Analysts Set LKQ Co. (NASDAQ:LKQ) Target Price at $53.80

LKQ Co. (NASDAQ:LKQ) has received a consensus rating of “Buy” from the five analysts that are presently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a buy recommendation. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $53.80.

Several research analysts recently issued reports on the stock. Robert W. Baird decreased their price target on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. StockNews.com raised shares of LKQ from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. 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 reaffirmed an “outperform” rating and set a $60.00 price objective on shares of LKQ in a research report on Friday, October 25th. Finally, Roth Mkm restated a “buy” rating and set a $59.00 price target on shares of LKQ in a report on Thursday, September 12th.

LKQ Stock Performance

LKQ stock opened at $38.89 on Wednesday. LKQ has a fifty-two week low of $35.57 and a fifty-two week high of $53.68. The stock’s 50 day simple moving average is $38.56 and its two-hundred day simple moving average is $40.47. 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 stock has a market cap of $10.11 billion, a price-to-earnings ratio of 14.51 and a beta of 1.29.

LKQ (NASDAQ:LKQ) last released its quarterly earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.01. The company had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.65 billion. LKQ had a return on equity of 15.15% and a net margin of 4.90%. The firm’s revenue was up .4% on a year-over-year basis. During the same period in the previous year, the company posted $0.86 earnings per share. As a group, analysts expect that LKQ will post 3.43 earnings per share for the current fiscal year.

LKQ Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were paid a dividend of $0.30 per share. The ex-dividend date was Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 3.09%. LKQ’s dividend payout ratio is 44.78%.

Institutional Investors Weigh In On LKQ

Several large investors have recently bought and sold shares of LKQ. Catalyst Capital Advisors LLC purchased a new stake in shares of LKQ during the 3rd quarter valued at about $25,000. Rothschild Investment LLC bought a new position in LKQ during the second quarter valued at approximately $33,000. Allworth Financial LP boosted its holdings in LKQ by 94.2% in 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 last quarter. Bruce G. Allen Investments LLC grew its position in LKQ by 33.5% in the 3rd 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. Finally, Banque Cantonale Vaudoise raised its stake in LKQ by 29.8% during the 2nd quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company’s stock valued at $50,000 after buying an additional 278 shares during the last quarter. 95.63% of the stock is currently 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.