LKQ Co. (NASDAQ:LKQ) Receives $61.60 Average PT from Brokerages

Shares of LKQ Co. (NASDAQ:LKQGet Free Report) have been given a consensus recommendation of “Buy” by the five research firms that are currently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a buy rating. The average 1-year price target among brokers that have covered the stock in the last year is $61.60.

LKQ has been the topic of several research analyst reports. Stifel Nicolaus restated a “buy” rating and set a $66.00 target price on shares of LKQ in a research note on Tuesday, April 9th. Robert W. Baird lowered their target price on shares of LKQ from $58.00 to $54.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 24th. Roth Mkm reiterated a “buy” rating and issued a $65.00 price objective on shares of LKQ in a research note on Tuesday, April 23rd. StockNews.com cut shares of LKQ from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd. Finally, Barrington Research reiterated an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a research note on Friday, April 19th.

View Our Latest Research Report on LKQ

Insider Buying and Selling

In related news, Director Xavier Urbain sold 867 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $44.50, for a total value of $38,581.50. Following the completion of the sale, the director now directly owns 15,606 shares of the company’s stock, valued at approximately $694,467. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.45% of the stock is currently owned by insiders.

Institutional Investors Weigh In On LKQ

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LKQ. CVA Family Office LLC purchased a new stake in LKQ during the 4th quarter valued at approximately $26,000. Private Trust Co. NA grew its holdings in LKQ by 228.4% during the 4th quarter. Private Trust Co. NA now owns 647 shares of the auto parts company’s stock valued at $31,000 after buying an additional 450 shares in the last quarter. Headinvest LLC purchased a new stake in LKQ during the 3rd quarter valued at approximately $34,000. Bruce G. Allen Investments LLC purchased a new stake in LKQ during the 4th quarter valued at approximately $37,000. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in LKQ by 40.8% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 777 shares of the auto parts company’s stock valued at $37,000 after buying an additional 225 shares in the last quarter. 95.63% of the stock is owned by hedge funds and other institutional investors.

LKQ Stock Performance

Shares of LKQ stock opened at $41.01 on Wednesday. The stock has a market cap of $10.94 billion, a price-to-earnings ratio of 13.31 and a beta of 1.29. The firm’s 50-day moving average is $44.11 and its 200 day moving average is $47.37. LKQ has a 1 year low of $39.72 and a 1 year high of $59.38. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.70 and a quick ratio of 0.68.

LKQ (NASDAQ:LKQGet Free Report) last posted its earnings results on Tuesday, April 23rd. The auto parts company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.13). The company had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.76 billion. LKQ had a net margin of 5.79% and a return on equity of 15.94%. LKQ’s revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.04 EPS. Sell-side analysts anticipate that LKQ will post 3.93 EPS for the current fiscal year.

LKQ Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 16th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.93%. The ex-dividend date was Wednesday, May 15th. LKQ’s dividend payout ratio is 38.96%.

About LKQ

(Get Free Report

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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Analyst Recommendations for LKQ (NASDAQ:LKQ)

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