LKQ (NASDAQ:LKQ) Stock Rating Reaffirmed by Barrington Research

Barrington Research restated their outperform rating on shares of LKQ (NASDAQ:LKQ) in a research report sent to investors on Friday, Benzinga reports. Barrington Research currently has a $60.00 target price on the auto parts company’s stock.

A number of other analysts have also weighed in on LKQ. Stifel Nicolaus restated a buy rating and issued a $66.00 target price on shares of LKQ in a research note on Tuesday, April 9th. JPMorgan Chase & Co. reduced their target price on LKQ from $65.00 to $63.00 and set an overweight rating on the stock in a report on Thursday, January 25th. Finally, StockNews.com cut LKQ from a buy rating to a hold rating in a report on Friday, February 23rd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, LKQ has an average rating of Moderate Buy and a consensus price target of $63.50.

LKQ Stock Up 1.1 %

Shares of LKQ stock opened at $49.12 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.47 and a quick ratio of 0.53. The stock has a fifty day moving average price of $51.22 and a 200 day moving average price of $48.36. LKQ has a one year low of $41.49 and a one year high of $59.38. The stock has a market cap of $13.10 billion, a P/E ratio of 14.03 and a beta of 1.28.

LKQ (NASDAQ:LKQ) last released its quarterly earnings data on Thursday, February 22nd. The auto parts company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.08. LKQ had a return on equity of 17.24% and a net margin of 6.75%. The firm had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.52 billion. During the same period in the prior year, the company posted $0.78 earnings per share. The business’s revenue for the quarter was up 16.7% compared to the same quarter last year. Analysts predict that LKQ will post 4.07 earnings per share for the current year.

LKQ Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend was Wednesday, March 13th. LKQ’s dividend payout ratio (DPR) is presently 34.29%.

Insider Activity

In other news, CEO Dominick P. Zarcone sold 200,000 shares of LKQ stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $51.97, for a total transaction of $10,394,000.00. Following the transaction, the chief executive officer now owns 386,522 shares in the company, valued at approximately $20,087,548.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.55% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On LKQ

Institutional investors have recently modified their holdings of the business. OFI Invest Asset Management bought a new stake in LKQ in the 3rd quarter valued at approximately $26,000. CVA Family Office LLC bought a new stake in LKQ in the 4th quarter valued at approximately $26,000. Clear Street Markets LLC lifted its stake in LKQ by 94.1% in the 1st quarter. Clear Street Markets LLC now owns 497 shares of the auto parts company’s stock valued at $28,000 after acquiring an additional 241 shares in the last quarter. Covestor Ltd lifted its stake in LKQ by 81.1% in the 1st quarter. Covestor Ltd now owns 623 shares of the auto parts company’s stock valued at $28,000 after acquiring an additional 279 shares in the last quarter. Finally, Private Trust Co. NA lifted its stake in LKQ by 228.4% in the 4th quarter. Private Trust Co. NA now owns 647 shares of the auto parts company’s stock valued at $31,000 after acquiring an additional 450 shares in 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.