LKQ (NASDAQ:LKQ) Trading Up 0.8% – What’s Next?

LKQ Co. (NASDAQ:LKQ) shares rose 0.8% on Thursday . The stock traded as high as $37.69 and last traded at $37.60. Approximately 179,118 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 1,931,617 shares. The stock had previously closed at $37.32.

Analyst Ratings Changes

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

LKQ Trading Up 1.6 %

The stock has a market capitalization of $9.86 billion, a P/E ratio of 14.03 and a beta of 1.29. The stock’s fifty day moving average price is $38.84 and its 200 day moving average price is $40.88. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.72 and a quick ratio of 0.67.

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

LKQ Announces Dividend

The company also recently disclosed 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 dividend yield of 3.17%. LKQ’s payout ratio is currently 44.78%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Erste Asset Management GmbH purchased a new stake in LKQ during the 3rd quarter worth approximately $45,733,000. Seizert Capital Partners LLC grew its stake in LKQ by 451.1% during the 3rd quarter. Seizert Capital Partners LLC now owns 1,327,664 shares of the auto parts company’s stock valued at $53,000,000 after acquiring an additional 1,086,758 shares in the last quarter. Millennium Management LLC increased its position in LKQ by 552.8% during the second quarter. Millennium Management LLC now owns 1,236,158 shares of the auto parts company’s stock worth $51,412,000 after purchasing an additional 1,046,805 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in LKQ by 7.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 11,944,496 shares of the auto parts company’s stock valued at $496,772,000 after purchasing an additional 875,420 shares during the period. Finally, Cooke & Bieler LP increased its position in shares of LKQ by 39.8% during the second quarter. Cooke & Bieler LP now owns 3,067,772 shares of the auto parts company’s stock valued at $127,589,000 after acquiring an additional 873,665 shares during the last quarter. 95.63% of the stock is currently owned by 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.