LKQ (NASDAQ:LKQ) Downgraded by StockNews.com to Hold

StockNews.com downgraded shares of LKQ (NASDAQ:LKQ) from a buy rating to a hold rating in a research note released on Tuesday.

A number of other research firms also recently weighed in on LKQ. JPMorgan Chase & Co. increased their price objective on shares of LKQ from $54.00 to $55.00 and gave the company an “overweight” rating in a report on Thursday, September 12th. Robert W. Baird cut their price target on LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Stifel Nicolaus decreased their price objective on LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Barrington Research reissued an “outperform” rating and issued a $60.00 target price on shares of LKQ in a research note on Friday, October 25th. Finally, Roth Mkm restated a “buy” rating and set a $59.00 target price on shares of LKQ in a research report on Thursday, September 12th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $53.80.

LKQ Stock Down 0.0 %

NASDAQ:LKQ opened at $38.37 on Tuesday. The company has a market cap of $9.97 billion, a price-to-earnings ratio of 14.32 and a beta of 1.29. 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’s fifty day moving average price is $39.17 and its two-hundred day moving average price is $41.17. LKQ has a 52-week low of $35.57 and a 52-week high of $53.68.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share (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 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 quarter last year, the business earned $0.86 earnings per share. On average, analysts anticipate that LKQ will post 3.43 EPS for the current year.

LKQ Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date is Thursday, November 14th. LKQ’s dividend payout ratio is currently 44.78%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Catalyst Capital Advisors LLC acquired a new stake in shares of LKQ during the third quarter worth $25,000. Rothschild Investment LLC bought a new stake in shares of LKQ in the second quarter valued at about $33,000. Allworth Financial LP boosted its position in shares of LKQ by 94.2% during the third quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company’s stock worth $40,000 after buying an additional 490 shares during the period. Fidelis Capital Partners LLC bought a new position in shares of LKQ during the first quarter worth about $56,000. Finally, Bruce G. Allen Investments LLC raised its position 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 buying an additional 289 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.