LKQ (NASDAQ:LKQ) Trading Up 0.3% – Time to Buy?

LKQ Co. (NASDAQ:LKQ) rose 0.3% during trading on Wednesday . The stock traded as high as $39.58 and last traded at $39.12. 227,509 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 1,935,965 shares. The stock had previously closed at $39.00.

Analysts Set New Price Targets

Several brokerages have recently commented on LKQ. Barrington Research restated an “outperform” rating and set a $60.00 price objective on shares of LKQ in a research report on Friday, October 25th. JPMorgan Chase & Co. raised their target price on shares of LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a report on Thursday, September 12th. Roth Mkm reaffirmed a “buy” rating and set a $59.00 target price on shares of LKQ in a research report on Thursday, September 12th. Stifel Nicolaus decreased their price objective on LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a report on Friday, October 25th. Finally, Robert W. Baird lowered their target price on LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $53.80.

LKQ Stock Up 0.2 %

The company has a debt-to-equity ratio of 0.69, a current ratio of 1.72 and a quick ratio of 0.67. The company has a market cap of $10.16 billion, a PE ratio of 14.60 and a beta of 1.29. The firm has a 50-day simple moving average of $38.70 and a two-hundred day simple moving average of $40.70.

LKQ (NASDAQ:LKQ) last issued its earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share for the quarter, topping the consensus estimate 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 period last year, the company posted $0.86 EPS. The business’s quarterly revenue was up .4% on a year-over-year basis. Research analysts anticipate that LKQ Co. will post 3.43 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Thursday, November 14th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 3.07%. LKQ’s payout ratio is 44.78%.

Institutional Trading of LKQ

Several large investors have recently added to or reduced their stakes in LKQ. Motley Fool Asset Management LLC grew its stake in LKQ by 4.6% during the 1st quarter. Motley Fool Asset Management LLC now owns 5,249 shares of the auto parts company’s stock worth $280,000 after buying an additional 233 shares during the last quarter. Banque Cantonale Vaudoise raised its position in shares of LKQ by 29.8% during the 2nd quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company’s stock worth $50,000 after buying an additional 278 shares in the last quarter. Bruce G. Allen Investments LLC lifted its stake in shares of 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 acquiring an additional 289 shares during the period. Private Trust Co. NA boosted its holdings in shares of LKQ by 31.2% in the third quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company’s stock valued at $50,000 after acquiring an additional 299 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its stake in shares of LKQ by 0.3% during the third quarter. Asset Management One Co. Ltd. now owns 103,156 shares of the auto parts company’s stock valued at $4,118,000 after acquiring an additional 306 shares during the period. 95.63% of the stock is currently owned by institutional investors and hedge funds.

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.