Analysts Set LKQ Co. (NASDAQ:LKQ) PT at $53.80

Shares of LKQ Co. (NASDAQ:LKQ) have been given a consensus rating of “Buy” by the five analysts that are presently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy rating. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $53.80.

A number of equities analysts recently issued reports on the stock. Stifel Nicolaus dropped their price target 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. JPMorgan Chase & Co. raised their price target on shares of LKQ from $54.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday, September 12th. Barrington Research reaffirmed an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a research report on Friday, October 25th. Roth Mkm reissued a “buy” rating and issued a $59.00 target price on shares of LKQ in a report on Thursday, September 12th. Finally, Robert W. Baird dropped their price objective on LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th.

LKQ Price Performance

Shares of LKQ opened at $39.36 on Friday. LKQ has a fifty-two week low of $35.57 and a fifty-two week high of $53.68. The firm’s 50-day simple moving average is $39.13 and its two-hundred day simple moving average is $41.13. The stock has a market cap of $10.23 billion, a PE ratio of 14.69 and a beta of 1.29. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.72.

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 company had revenue of $3.58 billion for 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 quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.86 EPS. Analysts anticipate that LKQ will post 3.43 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The firm 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. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend is Thursday, November 14th. LKQ’s payout ratio is 44.78%.

Institutional Trading of LKQ

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in LKQ by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 30,897,480 shares of the auto parts company’s stock worth $1,650,234,000 after purchasing an additional 656,883 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of LKQ by 7.9% in 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 acquiring an additional 875,420 shares during the last quarter. Boston Partners grew its position in LKQ by 9.5% in the first quarter. Boston Partners now owns 8,220,571 shares of the auto parts company’s stock worth $438,108,000 after acquiring an additional 712,698 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in LKQ by 6.1% during the second quarter. Dimensional Fund Advisors LP now owns 4,398,538 shares of the auto parts company’s stock worth $182,936,000 after acquiring an additional 253,639 shares during the last quarter. Finally, Cooke & Bieler LP raised its position in 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 purchasing an additional 873,665 shares during the period. 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.