LKQ (NASDAQ:LKQ) Stock Price Down 1.6% – Here’s What Happened

Shares of LKQ Co. (NASDAQ:LKQ) dropped 1.6% on Tuesday . The company traded as low as $38.98 and last traded at $39.13. Approximately 268,315 shares were traded during trading, a decline of 86% from the average daily volume of 1,937,533 shares. The stock had previously closed at $39.76.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Barrington Research restated an “outperform” rating and issued a $60.00 target price on shares of LKQ in a report on Friday, October 25th. Roth Mkm reissued a “buy” rating and issued a $59.00 price objective on shares of LKQ in a research report on Thursday, September 12th. Stifel Nicolaus decreased their price target on shares of LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Robert W. Baird lowered their price objective on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Finally, StockNews.com raised shares of LKQ from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $53.80.

LKQ Stock Down 2.2 %

The company has a 50-day moving average of $38.74 and a 200-day moving average of $40.74. 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 company has a market capitalization of $10.11 billion, a price-to-earnings ratio of 14.60 and a beta of 1.29.

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

LKQ Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.08%. The ex-dividend date is Thursday, November 14th. LKQ’s payout ratio is 44.78%.

Institutional Investors Weigh In On LKQ

A number of institutional investors have recently modified their holdings of LKQ. Catalyst Capital Advisors LLC purchased a new stake in shares of LKQ during the third quarter worth approximately $25,000. Rothschild Investment LLC purchased a new stake in shares of LKQ during the second quarter worth $33,000. Allworth Financial LP raised its position in shares of LKQ by 94.2% in the third 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 during the last quarter. Bruce G. Allen Investments LLC lifted its stake in shares of LKQ by 33.5% in the third 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 in the last quarter. Finally, Banque Cantonale Vaudoise boosted 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 acquiring an additional 278 shares during the last quarter. 95.63% of the stock is currently owned by institutional investors and hedge funds.

About LKQ

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.