LKQ Co. (NASDAQ:LKQ) Receives $53.80 Consensus Price Target from Analysts

LKQ Co. (NASDAQ:LKQ) has been assigned an average rating of “Buy” from the five research firms that are currently covering the company, MarketBeat reports. Five analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $53.80.

LKQ has been the topic of a number of analyst reports. Robert W. Baird dropped 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. Barrington Research reissued an “outperform” rating and set a $60.00 price objective on shares of LKQ in a report on Friday, October 25th. JPMorgan Chase & Co. lifted their target price on LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a research report on Thursday, September 12th. Stifel Nicolaus lowered their price objective on shares of LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $59.00 target price on shares of LKQ in a research report on Thursday, September 12th.

LKQ Stock Performance

NASDAQ:LKQ opened at $36.24 on Friday. The company has a market cap of $9.42 billion, a P/E ratio of 13.52 and a beta of 1.29. The company has a quick ratio of 0.67, a current ratio of 1.72 and a debt-to-equity ratio of 0.69. The firm’s 50 day moving average is $37.93 and its two-hundred day moving average is $39.79. LKQ has a fifty-two week low of $35.57 and a fifty-two week high of $53.68.

LKQ (NASDAQ:LKQ) last released its quarterly earnings data 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. LKQ had a net margin of 4.90% and a return on equity of 15.15%. The company had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same period in the previous year, the firm earned $0.86 earnings per share. LKQ’s revenue for the quarter was up .4% on a year-over-year basis. Analysts expect that LKQ will post 3.43 EPS for the current year.

LKQ Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.31%. LKQ’s payout ratio is 44.78%.

Insider Activity at LKQ

In related news, Director Dominick P. Zarcone sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $36.84, for a total transaction of $184,200.00. Following the transaction, the director now owns 374,462 shares in the company, valued at $13,795,180.08. This trade represents a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.55% of the company’s stock.

Hedge Funds Weigh In On LKQ

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA lifted its holdings in LKQ by 0.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 11,977,708 shares of the auto parts company’s stock valued at $478,150,000 after acquiring an additional 33,212 shares during the last quarter. State Street Corp lifted its stake in LKQ by 1.2% during the third quarter. State Street Corp now owns 11,449,166 shares of the auto parts company’s stock valued at $457,051,000 after purchasing an additional 134,176 shares during the last quarter. Geode Capital Management LLC boosted its holdings in LKQ by 0.3% during the third quarter. Geode Capital Management LLC now owns 6,542,740 shares of the auto parts company’s stock worth $260,330,000 after buying an additional 21,161 shares in the last quarter. FMR LLC increased its holdings in shares of LKQ by 7.3% in the third quarter. FMR LLC now owns 6,020,689 shares of the auto parts company’s stock valued at $240,346,000 after buying an additional 411,390 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of LKQ by 6.1% in the second quarter. Dimensional Fund Advisors LP now owns 4,398,538 shares of the auto parts company’s stock valued at $182,936,000 after buying an additional 253,639 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.