LKQ (NASDAQ:LKQ) Price Target Raised to $49.00 at JPMorgan Chase & Co.

LKQ (NASDAQ:LKQ - Free Report) had its price target boosted by JPMorgan Chase & Co. from $48.00 to $49.00 in a research report sent to investors on Friday morning,Benzinga reports. They currently have an overweight rating on the auto parts company's stock.

LKQ has been the topic of several other research reports. Stifel Nicolaus lowered their price target on LKQ from $53.00 to $47.00 and set a "buy" rating on the stock in a report on Friday, October 25th. Robert W. Baird dropped their target price on shares of LKQ from $50.00 to $48.00 and set an "outperform" rating on the stock in a report on Friday, October 25th. StockNews.com cut shares of LKQ from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Finally, Barrington Research reiterated an "outperform" rating and issued a $60.00 price objective on shares of LKQ in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $52.60.

LKQ Stock Up 0.7 %

Shares of LKQ stock traded up $0.29 on Friday, hitting $41.54. The company's stock had a trading volume of 2,708,773 shares, compared to its average volume of 2,144,221. The stock has a market capitalization of $10.80 billion, a price-to-earnings ratio of 15.86 and a beta of 1.29. LKQ has a fifty-two week low of $35.56 and a fifty-two week high of $53.68. The firm's fifty day moving average price is $37.71 and its 200-day moving average price is $38.77. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.71 and a quick ratio of 0.67.

LKQ (NASDAQ:LKQ - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The auto parts company reported $0.80 earnings per share for the quarter, topping analysts' consensus estimates of $0.76 by $0.04. The company had revenue of $3.36 billion during the quarter, compared to analysts' expectations of $3.42 billion. LKQ had a return on equity of 14.93% and a net margin of 4.81%. Research analysts anticipate that LKQ will post 3.57 EPS for the current year.

LKQ Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $1.20 annualized dividend and a dividend yield of 2.89%. LKQ's payout ratio is 45.80%.

Insider Activity

In other news, Director Dominick P. Zarcone sold 5,000 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $36.14, for a total transaction of $180,700.00. Following the sale, the director now directly owns 369,462 shares in the company, valued at approximately $13,352,356.68. The trade was a 1.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last 90 days, insiders sold 20,000 shares of company stock valued at $781,500. Insiders own 0.55% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Massachusetts Financial Services Co. MA raised its stake in shares of LKQ by 0.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 11,977,708 shares of the auto parts company's stock valued at $478,150,000 after buying an additional 33,212 shares in the last quarter. State Street Corp raised its position in LKQ by 1.2% in the third quarter. State Street Corp now owns 11,449,166 shares of the auto parts company's stock worth $457,051,000 after purchasing an additional 134,176 shares in the last quarter. Nordea Investment Management AB raised its position in LKQ by 11.0% in the fourth quarter. Nordea Investment Management AB now owns 8,406,444 shares of the auto parts company's stock worth $309,609,000 after purchasing an additional 833,519 shares in the last quarter. Geode Capital Management LLC lifted its stake in LKQ by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 6,591,553 shares of the auto parts company's stock worth $241,643,000 after purchasing an additional 48,813 shares during the period. Finally, FMR LLC boosted its holdings in LKQ by 7.3% during the third quarter. FMR LLC now owns 6,020,689 shares of the auto parts company's stock valued at $240,346,000 after purchasing an additional 411,390 shares in the last quarter. 95.63% of the stock is owned by 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.