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

LKQ Co. (NASDAQ:LKQ) has received an average recommendation of “Buy” from the five research firms that are covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a buy rating. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $53.80.

LKQ has been the topic of a number of research analyst reports. Roth Mkm reissued a “buy” rating and issued a $59.00 target price on shares of LKQ in a research note on Thursday, September 12th. Robert W. Baird reduced 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. Stifel Nicolaus decreased their price objective on LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, October 25th. StockNews.com raised LKQ from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Finally, Barrington Research reissued an “outperform” rating and set a $60.00 price target on shares of LKQ in a research note on Friday, October 25th.

LKQ Trading Down 2.1 %

LKQ stock opened at $38.89 on Wednesday. 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 has a fifty-two week low of $35.57 and a fifty-two week high of $53.68. The stock has a market cap of $10.11 billion, a P/E ratio of 14.51 and a beta of 1.29. The firm’s fifty day moving average price is $38.56 and its 200-day moving average price is $40.47.

LKQ (NASDAQ:LKQ) last released its quarterly earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.01. The firm had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.65 billion. LKQ had a return on equity of 15.15% and a net margin of 4.90%. The company’s revenue was up .4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.86 EPS. Equities research analysts forecast that LKQ 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. Investors of record on Thursday, November 14th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 3.09%. LKQ’s payout ratio is 44.78%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in LKQ. Catalyst Capital Advisors LLC purchased a new position in LKQ during the 3rd quarter valued at about $25,000. Rothschild Investment LLC purchased a new position in shares of LKQ during the second quarter valued at approximately $33,000. Allworth Financial LP raised its holdings in shares of LKQ by 94.2% during the third quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company’s stock valued at $40,000 after acquiring an additional 490 shares in the last quarter. Bruce G. Allen Investments LLC lifted its stake in LKQ by 33.5% in the third quarter. Bruce G. Allen Investments LLC now owns 1,151 shares of the auto parts company’s stock worth $46,000 after acquiring an additional 289 shares during the period. Finally, Banque Cantonale Vaudoise boosted its holdings in LKQ by 29.8% in the second quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company’s stock valued at $50,000 after acquiring an additional 278 shares in the last quarter. 95.63% of the stock is owned by hedge funds and other institutional investors.

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.