LKQ (NASDAQ:LKQ) Trading Down 1.6% – Should You Sell?

LKQ Co. (NASDAQ:LKQ)’s share price was down 1.6% on Tuesday . The stock traded as low as $38.98 and last traded at $39.13. Approximately 268,315 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 1,937,533 shares. The stock had previously closed at $39.76.

Analyst Ratings Changes

A number of brokerages have issued reports on LKQ. Stifel Nicolaus decreased their target price on shares of 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. increased their price target on LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a research report on Thursday, September 12th. Roth Mkm reaffirmed a “buy” rating and issued a $59.00 price objective on shares of LKQ in a report on Thursday, September 12th. StockNews.com raised LKQ from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Finally, Robert W. Baird dropped their price target on LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Six analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $53.80.

LKQ Stock Performance

The stock has a fifty day simple moving average of $38.70 and a two-hundred day simple moving average of $40.70. 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 has a market cap of $10.17 billion, a price-to-earnings ratio of 14.60 and a beta of 1.29.

LKQ (NASDAQ:LKQ) last released its quarterly earnings data 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 business had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.65 billion. LKQ had a return on equity of 15.15% and a net margin of 4.90%. LKQ’s revenue was up .4% compared to the same quarter last year. During the same period last year, the firm posted $0.86 earnings per share. Analysts expect that LKQ Co. will post 3.43 EPS for the current fiscal year.

LKQ Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend was Thursday, November 14th. LKQ’s payout ratio is 44.78%.

Institutional Trading of LKQ

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Janus Henderson Group PLC increased its holdings in LKQ by 869.1% in the 1st quarter. Janus Henderson Group PLC now owns 454,010 shares of the auto parts company’s stock worth $24,248,000 after purchasing an additional 407,162 shares in the last quarter. California State Teachers Retirement System increased its stake in shares of LKQ by 1.2% in the first quarter. California State Teachers Retirement System now owns 437,221 shares of the auto parts company’s stock valued at $23,352,000 after buying an additional 5,030 shares during the period. Tidal Investments LLC raised its holdings in LKQ by 48.5% in the 1st quarter. Tidal Investments LLC now owns 30,733 shares of the auto parts company’s stock valued at $1,641,000 after buying an additional 10,039 shares during the last quarter. Hancock Whitney Corp boosted its position in LKQ by 58.2% during the 1st quarter. Hancock Whitney Corp now owns 19,189 shares of the auto parts company’s stock worth $1,025,000 after buying an additional 7,059 shares during the period. Finally, Wahed Invest LLC grew its holdings in LKQ by 13.8% during the 1st quarter. Wahed Invest LLC now owns 5,174 shares of the auto parts company’s stock worth $276,000 after acquiring an additional 627 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.