LKQ (NASDAQ:LKQ) PT Raised to $55.00

LKQ (NASDAQ:LKQ) had its price objective upped by JPMorgan Chase & Co. from $54.00 to $55.00 in a report published on Thursday morning, Benzinga reports. They currently have an overweight rating on the auto parts company’s stock.

LKQ has been the subject of a number of other research reports. Roth Mkm reissued a buy rating and set a $65.00 target price on shares of LKQ in a report on Thursday, July 25th. StockNews.com raised LKQ from a hold rating to a buy rating in a report on Monday, September 9th. Robert W. Baird cut their price target on LKQ from $54.00 to $50.00 and set an outperform rating for the company in a report on Friday, July 26th. Finally, Barrington Research reaffirmed an outperform rating and issued a $60.00 price target on shares of LKQ in a report on Thursday, July 25th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of Buy and a consensus target price of $58.00.

LKQ Stock Up 3.4 %

Shares of LKQ opened at $41.04 on Thursday. LKQ has a 52 week low of $35.57 and a 52 week high of $53.68. The company has a quick ratio of 0.70, a current ratio of 1.75 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $10.80 billion, a price-to-earnings ratio of 13.32 and a beta of 1.29. The stock’s 50-day moving average price is $41.39 and its 200-day moving average price is $44.60.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings results on Thursday, July 25th. The auto parts company reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.05). The business had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.87 billion. LKQ had a return on equity of 15.33% and a net margin of 5.03%. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.09 EPS. On average, sell-side analysts predict that LKQ will post 3.6 EPS for the current year.

LKQ Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were given a $0.30 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.20 annualized dividend and a yield of 2.92%. LKQ’s payout ratio is 38.96%.

Insider Buying and Selling

In other LKQ news, CEO Justin L. Jude acquired 2,500 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was bought at an average cost of $39.91 per share, for a total transaction of $99,775.00. Following the completion of the transaction, the chief executive officer now owns 207,515 shares of the company’s stock, valued at approximately $8,281,923.65. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Justin L. Jude purchased 2,500 shares of the stock in a transaction dated Friday, July 26th. The stock was acquired at an average cost of $39.91 per share, for a total transaction of $99,775.00. Following the completion of the transaction, the chief executive officer now directly owns 207,515 shares in the company, valued at approximately $8,281,923.65. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Andrew C. Clarke purchased 7,600 shares of the stock in a transaction dated Friday, July 26th. The shares were purchased at an average price of $39.70 per share, with a total value of $301,720.00. Following the completion of the transaction, the director now owns 10,519 shares of the company’s stock, valued at $417,604.30. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 12,600 shares of company stock worth $500,870. Company insiders own 0.55% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of LKQ. Rothschild Investment LLC purchased a new position in LKQ in the second quarter valued at $33,000. Quarry LP boosted its holdings in LKQ by 65.1% in the fourth quarter. Quarry LP now owns 900 shares of the auto parts company’s stock valued at $43,000 after purchasing an additional 355 shares during the period. CVA Family Office LLC boosted its holdings in LKQ by 54.2% in the first quarter. CVA Family Office LLC now owns 825 shares of the auto parts company’s stock valued at $44,000 after purchasing an additional 290 shares during the period. Banque Cantonale Vaudoise boosted its holdings in LKQ by 29.8% in the second quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company’s stock valued at $50,000 after purchasing an additional 278 shares during the period. Finally, Fidelis Capital Partners LLC purchased a new position in LKQ in the first quarter valued at $56,000. 95.63% of the stock is currently owned by hedge funds and other institutional investors.

LKQ Company 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.