LKQ Co. (NASDAQ:LKQ) Receives Consensus Recommendation of “Buy” from Analysts

LKQ Co. (NASDAQ:LKQ) has been assigned an average recommendation of “Buy” from the five analysts that are presently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a buy rating. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $63.80.

Several research analysts have commented on the stock. Roth Mkm reaffirmed a “buy” rating and set a $65.00 price objective on shares of LKQ in a research note on Tuesday. StockNews.com lowered LKQ from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. Stifel Nicolaus restated a “buy” rating and issued a $66.00 price objective on shares of LKQ in a research report on Tuesday, April 9th. JPMorgan Chase & Co. decreased their target price on LKQ from $65.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, January 25th. Finally, Barrington Research reissued an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a research note on Friday.

Insider Buying and Selling

In other news, CEO Dominick P. Zarcone sold 200,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $51.97, for a total value of $10,394,000.00. Following the transaction, the chief executive officer now directly owns 386,522 shares in the company, valued at approximately $20,087,548.34. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.45% of the stock is currently owned by company insiders.

Institutional Trading of LKQ

Several hedge funds have recently made changes to their positions in the stock. OFI Invest Asset Management bought a new stake in shares of LKQ in the 3rd quarter worth $26,000. CVA Family Office LLC purchased a new position in shares of LKQ during the fourth quarter valued at $26,000. Private Trust Co. NA boosted its position in LKQ by 228.4% during the fourth quarter. Private Trust Co. NA now owns 647 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 450 shares during the last quarter. NBC Securities Inc. acquired a new stake in LKQ during the third quarter valued at $34,000. Finally, Headinvest LLC acquired a new stake in shares of LKQ in the third quarter worth about $34,000. Institutional investors own 95.63% of the company’s stock.

LKQ Stock Down 14.3 %

Shares of LKQ stock traded down $7.00 during trading on Tuesday, hitting $41.93. The company’s stock had a trading volume of 4,261,507 shares, compared to its average volume of 1,569,097. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.53 and a current ratio of 1.47. The company has a fifty day simple moving average of $51.21 and a two-hundred day simple moving average of $48.36. The company has a market capitalization of $11.19 billion, a PE ratio of 11.91 and a beta of 1.28. LKQ has a 52 week low of $41.49 and a 52 week high of $59.38.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings data on Tuesday, April 23rd. The auto parts company reported $0.82 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.13). The firm had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.76 billion. LKQ had a net margin of 6.75% and a return on equity of 17.24%. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period last year, the company posted $1.04 earnings per share. Equities research analysts predict that LKQ will post 4.07 earnings per share for the current year.

LKQ Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.86%. LKQ’s payout ratio is 34.29%.

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.