Shares of LKQ Co. (NASDAQ:LKQ – Get Free Report) have received a consensus rating of “Buy” from the five brokerages that are covering the stock, MarketBeat reports. Five research analysts have rated the stock with a buy rating. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $53.80.
A number of research analysts recently issued reports on the stock. StockNews.com upgraded shares of LKQ from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Roth Mkm reiterated a “buy” rating and set a $59.00 target price on shares of LKQ in a research note on Thursday, September 12th. Robert W. Baird decreased their price target on LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Friday, October 25th. JPMorgan Chase & Co. upped 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. Finally, Barrington Research restated an “outperform” rating and set a $60.00 target price on shares of LKQ in a research note on Friday, October 25th.
Read Our Latest Analysis on LKQ
Insider Activity
Institutional Trading of LKQ
Several hedge funds and other institutional investors have recently made changes to their positions in LKQ. Catalyst Capital Advisors LLC purchased a new stake in LKQ during the third quarter worth $25,000. Rothschild Investment LLC acquired a new stake in shares of LKQ in the second quarter valued at approximately $33,000. Allworth Financial LP increased its stake 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 worth $40,000 after purchasing an additional 490 shares in the last quarter. Bruce G. Allen Investments LLC grew its holdings in LKQ by 33.5% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,151 shares of the auto parts company’s stock valued at $46,000 after buying an additional 289 shares during the last quarter. Finally, Banque Cantonale Vaudoise increased its position in LKQ by 29.8% during 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. Institutional investors and hedge funds own 95.63% of the company’s stock.
LKQ Trading Down 1.4 %
NASDAQ LKQ opened at $36.24 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.72. The firm has a market cap of $9.42 billion, a price-to-earnings ratio of 13.52 and a beta of 1.29. The firm has a 50 day simple moving average of $37.93 and a 200-day simple moving average of $39.79. LKQ has a one year low of $35.57 and a one year high of $53.68.
LKQ (NASDAQ:LKQ – Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The auto parts company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.87 by $0.01. The business had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.65 billion. LKQ had a net margin of 4.90% and a return on equity of 15.15%. The company’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.86 earnings per share. Equities research analysts anticipate that LKQ will post 3.43 EPS for the current fiscal year.
LKQ Announces Dividend
The company also recently declared 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 annualized dividend and a yield of 3.31%. The ex-dividend date was Thursday, November 14th. LKQ’s dividend payout ratio (DPR) is 44.78%.
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.
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