Analysts Set LKQ Co. (NASDAQ:LKQ) Price Target at $58.00

LKQ Co. (NASDAQ:LKQ - Get Free Report) has been given a consensus recommendation of "Buy" by the five ratings firms that are presently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation. The average 12-month target price among brokers that have covered the stock in the last year is $58.00.

Several research firms have recently issued reports on LKQ. Roth Mkm reaffirmed a "buy" rating and issued a $59.00 target price on shares of LKQ in a report on Thursday, September 12th. Robert W. Baird reduced their target price on LKQ from $54.00 to $50.00 and set an "outperform" rating for the company in a report on Friday, July 26th. JPMorgan Chase & Co. upped their target price on LKQ from $54.00 to $55.00 and gave the company an "overweight" rating in a report on Thursday, September 12th. Barrington Research reissued an "outperform" rating and set a $60.00 price objective on shares of LKQ in a report on Wednesday, September 18th. Finally, StockNews.com lowered LKQ from a "buy" rating to a "hold" rating in a report on Tuesday, September 17th.

Insiders Place Their Bets

In related news, Director Andrew C. Clarke bought 7,600 shares of the company's stock in a transaction on Friday, July 26th. The shares were purchased at an average price of $39.70 per share, for a total transaction of $301,720.00. Following the completion of the transaction, the director now directly owns 10,519 shares in the company, valued at approximately $417,604.30. The trade was a 200.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other LKQ news, CEO Justin L. Jude acquired 2,500 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were bought at an average price of $39.91 per share, for a total transaction of $99,775.00. Following the completion of the transaction, the chief executive officer now owns 207,515 shares of the company's stock, valued at approximately $8,281,923.65. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andrew C. Clarke acquired 7,600 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was acquired at an average price of $39.70 per share, for a total transaction of $301,720.00. Following the transaction, the director now directly owns 10,519 shares of the company's stock, valued at $417,604.30. This represents a 200.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 12,600 shares of company stock worth $500,870 over the last 90 days. Corporate insiders own 0.55% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in LKQ. Millennium Management LLC increased its stake in LKQ by 552.8% in the second quarter. Millennium Management LLC now owns 1,236,158 shares of the auto parts company's stock valued at $51,412,000 after acquiring an additional 1,046,805 shares during the last quarter. Wellington Management Group LLP increased its stake in LKQ by 9.5% in the fourth quarter. Wellington Management Group LLP now owns 11,307,753 shares of the auto parts company's stock valued at $540,398,000 after acquiring an additional 977,585 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in LKQ by 7.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 11,944,496 shares of the auto parts company's stock valued at $496,772,000 after acquiring an additional 875,420 shares during the last quarter. Cooke & Bieler LP grew its stake in shares of LKQ by 39.8% during the second quarter. Cooke & Bieler LP now owns 3,067,772 shares of the auto parts company's stock valued at $127,589,000 after buying an additional 873,665 shares during the last quarter. Finally, Boston Partners grew its stake in shares of LKQ by 9.5% during the first quarter. Boston Partners now owns 8,220,571 shares of the auto parts company's stock valued at $438,108,000 after buying an additional 712,698 shares during the last quarter. Institutional investors own 95.63% of the company's stock.

LKQ Stock Down 0.7 %

LKQ stock traded down $0.29 during mid-day trading on Tuesday, reaching $39.00. 2,167,978 shares of the company traded hands, compared to its average volume of 1,859,301. The stock has a market cap of $10.40 billion, a price-to-earnings ratio of 12.66 and a beta of 1.28. The company has a quick ratio of 0.70, a current ratio of 1.75 and a debt-to-equity ratio of 0.69. LKQ has a fifty-two week low of $35.57 and a fifty-two week high of $53.68. The firm's 50 day moving average price is $40.17 and its 200 day moving average price is $42.71.

LKQ (NASDAQ:LKQ - Get Free Report) last released its earnings results on Thursday, July 25th. The auto parts company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.05). The business had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.87 billion. LKQ had a net margin of 5.03% and a return on equity of 15.33%. The business's revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.09 earnings per share. As a group, equities research analysts predict that LKQ will post 3.55 EPS for the current fiscal year.

LKQ Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, August 15th. This represents a $1.20 annualized dividend and a dividend yield of 3.08%. LKQ's dividend payout ratio is currently 38.96%.

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.