LKQ (NASDAQ:LKQ) Trading Up 0.1% – What’s Next?

LKQ Co. (NASDAQ:LKQ) was up 0.1% during mid-day trading on Wednesday . The stock traded as high as $39.55 and last traded at $39.46. Approximately 233,144 shares traded hands during trading, a decline of 88% from the average daily volume of 1,932,605 shares. The stock had previously closed at $39.42.

Analysts Set New Price Targets

LKQ has been the subject of a number of research reports. Roth Mkm reissued a “buy” rating and issued a $59.00 price target on shares of LKQ in a research note on Thursday, September 12th. Barrington Research restated an “outperform” rating and set a $60.00 target price on shares of LKQ in a research note on Friday, October 25th. Stifel Nicolaus lowered their target price on LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a report 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 on the stock 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 research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, LKQ presently has an average rating of “Buy” and an average price target of $53.80.

LKQ Stock Performance

The company has a market capitalization of $10.33 billion, a P/E ratio of 14.82 and a beta of 1.29. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.72. The business’s fifty day simple moving average is $38.59 and its 200-day simple moving average is $40.51.

LKQ (NASDAQ:LKQ) last released its earnings results 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 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%. The business’s revenue was up .4% on a year-over-year basis. During the same quarter last year, the business earned $0.86 EPS. As a group, equities analysts anticipate that LKQ Co. will post 3.43 earnings per share for the current fiscal year.

LKQ Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were issued a $0.30 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.02%. LKQ’s payout ratio is currently 44.78%.

Hedge Funds Weigh In On LKQ

A number of large investors have recently bought and sold shares of the business. Banque Cantonale Vaudoise lifted its stake in shares of 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 buying an additional 278 shares during the period. Bruce G. Allen Investments LLC boosted 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 acquiring an additional 289 shares in the last quarter. Private Trust Co. NA increased its stake in shares of LKQ by 31.2% in the 3rd quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company’s stock valued at $50,000 after purchasing an additional 299 shares in the last quarter. Asset Management One Co. Ltd. raised its holdings in LKQ by 0.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 103,156 shares of the auto parts company’s stock worth $4,118,000 after purchasing an additional 306 shares during the period. Finally, Montag A & Associates Inc. raised its position in LKQ by 0.6% during the second quarter. Montag A & Associates Inc. now owns 50,495 shares of the auto parts company’s stock worth $2,100,000 after acquiring an additional 314 shares during the period. Institutional investors own 95.63% of the company’s stock.

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.