Brokerages Set LKQ Co. (NASDAQ:LKQ) Target Price at $52.40

Shares of LKQ Co. (NASDAQ:LKQ) have been assigned a consensus recommendation of “Buy” from the five brokerages that are currently covering the stock, Marketbeat reports. Five analysts have rated the stock with a buy rating. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $52.60.

A number of brokerages recently weighed in on LKQ. StockNews.com cut LKQ from a “buy” rating to a “hold” rating in a research note on Thursday. Barrington Research restated an “outperform” rating and set a $60.00 price objective on shares of LKQ in a research note on Thursday. Finally, JPMorgan Chase & Co. upped their price objective on LKQ from $48.00 to $49.00 and gave the stock an “overweight” rating in a research note on Friday.

Insider Buying and Selling at LKQ

In other LKQ news, Director Dominick P. Zarcone sold 5,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $36.84, for a total transaction of $184,200.00. Following the sale, the director now owns 374,462 shares in the company, valued at approximately $13,795,180.08. The trade was a 1.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders have sold 20,000 shares of company stock worth $781,500. 0.55% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On LKQ

A number of institutional investors and hedge funds have recently modified their holdings of the company. Catalyst Capital Advisors LLC purchased a new position in LKQ during the 3rd quarter worth approximately $25,000. Cromwell Holdings LLC lifted its stake in LKQ by 81.0% during the 4th quarter. Cromwell Holdings LLC now owns 742 shares of the auto parts company’s stock valued at $27,000 after acquiring an additional 332 shares during the period. Allworth Financial LP lifted its stake in LKQ by 94.2% during the 3rd quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company’s stock valued at $40,000 after acquiring an additional 490 shares during the period. Private Trust Co. NA lifted its stake in LKQ by 31.2% during the 3rd quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company’s stock valued at $50,000 after acquiring an additional 299 shares during the period. Finally, Kennebec Savings Bank acquired a new stake in LKQ during the 3rd quarter valued at approximately $57,000. Institutional investors and hedge funds own 95.63% of the company’s stock.

LKQ Price Performance

LKQ opened at $40.49 on Monday. LKQ has a 12-month low of $35.56 and a 12-month high of $53.68. The company has a current ratio of 1.71, a quick ratio of 0.67 and a debt-to-equity ratio of 0.68. The business’s fifty day simple moving average is $37.63 and its 200-day simple moving average is $38.76. The company has a market capitalization of $10.53 billion, a price-to-earnings ratio of 15.45 and a beta of 1.29.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings data on Thursday, February 20th. The auto parts company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.04. The firm had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.42 billion. LKQ had a return on equity of 14.93% and a net margin of 4.81%. On average, equities research analysts anticipate that LKQ will post 3.57 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.96%. The ex-dividend date is Thursday, March 13th. LKQ’s dividend payout ratio is presently 45.80%.

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.