LKQ (NASDAQ:LKQ) Trading 0.5% Higher - What's Next?

LKQ Co. (NASDAQ:LKQ - Get Free Report) shares were up 0.5% during mid-day trading on Monday . The stock traded as high as $38.36 and last traded at $38.16. Approximately 240,729 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 1,952,603 shares. The stock had previously closed at $37.98.

Wall Street Analyst Weigh In

LKQ has been the subject of several recent analyst reports. Robert W. Baird decreased their price objective on shares of LKQ from $50.00 to $48.00 and set an "outperform" rating for the company in a report on Friday, October 25th. Stifel Nicolaus lowered 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. StockNews.com raised LKQ from a "hold" rating to a "buy" rating in a report on Monday, November 18th. Roth Mkm reiterated a "buy" rating and issued a $59.00 price target on shares of LKQ in a report on Thursday, September 12th. Finally, Barrington Research restated an "outperform" rating and set a $60.00 price objective on shares of LKQ in a research note on Friday, October 25th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $53.80.

LKQ Price Performance

The company has a debt-to-equity ratio of 0.69, a current ratio of 1.72 and a quick ratio of 0.67. The company has a fifty day moving average price of $38.44 and a 200 day moving average price of $40.24. The company has a market capitalization of $9.65 billion, a P/E ratio of 13.85 and a beta of 1.29.

LKQ (NASDAQ:LKQ - Get Free Report) last posted its earnings results 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 company 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 firm's quarterly revenue was up .4% compared to the same quarter last year. During the same period last year, the business posted $0.86 earnings per share. On average, sell-side analysts forecast that LKQ Co. will post 3.43 EPS for the current fiscal year.

LKQ Announces Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 3.23%. LKQ's payout ratio is 44.78%.

Hedge Funds Weigh In On LKQ

Large investors have recently bought and sold shares of the stock. Franklin Resources Inc. increased its position in shares of LKQ by 9.2% during the 3rd quarter. Franklin Resources Inc. now owns 519,232 shares of the auto parts company's stock valued at $20,401,000 after purchasing an additional 43,541 shares during the period. Synovus Financial Corp grew its holdings in LKQ by 11.6% during the third quarter. Synovus Financial Corp now owns 15,235 shares of the auto parts company's stock worth $608,000 after acquiring an additional 1,588 shares during the period. Tidal Investments LLC raised its position in LKQ by 3.0% in the third quarter. Tidal Investments LLC now owns 32,995 shares of the auto parts company's stock worth $1,317,000 after acquiring an additional 947 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in LKQ in the 3rd quarter valued at about $81,000. Finally, Sanctuary Advisors LLC boosted its position in shares of LKQ by 22.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 33,725 shares of the auto parts company's stock valued at $1,298,000 after purchasing an additional 6,143 shares in the last quarter. Institutional investors and hedge funds 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.