LKQ (NASDAQ:LKQ) Rating Reiterated by Roth Mkm

Roth Mkm reiterated their buy rating on shares of LKQ (NASDAQ:LKQ) in a research note issued to investors on Thursday morning, Benzinga reports. They currently have a $59.00 price objective on the auto parts company’s stock.

Other research analysts have also recently issued research reports about the stock. Barrington Research reiterated an outperform rating and set a $60.00 price target on shares of LKQ in a research note on Thursday, July 25th. JPMorgan Chase & Co. lifted their target price on LKQ from $54.00 to $55.00 and gave the company an overweight rating in a research report on Thursday. StockNews.com upgraded LKQ from a hold rating to a buy rating in a research report on Monday. Finally, Robert W. Baird lowered their price objective on LKQ from $54.00 to $50.00 and set an outperform rating on the stock in a research report on Friday, July 26th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of Buy and a consensus target price of $58.00.

LKQ Stock Performance

Shares of LKQ opened at $39.69 on Thursday. The firm has a market capitalization of $10.45 billion, a P/E ratio of 12.89 and a beta of 1.29. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.75 and a quick ratio of 0.70. LKQ has a one year low of $35.57 and a one year high of $53.68. The business has a fifty day moving average of $41.44 and a 200 day moving average of $44.78.

LKQ (NASDAQ:LKQ) last released its quarterly 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 net margin of 5.03% and a return on equity of 15.33%. The firm had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.87 billion. During the same quarter in the prior year, the firm earned $1.09 earnings per share. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that LKQ will post 3.6 EPS for the current year.

LKQ Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend was Thursday, August 15th. LKQ’s dividend payout ratio (DPR) is 38.96%.

Insider Activity at LKQ

In other LKQ news, SVP Matthew J. Mckay purchased 2,500 shares of the company’s stock in a transaction on Monday, July 29th. The stock was acquired at an average cost of $39.75 per share, for a total transaction of $99,375.00. Following the purchase, the senior vice president now directly owns 94,670 shares of the company’s stock, valued at approximately $3,763,132.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, SVP Matthew J. Mckay bought 2,500 shares of LKQ stock in a transaction dated Monday, July 29th. The shares were purchased at an average cost of $39.75 per share, with a total value of $99,375.00. Following the completion of the acquisition, the senior vice president now owns 94,670 shares of the company’s stock, valued at approximately $3,763,132.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Andrew C. Clarke purchased 7,600 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were purchased at an average cost of $39.70 per share, with a total value of $301,720.00. Following the completion of the purchase, the director now owns 10,519 shares of the company’s stock, valued at approximately $417,604.30. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 12,600 shares of company stock valued at $500,870. 0.55% of the stock is owned by company insiders.

Hedge Funds Weigh In On LKQ

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Rothschild Investment LLC purchased a new position in LKQ in the second quarter worth about $33,000. Quarry LP increased its position in shares of LKQ by 65.1% during the 4th quarter. Quarry LP now owns 900 shares of the auto parts company’s stock valued at $43,000 after purchasing an additional 355 shares during the last quarter. CVA Family Office LLC raised its holdings in LKQ by 54.2% during the 1st quarter. CVA Family Office LLC now owns 825 shares of the auto parts company’s stock valued at $44,000 after buying an additional 290 shares during the period. Banque Cantonale Vaudoise lifted its position in LKQ by 29.8% in the second quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company’s stock worth $50,000 after buying an additional 278 shares during the last quarter. Finally, Fidelis Capital Partners LLC purchased a new position in LKQ during the first quarter worth $56,000. 95.63% of the stock is owned by hedge funds and other institutional investors.

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.