LKQ Co. (NASDAQ:LKQ) Receives $53.80 Average PT from Brokerages

Shares of LKQ Co. (NASDAQ:LKQ) have been given a consensus recommendation of “Buy” by the five brokerages that are currently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $53.80.

LKQ has been the subject of a number of recent research reports. StockNews.com raised shares of LKQ from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Stifel Nicolaus dropped their price target on LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. JPMorgan Chase & Co. boosted their price objective on 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 issued a $60.00 target price on shares of LKQ in a research report on Friday, October 25th. Finally, Robert W. Baird reduced their price target 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.

Institutional Investors Weigh In On LKQ

A number of hedge funds and other institutional investors have recently modified their holdings of LKQ. Erste Asset Management GmbH bought a new stake in shares of LKQ during the 3rd quarter worth about $45,733,000. Seizert Capital Partners LLC raised its holdings in LKQ by 451.1% during the third quarter. Seizert Capital Partners LLC now owns 1,327,664 shares of the auto parts company’s stock worth $53,000,000 after purchasing an additional 1,086,758 shares in the last quarter. Millennium Management LLC raised its holdings in LKQ by 552.8% during the second quarter. Millennium Management LLC now owns 1,236,158 shares of the auto parts company’s stock worth $51,412,000 after purchasing an additional 1,046,805 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position 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 worth $496,772,000 after purchasing an additional 875,420 shares during the period. Finally, Cooke & Bieler LP boosted its stake in LKQ by 39.8% during the 2nd quarter. Cooke & Bieler LP now owns 3,067,772 shares of the auto parts company’s stock valued at $127,589,000 after purchasing an additional 873,665 shares in the last quarter. 95.63% of the stock is currently owned by institutional investors.

LKQ Trading Up 1.5 %

NASDAQ:LKQ opened at $36.75 on Friday. The company has a market cap of $9.55 billion, a PE ratio of 13.71 and a beta of 1.29. The business’s 50 day moving average is $37.98 and its two-hundred day moving average is $39.83. The company has a quick ratio of 0.67, a current ratio of 1.72 and a debt-to-equity ratio of 0.69. LKQ has a 52 week low of $35.57 and a 52 week high of $53.68.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings data on Thursday, October 24th. The auto parts company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.01. The firm 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 revenue for the quarter was up .4% on a year-over-year basis. During the same period last year, the business posted $0.86 earnings per share. On average, analysts predict that LKQ will post 3.43 EPS for the current 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 of this dividend was Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.27%. LKQ’s payout ratio is 44.78%.

About LKQ

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.