LKQ Co. (NASDAQ:LKQ) Given Average Rating of “Buy” by Analysts

Shares of LKQ Co. (NASDAQ:LKQ) have been given a consensus recommendation of “Buy” by the five ratings firms that are currently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a buy recommendation. The average 12 month target price among analysts that have issued a report on the stock in the last year is $58.00.

A number of analysts recently issued reports on the stock. Roth Mkm reissued a “buy” rating and set a $59.00 target price on shares of LKQ in a research report on Thursday, September 12th. StockNews.com downgraded shares of LKQ from a “buy” rating to a “hold” rating in a research report on Tuesday, September 17th. JPMorgan Chase & Co. increased their target price on shares of LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a research report on Thursday, September 12th. Robert W. Baird dropped their target price on shares of LKQ from $54.00 to $50.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. Finally, Barrington Research reissued an “outperform” rating and set a $60.00 target price on shares of LKQ in a research report on Wednesday, September 18th.

LKQ Trading Up 0.6 %

NASDAQ LKQ opened at $39.29 on Tuesday. LKQ has a 12 month low of $35.57 and a 12 month high of $53.68. The company has a 50-day moving average of $40.17 and a 200-day moving average of $42.71. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.75 and a quick ratio of 0.70. The company has a market cap of $10.48 billion, a P/E ratio of 12.76 and a beta of 1.28.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings data 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). LKQ had a net margin of 5.03% and a return on equity of 15.33%. The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.87 billion. During the same period in the prior year, the company earned $1.09 EPS. The company’s revenue was up 7.3% compared to the same quarter last year. As a group, equities analysts predict that LKQ will post 3.55 earnings per share for the current year.

LKQ Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend was Thursday, August 15th. LKQ’s dividend payout ratio (DPR) is 38.96%.

Insider Buying and Selling at LKQ

In other news, CEO Justin L. Jude acquired 2,500 shares of the stock in a transaction on Friday, July 26th. The stock was bought at an average price of $39.91 per share, with a total value of $99,775.00. Following the completion of the transaction, the chief executive officer now directly owns 207,515 shares of the company’s stock, valued at $8,281,923.65. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other LKQ news, CEO Justin L. Jude bought 2,500 shares of LKQ stock in a transaction dated Friday, July 26th. The stock was bought at an average cost of $39.91 per share, for a total transaction of $99,775.00. Following the purchase, the chief executive officer now owns 207,515 shares in the company, valued at $8,281,923.65. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Andrew C. Clarke bought 7,600 shares of LKQ stock in a transaction dated Friday, July 26th. The shares were acquired at an average price of $39.70 per share, with a total value of $301,720.00. Following the completion of the purchase, the director now owns 10,519 shares in the company, valued at approximately $417,604.30. The trade was a 200.00 % increase in their position. The disclosure for this purchase can be found here. Insiders bought 12,600 shares of company stock valued at $500,870 over the last 90 days. 0.55% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On LKQ

Several institutional investors and hedge funds have recently made changes to their positions in LKQ. Vanguard Group Inc. boosted its holdings in LKQ by 2.2% in the first quarter. Vanguard Group Inc. now owns 30,897,480 shares of the auto parts company’s stock worth $1,650,234,000 after purchasing an additional 656,883 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in LKQ by 7.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 11,944,496 shares of the auto parts company’s stock worth $496,772,000 after purchasing an additional 875,420 shares during the period. Wellington Management Group LLP boosted its holdings in LKQ by 9.5% in the fourth quarter. Wellington Management Group LLP now owns 11,307,753 shares of the auto parts company’s stock worth $540,398,000 after purchasing an additional 977,585 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in LKQ by 1.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 9,113,931 shares of the auto parts company’s stock worth $486,775,000 after purchasing an additional 111,124 shares during the period. Finally, Boston Partners boosted its holdings in LKQ by 9.5% in the first quarter. Boston Partners now owns 8,220,571 shares of the auto parts company’s stock worth $438,108,000 after purchasing an additional 712,698 shares during the period. 95.63% of the stock is currently owned by hedge funds and other institutional investors.

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.