LKQ (NASDAQ:LKQ) Trading 0.3% Higher – Should You Buy?

LKQ Co. (NASDAQ:LKQ)’s stock price traded up 0.3% during trading on Thursday . The company traded as high as $39.58 and last traded at $39.13. 1,424,108 shares traded hands during mid-day trading, a decline of 27% from the average session volume of 1,941,453 shares. The stock had previously closed at $39.00.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on LKQ. Robert W. Baird decreased their price objective on shares of 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. raised their price target on LKQ from $54.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday, September 12th. StockNews.com raised LKQ from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Roth Mkm reaffirmed a “buy” rating and issued a $59.00 target price on shares of LKQ in a report on Thursday, September 12th. Finally, Stifel Nicolaus cut their price target on LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a report on Friday, October 25th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $53.80.

LKQ Trading Up 0.3 %

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 firm has a market capitalization of $10.17 billion, a price-to-earnings ratio of 14.60 and a beta of 1.29. The business has a 50-day moving average of $38.67 and a two-hundred day moving average of $40.69.

LKQ (NASDAQ:LKQ) last announced 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. The company had revenue of $3.58 billion for 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%. LKQ’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.86 EPS. Research analysts predict that LKQ Co. will post 3.43 EPS for the current fiscal 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 issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date was Thursday, November 14th. LKQ’s payout ratio is 44.78%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Franklin Resources Inc. raised its position in LKQ by 9.2% in the 3rd quarter. Franklin Resources Inc. now owns 519,232 shares of the auto parts company’s stock valued at $20,401,000 after purchasing an additional 43,541 shares during the last quarter. Synovus Financial Corp increased its stake in shares of LKQ by 11.6% in the third quarter. Synovus Financial Corp now owns 15,235 shares of the auto parts company’s stock valued at $608,000 after buying an additional 1,588 shares in the last quarter. Tidal Investments LLC raised its holdings in shares of LKQ by 3.0% in the third quarter. Tidal Investments LLC now owns 32,995 shares of the auto parts company’s stock valued at $1,317,000 after buying an additional 947 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in LKQ during the 3rd quarter worth about $81,000. Finally, Sanctuary Advisors LLC increased its position in LKQ by 22.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 33,725 shares of the auto parts company’s stock valued at $1,298,000 after acquiring an additional 6,143 shares in the last quarter. Institutional investors own 95.63% of the company’s stock.

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.