Analysts Set LKQ Co. (NASDAQ:LKQ) Price Target at $60.80

Shares of LKQ Co. (NASDAQ:LKQ) have been assigned a consensus recommendation of “Buy” from the five ratings firms that are covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a buy rating. The average 12-month price objective among analysts that have covered the stock in the last year is $60.80.

Several equities research analysts recently commented on LKQ shares. Roth Mkm reiterated a “buy” rating and set a $65.00 target price on shares of LKQ in a research report on Thursday, July 25th. Barrington Research reaffirmed an “outperform” rating and set a $60.00 price target on shares of LKQ in a research note on Thursday, July 25th. Finally, Robert W. Baird reduced their price objective on shares of LKQ from $54.00 to $50.00 and set an “outperform” rating on the stock in a research note on Friday, July 26th.

Insider Activity

In other news, Director Andrew C. Clarke bought 7,600 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was acquired at an average price of $39.70 per share, with a total value of $301,720.00. Following the completion of the purchase, the director now directly owns 10,519 shares of the company’s stock, valued at $417,604.30. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other LKQ news, Director Andrew C. Clarke bought 7,600 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was acquired at an average price of $39.70 per share, with a total value of $301,720.00. Following the completion of the purchase, the director now directly owns 10,519 shares of the company’s stock, valued at approximately $417,604.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Justin L. Jude purchased 2,500 shares of the company’s stock in a transaction on Friday, July 26th. The stock was acquired at an average cost of $39.91 per share, for a total transaction of $99,775.00. Following the completion of the purchase, the chief executive officer now owns 207,515 shares of the company’s stock, valued at approximately $8,281,923.65. The disclosure for this purchase can be found here. In the last three months, insiders have bought 12,600 shares of company stock valued at $500,870. 0.55% of the stock is currently owned by insiders.

Institutional Investors Weigh In On LKQ

Large investors have recently bought and sold shares of the stock. Czech National Bank boosted its position in shares of LKQ by 0.5% during the 1st quarter. Czech National Bank now owns 47,084 shares of the auto parts company’s stock worth $2,515,000 after purchasing an additional 216 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in LKQ by 40.8% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 777 shares of the auto parts company’s stock worth $37,000 after acquiring an additional 225 shares in the last quarter. Bleakley Financial Group LLC grew its stake in LKQ by 5.3% in the first quarter. Bleakley Financial Group LLC now owns 4,572 shares of the auto parts company’s stock valued at $244,000 after acquiring an additional 229 shares during the period. Motley Fool Asset Management LLC increased its holdings in shares of LKQ by 4.6% during the first quarter. Motley Fool Asset Management LLC now owns 5,249 shares of the auto parts company’s stock valued at $280,000 after acquiring an additional 233 shares in the last quarter. Finally, Evergreen Wealth Solutions LLC raised its position in shares of LKQ by 4.9% during the fourth quarter. Evergreen Wealth Solutions LLC now owns 5,229 shares of the auto parts company’s stock worth $250,000 after purchasing an additional 244 shares during the period. 95.63% of the stock is currently owned by institutional investors and hedge funds.

LKQ Price Performance

Shares of NASDAQ:LKQ opened at $41.59 on Monday. LKQ has a 52-week low of $35.57 and a 52-week high of $54.07. The company has a market capitalization of $10.95 billion, a PE ratio of 13.50 and a beta of 1.29. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.70 and a current ratio of 1.75. The company has a fifty day moving average of $41.64 and a 200-day moving average of $45.31.

LKQ (NASDAQ:LKQ) last issued its earnings results on Thursday, July 25th. The auto parts company reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.05). LKQ had a return on equity of 15.33% and a net margin of 5.03%. The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.87 billion. During the same period in the previous year, the company earned $1.09 EPS. LKQ’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, equities analysts predict that LKQ will post 3.6 EPS for the current fiscal year.

LKQ Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were given a $0.30 dividend. The ex-dividend date was Thursday, August 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.89%. LKQ’s dividend payout ratio (DPR) is currently 38.96%.

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.