a 1-year high of $53.68. The firm has a 50-day moving average of $38.47 and a 200-day moving average of $40.30.

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

LKQ Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date was Thursday, November 14th. LKQ’s payout ratio is currently 44.78%.

Wall Street Analysts Forecast Growth

LKQ has been the subject of a number of recent research reports. Stifel Nicolaus lowered their price objective on shares of LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a report on Friday, October 25th. Roth Mkm reissued a “buy” rating and issued a $59.00 price target on shares of LKQ in a research note on Thursday, September 12th. Robert W. Baird reduced their price objective on LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. StockNews.com raised LKQ from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Finally, JPMorgan Chase & Co. raised their price target on LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a research report on Thursday, September 12th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “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.