LKQ (NASDAQ:LKQ) Price Target Lowered to $47.00 at Stifel Nicolaus

LKQ (NASDAQ:LKQ) had its price objective lowered by Stifel Nicolaus from $53.00 to $47.00 in a report released on Friday morning, Benzinga reports. Stifel Nicolaus currently has a buy rating on the auto parts company’s stock.

LKQ has been the topic of a number of other reports. StockNews.com lowered LKQ from a “buy” rating to a “hold” rating in a research note on Tuesday, September 17th. Roth Mkm reissued a “buy” rating and issued a $59.00 price target on shares of LKQ in a research note on Thursday, September 12th. JPMorgan Chase & Co. raised their price target on LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a research note on Thursday, September 12th. Robert W. Baird decreased their price target on LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Friday. Finally, Barrington Research reissued an “outperform” rating and issued a $60.00 price target on shares of LKQ in a research note on Wednesday, September 18th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, LKQ has a consensus rating of “Buy” and a consensus target price of $53.80.

LKQ Stock Up 0.6 %

LKQ opened at $37.76 on Friday. The company has a quick ratio of 0.70, a current ratio of 1.75 and a debt-to-equity ratio of 0.69. The firm has a market cap of $10.07 billion, a P/E ratio of 12.26 and a beta of 1.28. LKQ has a 52 week low of $35.57 and a 52 week high of $53.68. The business’s fifty day simple moving average is $39.95 and its 200 day simple moving average is $41.77.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings data on Thursday, October 24th. The auto parts company reported $0.88 EPS for the quarter, beating 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 return on equity of 15.33% and a net margin of 5.03%. The business’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter last year, the company earned $0.86 earnings per share. As a group, equities research analysts anticipate that LKQ will post 3.54 EPS for the current fiscal year.

LKQ Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend is Thursday, November 14th. LKQ’s dividend payout ratio is currently 38.96%.

Hedge Funds Weigh In On LKQ

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of LKQ by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 30,897,480 shares of the auto parts company’s stock valued at $1,650,234,000 after buying an additional 656,883 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of LKQ by 7.9% during the 2nd 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 buying an additional 875,420 shares during the period. Boston Partners raised its holdings in shares of LKQ by 9.5% during the 1st quarter. Boston Partners now owns 8,220,571 shares of the auto parts company’s stock valued at $438,108,000 after buying an additional 712,698 shares during the period. Nordea Investment Management AB raised its holdings in shares of LKQ by 1.4% during the 1st quarter. Nordea Investment Management AB now owns 7,396,653 shares of the auto parts company’s stock valued at $396,461,000 after buying an additional 103,659 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of LKQ by 6.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,398,538 shares of the auto parts company’s stock valued at $182,936,000 after buying an additional 253,639 shares during the period. 95.63% of the stock is owned by institutional investors and hedge funds.

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.