LKQ (NASDAQ:LKQ) Stock Price Up 0.5% – Here’s What Happened

Shares of LKQ Co. (NASDAQ:LKQ) rose 0.5% during mid-day trading on Monday . The company traded as high as $38.36 and last traded at $38.16. Approximately 240,729 shares traded hands during trading, a decline of 88% from the average daily volume of 1,952,603 shares. The stock had previously closed at $37.98.

Wall Street Analyst Weigh In

Several research firms have recently commented on LKQ. Robert W. Baird reduced their price objective on LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Barrington Research reaffirmed an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a research note on Friday, October 25th. Roth Mkm reiterated a “buy” rating and set a $59.00 price objective on shares of LKQ in a research note on Thursday, September 12th. StockNews.com raised shares of LKQ from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Finally, JPMorgan Chase & Co. lifted their price target on shares of LKQ from $54.00 to $55.00 and gave the company an “overweight” rating in a report on Thursday, September 12th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, LKQ has an average rating of “Buy” and an average price target of $53.80.

LKQ Stock Performance

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 business has a 50 day moving average price of $38.41 and a two-hundred day moving average price of $40.20. The stock has a market cap of $9.62 billion, a P/E ratio of 13.80 and a beta of 1.29.

LKQ (NASDAQ:LKQ) last posted its quarterly 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. The business had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.65 billion. LKQ had a return on equity of 15.15% and a net margin of 4.90%. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.86 EPS. On average, sell-side analysts forecast 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. Shareholders of record on Thursday, November 14th were issued a $0.30 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 3.24%. LKQ’s dividend payout ratio is currently 44.78%.

Hedge Funds Weigh In On LKQ

Institutional investors have recently added to or reduced their stakes in the company. Squarepoint Ops LLC grew its holdings in shares of LKQ by 3,683.6% in the second quarter. Squarepoint Ops LLC now owns 274,577 shares of the auto parts company’s stock valued at $11,420,000 after purchasing an additional 267,320 shares in the last quarter. Oppenheimer & Co. Inc. lifted its position in LKQ by 28.6% during the second quarter. Oppenheimer & Co. Inc. now owns 65,548 shares of the auto parts company’s stock valued at $2,726,000 after purchasing an additional 14,573 shares during the last quarter. Federated Hermes Inc. grew its stake in shares of LKQ by 2.6% in the 2nd quarter. Federated Hermes Inc. now owns 1,317,672 shares of the auto parts company’s stock worth $54,802,000 after buying an additional 33,459 shares in the last quarter. Quantbot Technologies LP increased its holdings in shares of LKQ by 27,310.6% in the 3rd quarter. Quantbot Technologies LP now owns 64,415 shares of the auto parts company’s stock worth $2,571,000 after buying an additional 64,180 shares during the last quarter. Finally, Rehmann Capital Advisory Group purchased a new stake in shares of LKQ during the 3rd quarter valued at about $634,000. Hedge funds and other institutional investors 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.