LKQ (NASDAQ:LKQ) Trading Up 0.2% - Here's What Happened

Shares of LKQ Co. (NASDAQ:LKQ - Get Free Report) shot up 0.2% during mid-day trading on Thursday . The company traded as high as $39.79 and last traded at $39.55. 560,522 shares were traded during trading, a decline of 71% from the average session volume of 1,934,377 shares. The stock had previously closed at $39.48.

Analysts Set New Price Targets

Several brokerages have issued reports on LKQ. StockNews.com raised shares of LKQ from a "hold" rating to a "buy" rating in a report on Monday, November 18th. JPMorgan Chase & Co. lifted their price objective on LKQ from $54.00 to $55.00 and gave the company an "overweight" rating in a report on Thursday, September 12th. Roth Mkm reiterated a "buy" rating and set a $59.00 target price on shares of LKQ in a research report on Thursday, September 12th. Robert W. Baird dropped their price target on LKQ from $50.00 to $48.00 and set an "outperform" rating for the company in a report on Friday, October 25th. Finally, Barrington Research reissued an "outperform" rating and issued a $60.00 price target on shares of LKQ in a report on Friday, October 25th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $53.80.

LKQ Price Performance

The stock has a market cap of $10.35 billion, a P/E ratio of 14.76 and a beta of 1.29. 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 business's fifty day moving average price is $38.60 and its 200 day moving average price is $40.51.

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

LKQ Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were given a $0.30 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 3.01%. LKQ's payout ratio is 44.78%.

Institutional Trading of LKQ

Several institutional investors have recently made changes to their positions in the company. Catalyst Capital Advisors LLC bought a new stake in shares of LKQ in the 3rd quarter worth approximately $25,000. Rothschild Investment LLC bought a new position in shares of LKQ during the 2nd quarter worth $33,000. Allworth Financial LP increased its holdings in LKQ by 94.2% in the 3rd quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company's stock worth $40,000 after acquiring an additional 490 shares during the last quarter. Bruce G. Allen Investments LLC raised its stake in LKQ by 33.5% in 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 acquiring an additional 289 shares during the period. Finally, Banque Cantonale Vaudoise lifted its holdings in LKQ by 29.8% during the second 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. 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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