LKQ Co. (NASDAQ:LKQ) Receives Average Recommendation of “Buy” from Analysts

Shares of LKQ Co. (NASDAQ:LKQ) have been assigned a consensus rating of “Buy” from the five analysts that are currently covering the company, Marketbeat reports. Five analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $53.80.

A number of research analysts recently commented on the stock. Stifel Nicolaus dropped their target price on shares of LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Robert W. Baird cut their target price on LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. StockNews.com raised LKQ from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. JPMorgan Chase & Co. boosted their price objective on LKQ from $54.00 to $55.00 and gave the company an “overweight” rating in a research note on Thursday, September 12th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $59.00 target price on shares of LKQ in a report on Thursday, September 12th.

LKQ Trading Up 0.4 %

NASDAQ LKQ opened at $39.42 on Wednesday. The stock has a market capitalization of $10.25 billion, a PE ratio of 14.71 and a beta of 1.29. The firm has a 50 day moving average of $38.59 and a two-hundred day moving average of $40.52. The company has a quick ratio of 0.67, a current ratio of 1.72 and a debt-to-equity ratio of 0.69. LKQ has a 52 week low of $35.57 and a 52 week high of $53.68.

LKQ (NASDAQ:LKQ) last released its quarterly earnings data on Thursday, October 24th. The auto parts company reported $0.88 earnings per share (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 analysts’ expectations of $3.65 billion. LKQ had a return on equity of 15.15% and a net margin of 4.90%. The business’s quarterly revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.86 EPS. As a group, research analysts expect that LKQ will post 3.43 EPS for the current fiscal year.

LKQ Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were paid a dividend of $0.30 per share. The ex-dividend date was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.04%. LKQ’s dividend payout ratio (DPR) is 44.78%.

Institutional Investors Weigh In On LKQ

A number of hedge funds have recently added to or reduced their stakes in LKQ. Catalyst Capital Advisors LLC acquired a new stake in shares of LKQ during the 3rd quarter valued at approximately $25,000. Rothschild Investment LLC purchased a new stake in LKQ during the second quarter worth $33,000. Allworth Financial LP grew its holdings in 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 purchasing an additional 490 shares during the last quarter. Bruce G. Allen Investments LLC raised its stake in shares of 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 worth $46,000 after buying an additional 289 shares during the last quarter. Finally, Banque Cantonale Vaudoise boosted its position in shares of LKQ by 29.8% in the 2nd 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 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.