LKQ Co. (NASDAQ:LKQ) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of LKQ Co. (NASDAQ:LKQ) have received a consensus rating of “Buy” from the five research firms that are currently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy rating. The average 1-year price objective 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 recent analyst reports. Robert W. Baird dropped 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. Stifel Nicolaus dropped their target price on LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. JPMorgan Chase & Co. raised their price target on LKQ from $54.00 to $55.00 and gave the company an “overweight” rating in a report on Thursday, September 12th. Barrington Research reaffirmed an “outperform” rating and set a $60.00 price objective on shares of LKQ in a report on Friday, October 25th. Finally, StockNews.com cut LKQ from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th.

LKQ Trading Up 0.9 %

NASDAQ LKQ opened at $38.72 on Friday. The firm’s fifty day moving average is $39.01 and its two-hundred day moving average is $41.07. LKQ has a one year low of $35.57 and a one year high of $53.68. 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 firm has a market cap of $10.07 billion, a PE ratio of 14.45 and a beta of 1.29.

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, beating analysts’ consensus estimates of $0.87 by $0.01. LKQ had a return on equity of 15.15% and a net margin of 4.90%. The business had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same quarter in the previous year, the company posted $0.86 earnings per share. The company’s revenue for the quarter was up .4% compared to the same quarter last year. Analysts expect that LKQ will post 3.43 earnings per share for the current year.

LKQ Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend is Thursday, November 14th. LKQ’s dividend payout ratio is currently 44.78%.

Institutional Trading of LKQ

Large investors have recently modified their holdings of the business. Manning & Napier Advisors LLC acquired a new stake in LKQ during the 2nd quarter valued at $3,839,000. Capital World Investors increased its position in LKQ by 91.0% during the 1st quarter. Capital World Investors now owns 582,953 shares of the auto parts company’s stock worth $31,136,000 after purchasing an additional 277,700 shares in the last quarter. SG Americas Securities LLC raised its stake in LKQ by 133.2% in the 1st quarter. SG Americas Securities LLC now owns 87,091 shares of the auto parts company’s stock valued at $4,652,000 after purchasing an additional 49,739 shares during the last quarter. Addenda Capital Inc. purchased a new position in LKQ in the 2nd quarter valued at about $6,419,000. Finally, TCW Group Inc. acquired a new stake in shares of LKQ during the 2nd quarter worth about $6,601,000. 95.63% of the stock is currently owned by institutional investors and hedge funds.

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.