LKQ (NASDAQ:LKQ) Stock Price Up 0.3% – Here’s What Happened

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on LKQ shares. JPMorgan Chase & Co. lifted their price objective on LKQ from $54.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday, September 12th. Stifel Nicolaus dropped their price objective 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. Barrington Research reiterated an “outperform” rating and set a $60.00 price objective on shares of LKQ in a report on Friday, October 25th. StockNews.com upgraded shares of LKQ from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Finally, Robert W. Baird cut their price target on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $53.80.

LKQ Trading Up 0.3 %

The company has a market capitalization of $10.17 billion, a PE ratio of 14.60 and a beta of 1.29. 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 business’s 50-day simple moving average is $38.67 and its two-hundred day simple moving average is $40.69.

LKQ (NASDAQ:LKQ) last released its quarterly earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.01. The company had revenue of $3.58 billion for 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 revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.86 earnings per share. On average, analysts predict that LKQ Co. will post 3.43 earnings per share for the current year.

LKQ Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend was Thursday, November 14th. LKQ’s dividend payout ratio is presently 44.78%.

Institutional Trading of LKQ

A number of hedge funds have recently modified their holdings of the business. Banque Cantonale Vaudoise raised 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 valued at $50,000 after buying an additional 278 shares during the period. Bruce G. Allen Investments LLC lifted its position 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 purchasing an additional 289 shares in the last quarter. Private Trust Co. NA boosted its holdings in shares of LKQ by 31.2% during the third quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company’s stock worth $50,000 after purchasing an additional 299 shares during the period. Asset Management One Co. Ltd. grew its position in LKQ by 0.3% during the third quarter. Asset Management One Co. Ltd. now owns 103,156 shares of the auto parts company’s stock valued at $4,118,000 after purchasing an additional 306 shares in the last quarter. Finally, Montag A & Associates Inc. lifted its position in LKQ by 0.6% in the 2nd quarter. Montag A & Associates Inc. now owns 50,495 shares of the auto parts company’s stock worth $2,100,000 after buying an additional 314 shares in the last quarter. Hedge funds and other 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.