LKQ (NASDAQ:LKQ) Price Target Cut to $48.00 by Analysts at Robert W. Baird

LKQ (NASDAQ:LKQ) had its price target decreased by Robert W. Baird from $50.00 to $48.00 in a research report released on Friday morning, Benzinga reports. Robert W. Baird currently has an outperform rating on the auto parts company’s stock.

Several other research firms also recently commented on LKQ. StockNews.com downgraded LKQ from a “buy” rating to a “hold” rating in a research report on Tuesday, September 17th. Roth Mkm restated a “buy” rating and set a $59.00 target price on shares of LKQ in a research report on Thursday, September 12th. Barrington Research restated an “outperform” rating and set a $60.00 target price on shares of LKQ in a research report on Wednesday, September 18th. Finally, JPMorgan Chase & Co. raised their target price on LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a research report on Thursday, September 12th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, LKQ currently has a consensus rating of “Buy” and an average target price of $53.80.

LKQ Price Performance

Shares of LKQ stock opened at $37.76 on Friday. The stock has a 50 day moving average of $39.95 and a two-hundred day moving average of $41.77. The company has a current ratio of 1.75, a quick ratio of 0.70 and a debt-to-equity ratio of 0.69. LKQ has a 12 month low of $35.57 and a 12 month high of $53.68. The company has a market capitalization of $10.07 billion, a P/E ratio of 12.26 and a beta of 1.28.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings data 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. LKQ had a return on equity of 15.33% and a net margin of 5.03%. The company 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 company earned $0.86 EPS. The company’s quarterly revenue was up .4% on a year-over-year basis. As a group, equities analysts expect that LKQ will post 3.54 EPS for the current year.

LKQ Announces Dividend

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 dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 3.18%. LKQ’s dividend payout ratio is 38.96%.

Institutional Investors Weigh In On LKQ

A number of hedge funds and other institutional investors have recently bought and sold shares of LKQ. Park Avenue Securities LLC increased its stake in shares of LKQ by 5.5% in the 1st quarter. Park Avenue Securities LLC now owns 9,288 shares of the auto parts company’s stock valued at $496,000 after buying an additional 487 shares during the period. River Street Advisors LLC increased its stake in shares of LKQ by 6.0% in the 1st quarter. River Street Advisors LLC now owns 6,414 shares of the auto parts company’s stock valued at $343,000 after buying an additional 365 shares during the period. Handelsinvest Investeringsforvaltning increased its stake in shares of LKQ by 26.5% in the 1st quarter. Handelsinvest Investeringsforvaltning now owns 20,662 shares of the auto parts company’s stock valued at $1,104,000 after buying an additional 4,326 shares during the period. Norden Group LLC acquired a new stake in shares of LKQ during the first quarter worth $403,000. Finally, First Trust Direct Indexing L.P. grew its stake in shares of LKQ by 20.2% during the first quarter. First Trust Direct Indexing L.P. now owns 6,886 shares of the auto parts company’s stock worth $368,000 after purchasing an additional 1,159 shares during the period. 95.63% of the stock is owned by institutional investors and hedge funds.

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.