LKQ (NASDAQ:LKQ) Rating Reiterated by Barrington Research

Barrington Research restated their outperform rating on shares of LKQ (NASDAQ:LKQ) in a research report sent to investors on Thursday, Benzinga reports. Barrington Research currently has a $60.00 target price on the auto parts company’s stock.

Several other analysts have also issued reports on the company. Roth Mkm reiterated a buy rating and set a $65.00 price objective on shares of LKQ in a report on Tuesday, April 23rd. Stifel Nicolaus reiterated a buy rating and set a $66.00 price target on shares of LKQ in a report on Tuesday, April 9th. Finally, Robert W. Baird dropped their price objective on LKQ from $58.00 to $54.00 and set an outperform rating on the stock in a report on Wednesday, April 24th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, LKQ has an average rating of Moderate Buy and a consensus price target of $60.80.

LKQ Price Performance

NASDAQ LKQ opened at $40.18 on Thursday. The stock has a market capitalization of $10.72 billion, a P/E ratio of 13.05 and a beta of 1.29. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.68 and a current ratio of 1.75. The business’s fifty day moving average is $42.46 and its two-hundred day moving average is $46.53. LKQ has a 1 year low of $35.57 and a 1 year high of $57.73.

LKQ (NASDAQ:LKQ) last announced its earnings results on Thursday, July 25th. The auto parts company reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.05). The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.87 billion. LKQ had a return on equity of 15.33% and a net margin of 5.03%. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period last year, the firm earned $1.09 earnings per share. On average, research analysts forecast that LKQ will post 3.59 earnings per share for the current fiscal year.

LKQ Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend is Thursday, August 15th. LKQ’s dividend payout ratio is 38.96%.

Insider Activity at LKQ

In other LKQ news, Director Xavier Urbain sold 867 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $44.50, for a total transaction of $38,581.50. Following the completion of the sale, the director now owns 15,606 shares of the company’s stock, valued at $694,467. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.55% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Norges Bank bought a new position in shares of LKQ during the 4th quarter worth about $159,324,000. Boston Partners raised its holdings in LKQ by 22.0% in the 4th quarter. Boston Partners now owns 7,507,873 shares of the auto parts company’s stock valued at $358,848,000 after acquiring an additional 1,351,389 shares in the last quarter. Cooke & Bieler LP raised its holdings in LKQ by 95.1% in the 4th quarter. Cooke & Bieler LP now owns 2,403,053 shares of the auto parts company’s stock valued at $114,842,000 after acquiring an additional 1,171,225 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of LKQ by 9.5% in the 4th quarter. Wellington Management Group LLP now owns 11,307,753 shares of the auto parts company’s stock worth $540,398,000 after acquiring an additional 977,585 shares during the period. Finally, Polaris Capital Management LLC acquired a new stake in shares of LKQ during the 1st quarter worth approximately $36,821,000. Institutional investors and hedge funds own 95.63% of the company’s stock.

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.