Shares of LKQ Co. (NASDAQ:LKQ - Get Free Report) traded up 1.1% on Wednesday . The company traded as high as $37.29 and last traded at $37.03. 366,496 shares were traded during trading, a decline of 81% from the average session volume of 1,954,277 shares. The stock had previously closed at $36.61.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on LKQ. StockNews.com upgraded LKQ from a "hold" rating to a "buy" rating in a report on Monday, November 18th. Robert W. Baird lowered their target price on LKQ from $50.00 to $48.00 and set an "outperform" rating for the company in a report on Friday, October 25th. Barrington Research reaffirmed an "outperform" rating and issued a $60.00 price target on shares of LKQ in a research report on Friday, October 25th. Stifel Nicolaus dropped their price objective on LKQ from $53.00 to $47.00 and set a "buy" rating on the stock in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. lifted their price target on shares of LKQ from $54.00 to $55.00 and gave the stock an "overweight" rating in a report on Thursday, September 12th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $53.80.
View Our Latest Analysis on LKQ
LKQ Trading Up 1.0 %
The stock has a 50-day moving average of $38.41 and a 200 day moving average of $40.20. 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 stock has a market cap of $9.62 billion, a PE ratio of 13.80 and a beta of 1.29.
LKQ (NASDAQ:LKQ - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The auto parts company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.87 by $0.01. The business had revenue of $3.58 billion for 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 business's revenue for the quarter was up .4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.86 EPS. As a group, sell-side analysts anticipate that LKQ Co. will post 3.43 earnings per share for the current year.
LKQ Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 3.24%. LKQ's payout ratio is 44.78%.
Institutional Trading of LKQ
Institutional investors and hedge funds have recently made changes to their positions in the business. Envestnet Portfolio Solutions Inc. lifted its stake in LKQ by 15.3% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 16,940 shares of the auto parts company's stock valued at $705,000 after buying an additional 2,253 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of LKQ by 7.9% during the second quarter. Assenagon Asset Management S.A. now owns 17,804 shares of the auto parts company's stock worth $740,000 after purchasing an additional 1,305 shares in the last quarter. Blue Trust Inc. raised its stake in LKQ by 101.6% in the 2nd quarter. Blue Trust Inc. now owns 1,609 shares of the auto parts company's stock valued at $67,000 after purchasing an additional 811 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in LKQ by 12.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 56,870 shares of the auto parts company's stock valued at $2,365,000 after purchasing an additional 6,131 shares in the last quarter. Finally, Oak Family Advisors LLC boosted its stake in LKQ by 52.4% during the 2nd quarter. Oak Family Advisors LLC now owns 20,728 shares of the auto parts company's stock worth $862,000 after purchasing an additional 7,124 shares during the last quarter. 95.63% of the stock is currently owned by hedge funds and other institutional investors.
About LKQ
(
Get Free Report)
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.
Further Reading
Before you consider LKQ, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and LKQ wasn't on the list.
While LKQ currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
