LKQ (NASDAQ:LKQ) Shares Up 0.2% – What’s Next?

LKQ Co. (NASDAQ:LKQ) shot up 0.2% during trading on Thursday . The company traded as high as $39.79 and last traded at $39.55. 560,522 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 1,934,377 shares. The stock had previously closed at $39.48.

Analysts Set New Price Targets

A number of research firms have recently commented on LKQ. JPMorgan Chase & Co. increased their target price on LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a research note on Thursday, September 12th. 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. StockNews.com raised LKQ from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Roth Mkm reissued a “buy” rating and issued a $59.00 target price on shares of LKQ in a research report on Thursday, September 12th. Finally, Barrington Research reissued an “outperform” rating and issued a $60.00 target price on shares of LKQ in a research report on Friday, October 25th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $53.80.

LKQ Price Performance

The firm has a 50 day moving average price of $38.56 and a 200 day moving average price of $40.47. The company has a quick ratio of 0.67, a current ratio of 1.72 and a debt-to-equity ratio of 0.69. The stock has a market cap of $10.11 billion, a P/E ratio of 14.51 and a beta of 1.29.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings data on Thursday, October 24th. The auto parts company reported $0.88 EPS 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 firm had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter last year, the company earned $0.86 earnings per share. The business’s revenue for the quarter was up .4% compared to the same quarter last year. On average, analysts forecast that LKQ Co. will post 3.43 EPS for the current fiscal year.

LKQ Announces Dividend

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

Institutional Trading of LKQ

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Catalyst Capital Advisors LLC bought a new stake in LKQ during the 3rd quarter valued at approximately $25,000. Rothschild Investment LLC bought a new stake in LKQ during the 2nd quarter valued at approximately $33,000. Allworth Financial LP raised its stake in LKQ by 94.2% during the 3rd quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company’s stock valued at $40,000 after purchasing an additional 490 shares during the period. Bruce G. Allen Investments LLC raised its stake in LKQ by 33.5% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,151 shares of the auto parts company’s stock valued at $46,000 after purchasing an additional 289 shares during the period. Finally, Banque Cantonale Vaudoise grew its holdings 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 in the last quarter. 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.