LKQ (NASDAQ:LKQ) Shares Down 1.2% – What’s Next?

Shares of LKQ Co. (NASDAQ:LKQ) were down 1.2% on Wednesday . The stock traded as low as $38.14 and last traded at $38.21. Approximately 223,943 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 1,947,148 shares. The stock had previously closed at $38.69.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Barrington Research reissued an “outperform” rating and set a $60.00 target price on shares of LKQ in a research report on Friday, October 25th. StockNews.com upgraded LKQ from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Stifel Nicolaus dropped their price objective on LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Robert W. Baird decreased their target price on LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. increased their price target on LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a report on Thursday, September 12th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, LKQ has an average rating of “Buy” and an average price target of $53.80.

LKQ Stock Down 0.2 %

The stock has a market cap of $10.04 billion, a price-to-earnings ratio of 14.26 and a beta of 1.29. The stock has a 50 day simple moving average of $38.53 and a 200 day simple moving average of $40.37. The company has a quick ratio of 0.67, a current ratio of 1.72 and a debt-to-equity ratio of 0.69.

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

LKQ Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were issued 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 3.11%. LKQ’s dividend payout ratio (DPR) is currently 44.78%.

Hedge Funds Weigh In On LKQ

Hedge funds have recently bought and sold shares of the company. Czech National Bank lifted its stake in LKQ by 8.0% in the second quarter. Czech National Bank now owns 50,837 shares of the auto parts company’s stock valued at $2,114,000 after purchasing an additional 3,753 shares during the last quarter. V Square Quantitative Management LLC lifted its holdings in LKQ by 18.5% during the second quarter. V Square Quantitative Management LLC now owns 8,696 shares of the auto parts company’s stock valued at $362,000 after purchasing an additional 1,360 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in shares of LKQ by 15.3% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 16,940 shares of the auto parts company’s stock worth $705,000 after purchasing an additional 2,253 shares in the last quarter. Wedge Capital Management L L P NC lifted its stake in shares of LKQ by 35.1% during the 2nd quarter. Wedge Capital Management L L P NC now owns 214,939 shares of the auto parts company’s stock valued at $8,939,000 after buying an additional 55,820 shares in the last quarter. Finally, Hunter Perkins Capital Management LLC boosted its holdings in LKQ by 3.3% in the 2nd quarter. Hunter Perkins Capital Management LLC now owns 354,858 shares of the auto parts company’s stock worth $14,759,000 after buying an additional 11,310 shares during the period. 95.63% of the stock is owned by hedge funds and other institutional investors.

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.