LKQ (NASDAQ:LKQ) Stock Price Up 2.8% - Time to Buy?

LKQ Co. (NASDAQ:LKQ - Get Free Report)'s stock price rose 2.8% on Monday . The company traded as high as $40.03 and last traded at $39.97. Approximately 214,122 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 1,946,601 shares. The stock had previously closed at $38.89.

Analyst Ratings Changes

A number of research analysts have commented on the stock. JPMorgan Chase & Co. increased 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 set a $60.00 target price on shares of LKQ in a report on Friday, October 25th. Roth Mkm restated a "buy" rating and set a $59.00 price target on shares of LKQ in a research report on Thursday, September 12th. StockNews.com upgraded LKQ from a "hold" rating to a "buy" rating in a report on Monday, November 18th. Finally, Robert W. Baird reduced their price target on LKQ from $50.00 to $48.00 and set an "outperform" rating on the stock in a research report on Friday, October 25th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, LKQ currently has a consensus rating of "Buy" and a consensus price target of $53.80.

LKQ Trading Up 1.7 %

The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.72. The stock has a market capitalization of $10.28 billion, a P/E ratio of 14.91 and a beta of 1.29. The stock has a 50-day moving average price of $38.56 and a two-hundred day moving average price of $40.42.

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

LKQ Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date of this dividend was Thursday, November 14th. LKQ's dividend payout ratio (DPR) is presently 44.78%.

Hedge Funds Weigh In On LKQ

A number of institutional investors and hedge funds have recently made changes to their positions in LKQ. Massachusetts Financial Services Co. MA increased its position in LKQ by 0.3% during 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 grew its stake in shares of 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 acquiring an additional 134,176 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of LKQ by 0.3% during the third quarter. Geode Capital Management LLC now owns 6,542,740 shares of the auto parts company's stock valued at $260,330,000 after acquiring an additional 21,161 shares in the last quarter. FMR LLC raised its position in shares of LKQ by 7.3% in the 3rd quarter. FMR LLC now owns 6,020,689 shares of the auto parts company's stock worth $240,346,000 after purchasing an additional 411,390 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in LKQ by 6.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,398,538 shares of the auto parts company's stock worth $182,936,000 after purchasing an additional 253,639 shares in the last quarter. 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.

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