LKQ (NASDAQ:LKQ) PT Raised to $55.00

LKQ (NASDAQ:LKQ) had its price objective upped by JPMorgan Chase & Co. from $54.00 to $55.00 in a research note published on Thursday morning, Benzinga reports. They currently have an overweight rating on the auto parts company’s stock.

A number of other brokerages have also recently commented on LKQ. Roth Mkm reiterated a buy rating and issued a $65.00 target price on shares of LKQ in a report on Thursday, July 25th. Robert W. Baird dropped their target price on LKQ from $54.00 to $50.00 and set an outperform rating for the company in a report on Friday, July 26th. StockNews.com upgraded LKQ from a hold rating to a buy rating in a report on Monday, September 9th. Finally, Barrington Research reiterated an outperform rating and issued a $60.00 target price on shares of LKQ in a report on Thursday, July 25th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, LKQ presently has a consensus rating of Buy and a consensus price target of $58.00.

LKQ Stock Performance

NASDAQ:LKQ opened at $41.04 on Thursday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.75 and a quick ratio of 0.70. LKQ has a 1 year low of $35.57 and a 1 year high of $53.68. The stock’s 50 day simple moving average is $41.39 and its two-hundred day simple moving average is $44.60. The company has a market cap of $10.80 billion, a price-to-earnings ratio of 13.32 and a beta of 1.29.

LKQ (NASDAQ:LKQ) last announced its earnings results on Thursday, July 25th. The auto parts company reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.05). The company had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.87 billion. LKQ had a return on equity of 15.33% and a net margin of 5.03%. LKQ’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.09 EPS. As a group, equities analysts anticipate that LKQ will post 3.6 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend was Thursday, August 15th. LKQ’s payout ratio is currently 38.96%.

Insider Buying and Selling at LKQ

In other news, SVP Matthew J. Mckay bought 2,500 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was acquired at an average cost of $39.75 per share, with a total value of $99,375.00. Following the transaction, the senior vice president now directly owns 94,670 shares in the company, valued at approximately $3,763,132.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Matthew J. Mckay purchased 2,500 shares of LKQ stock in a transaction dated Monday, July 29th. The stock was purchased at an average cost of $39.75 per share, with a total value of $99,375.00. Following the transaction, the senior vice president now owns 94,670 shares in the company, valued at approximately $3,763,132.50. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Andrew C. Clarke purchased 7,600 shares of LKQ stock in a transaction dated Friday, July 26th. The stock was bought at an average cost of $39.70 per share, with a total value of $301,720.00. Following the completion of the transaction, the director now owns 10,519 shares in the company, valued at approximately $417,604.30. The disclosure for this purchase can be found here. Insiders bought a total of 12,600 shares of company stock valued at $500,870 in the last ninety days. Corporate insiders own 0.55% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Sanctuary Advisors LLC acquired a new position in LKQ during the 2nd quarter valued at about $1,204,000. Clearbridge Investments LLC increased its position in LKQ by 31.5% during the 2nd quarter. Clearbridge Investments LLC now owns 653,739 shares of the auto parts company’s stock valued at $27,189,000 after buying an additional 156,430 shares in the last quarter. Delphi Management Inc. MA increased its position in LKQ by 3.1% during the 2nd quarter. Delphi Management Inc. MA now owns 31,500 shares of the auto parts company’s stock valued at $1,310,000 after buying an additional 957 shares in the last quarter. 3Chopt Investment Partners LLC acquired a new position in LKQ during the 2nd quarter valued at about $282,000. Finally, Quarry LP increased its position in LKQ by 849.1% during the 2nd quarter. Quarry LP now owns 2,145 shares of the auto parts company’s stock valued at $89,000 after buying an additional 1,919 shares in the last quarter. 95.63% of the stock is owned by institutional investors.

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.