LKQ (NASDAQ:LKQ) Price Target Cut to $47.00 by Analysts at Stifel Nicolaus

LKQ (NASDAQ:LKQ) had its price target reduced by Stifel Nicolaus from $53.00 to $47.00 in a research note published on Friday, Benzinga reports. They currently have a buy rating on the auto parts company’s stock.

A number of other research analysts have also issued reports on LKQ. Roth Mkm reiterated a “buy” rating and set a $59.00 price target on shares of LKQ in a research report on Thursday, September 12th. StockNews.com lowered LKQ from a “buy” rating to a “hold” rating in a research report on Tuesday, September 17th. JPMorgan Chase & Co. boosted their price target on LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a research report on Thursday, September 12th. Barrington Research reiterated an “outperform” rating and set a $60.00 price target on shares of LKQ in a research report on Wednesday, September 18th. Finally, Robert W. Baird reduced their price target on LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a research report on Friday. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, LKQ currently has an average rating of “Buy” and a consensus price target of $53.80.

LKQ Price Performance

Shares of LKQ opened at $37.76 on Friday. The firm has a market cap of $10.07 billion, a price-to-earnings ratio of 12.26 and a beta of 1.28. The stock has a 50 day moving average of $39.95 and a 200-day moving average of $41.77. The company has a current ratio of 1.75, a quick ratio of 0.70 and a debt-to-equity ratio of 0.69. LKQ has a 52 week low of $35.57 and a 52 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, beating analysts’ consensus estimates of $0.87 by $0.01. LKQ had a return on equity of 15.33% and a net margin of 5.03%. The business had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.65 billion. During the same quarter in the previous year, the firm posted $0.86 EPS. The business’s revenue for the quarter was up .4% compared to the same quarter last year. As a group, analysts forecast that LKQ will post 3.54 EPS for the current year.

LKQ Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date of this dividend is Thursday, November 14th. LKQ’s dividend payout ratio is presently 38.96%.

Institutional Trading of LKQ

Hedge funds and other institutional investors have recently modified their holdings of the company. Rothschild Investment LLC bought a new stake in shares of LKQ in the 2nd quarter worth $33,000. Allworth Financial LP raised its position in shares of LKQ by 94.2% during the third quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company’s stock worth $40,000 after purchasing an additional 490 shares during the period. Bruce G. Allen Investments LLC raised its position in shares of LKQ by 33.5% during the third quarter. Bruce G. Allen Investments LLC now owns 1,151 shares of the auto parts company’s stock worth $46,000 after purchasing an additional 289 shares during the period. Banque Cantonale Vaudoise raised its position 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 purchasing an additional 278 shares during the period. Finally, Fidelis Capital Partners LLC acquired a new stake in shares of LKQ during the first quarter worth $56,000. 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.