LKQ (NASDAQ:LKQ) Stock Price Up 1.3% – What’s Next?

LKQ Co. (NASDAQ:LKQ)’s stock price was up 1.3% on Friday . The stock traded as high as $38.48 and last traded at $38.37. Approximately 125,131 shares changed hands during trading, a decline of 94% from the average daily volume of 1,929,290 shares. The stock had previously closed at $37.88.

Wall Street Analysts Forecast Growth

LKQ has been the subject of a number of research reports. StockNews.com upgraded shares of LKQ from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Barrington Research reiterated an “outperform” rating and set a $60.00 price target on shares of LKQ in a report on Friday, October 25th. Roth Mkm restated a “buy” rating and issued a $59.00 price objective on shares of LKQ in a report on Thursday, September 12th. Stifel Nicolaus lowered their target price on LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. upped 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. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $53.80.

LKQ Stock Performance

The company’s 50-day moving average price is $38.75 and its two-hundred day moving average price is $40.82. The company has a market capitalization of $10.01 billion, a price-to-earnings ratio of 14.37 and a beta of 1.29. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.72 and a quick ratio of 0.67.

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

LKQ Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.12%. The ex-dividend date of this dividend is Thursday, November 14th. LKQ’s dividend payout ratio (DPR) is presently 44.78%.

Institutional Trading of LKQ

Several large investors have recently modified their holdings of the stock. Bessemer Group Inc. boosted its stake in LKQ by 46.9% during the first quarter. Bessemer Group Inc. now owns 2,678 shares of the auto parts company’s stock worth $143,000 after acquiring an additional 855 shares in the last quarter. Earnest Partners LLC boosted its position in shares of LKQ by 4.9% during the 1st quarter. Earnest Partners LLC now owns 1,003,258 shares of the auto parts company’s stock worth $53,584,000 after purchasing an additional 47,122 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of LKQ by 869.1% in the 1st quarter. Janus Henderson Group PLC now owns 454,010 shares of the auto parts company’s stock valued at $24,248,000 after buying an additional 407,162 shares during the period. Dynasty Wealth Management LLC bought a new stake in LKQ in the 1st quarter valued at about $346,000. Finally, California State Teachers Retirement System raised its stake in LKQ by 1.2% during the 1st quarter. California State Teachers Retirement System now owns 437,221 shares of the auto parts company’s stock worth $23,352,000 after buying an additional 5,030 shares during the period. 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.