LKQ (NASDAQ:LKQ) Stock Price Down 1% – Here’s Why

Shares of LKQ Co. (NASDAQ:LKQ) were down 1% on Friday . The company traded as low as $37.85 and last traded at $37.97. Approximately 249,102 shares changed hands during trading, a decline of 87% from the average daily volume of 1,954,507 shares. The stock had previously closed at $38.37.

Wall Street Analyst Weigh In

LKQ has been the subject of several recent analyst reports. Barrington Research reiterated an “outperform” rating and set a $60.00 price objective on shares of LKQ in a research note on Friday, October 25th. JPMorgan Chase & Co. raised their price target on LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a report on Thursday, September 12th. Stifel Nicolaus cut their price objective on shares of LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Roth Mkm reiterated a “buy” rating and issued a $59.00 target price on shares of LKQ in a research note on Thursday, September 12th. Finally, Robert W. Baird decreased 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. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $53.80.

LKQ Stock Down 1.1 %

The stock has a market cap of $9.87 billion, a PE ratio of 14.17 and a beta of 1.29. The business has a 50 day moving average price of $38.50 and a 200 day moving average price of $40.34. 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 (NASDAQ:LKQ) last posted its earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.01. The firm had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.65 billion. LKQ had a net margin of 4.90% and a return on equity of 15.15%. The business’s quarterly revenue was up .4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.86 EPS. Equities research analysts expect that LKQ Co. will post 3.43 EPS for the current fiscal year.

LKQ Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 3.16%. LKQ’s dividend payout ratio is currently 44.78%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Banque Cantonale Vaudoise lifted its position in shares of LKQ by 29.8% in the second quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company’s stock valued at $50,000 after acquiring an additional 278 shares in the last quarter. Bruce G. Allen Investments LLC lifted its position in LKQ by 33.5% in the third 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. Private Trust Co. NA boosted its stake in LKQ by 31.2% during the third quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company’s stock worth $50,000 after buying an additional 299 shares during the period. Asset Management One Co. Ltd. increased its position in shares of LKQ by 0.3% during the third quarter. Asset Management One Co. Ltd. now owns 103,156 shares of the auto parts company’s stock valued at $4,118,000 after acquiring an additional 306 shares during the last quarter. Finally, Montag A & Associates Inc. lifted its stake in LKQ by 0.6% during the 2nd quarter. Montag A & Associates Inc. now owns 50,495 shares of the auto parts company’s stock worth $2,100,000 after acquiring an additional 314 shares in the last quarter. Institutional investors and hedge funds 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.