LKQ (NASDAQ:LKQ) Stock Price Down 0.1% - Here's What Happened

LKQ Co. (NASDAQ:LKQ - Get Free Report)'s stock price fell 0.1% during trading on Tuesday . The company traded as low as $36.74 and last traded at $37.07. 224,763 shares traded hands during trading, a decline of 88% from the average session volume of 1,953,715 shares. The stock had previously closed at $37.12.

Analyst Ratings Changes

A number of equities analysts recently weighed in on LKQ shares. Barrington Research restated an "outperform" rating and issued a $60.00 price objective on shares of LKQ in a report on Friday, October 25th. JPMorgan Chase & Co. upped their price target on LKQ from $54.00 to $55.00 and gave the company an "overweight" rating in a report on Thursday, September 12th. Stifel Nicolaus reduced their price objective on LKQ from $53.00 to $47.00 and set a "buy" rating for the company in a report on Friday, October 25th. Roth Mkm restated a "buy" rating and set a $59.00 target price on shares of LKQ in a research note on Thursday, September 12th. Finally, StockNews.com upgraded shares of LKQ from a "hold" rating to a "buy" rating in a research note on Monday, November 18th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, LKQ presently has a consensus rating of "Buy" and a consensus price target of $53.80.

LKQ Stock Performance

The business's fifty day moving average is $38.44 and its 200-day moving average is $40.24. The company has a quick ratio of 0.67, a current ratio of 1.72 and a debt-to-equity ratio of 0.69. The company has a market cap of $9.52 billion, a PE ratio of 13.67 and a beta of 1.29.

LKQ (NASDAQ:LKQ - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The auto parts company reported $0.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.87 by $0.01. The firm had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.65 billion. LKQ had a net margin of 4.90% and a return on equity of 15.15%. The company's revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.86 EPS. As a group, research analysts predict that LKQ Co. will post 3.43 EPS for the current fiscal year.

LKQ Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were paid a $0.30 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.28%. LKQ's dividend payout ratio (DPR) is presently 44.78%.

Hedge Funds Weigh In On LKQ

Several large investors have recently made changes to their positions in the business. Banque Cantonale Vaudoise boosted its holdings in shares of LKQ by 29.8% during the 2nd quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company's stock valued at $50,000 after purchasing an additional 278 shares during the last quarter. Bruce G. Allen Investments LLC grew its holdings in LKQ by 33.5% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,151 shares of the auto parts company's stock valued at $46,000 after buying an additional 289 shares in the last quarter. Private Trust Co. NA boosted its position in shares of LKQ by 31.2% during the 3rd quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company's stock valued at $50,000 after acquiring an additional 299 shares during the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of LKQ by 0.3% in the third quarter. Asset Management One Co. Ltd. now owns 103,156 shares of the auto parts company's stock valued at $4,118,000 after purchasing an additional 306 shares in the last quarter. Finally, Montag A & Associates Inc. increased its position in LKQ by 0.6% in the second quarter. Montag A & Associates Inc. now owns 50,495 shares of the auto parts company's stock worth $2,100,000 after purchasing an additional 314 shares during the last quarter. 95.63% of the stock is currently owned by hedge funds and other institutional investors.

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.