LKQ (NASDAQ:LKQ) Trading Up 0.8% – What’s Next?

LKQ Co. (NASDAQ:LKQ)’s stock price was up 0.8% during trading on Thursday . The company traded as high as $37.69 and last traded at $37.60. Approximately 179,118 shares were traded during mid-day trading, a decline of 91% from the average daily volume of 1,931,617 shares. The stock had previously closed at $37.32.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on LKQ shares. Barrington Research restated an “outperform” rating and issued a $60.00 price target on shares of LKQ in a report on Friday, October 25th. StockNews.com upgraded shares of LKQ from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Robert W. Baird reduced their price objective on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Friday, October 25th. JPMorgan Chase & Co. raised their price target on shares of LKQ from $54.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday, September 12th. Finally, Roth Mkm reissued a “buy” rating and set a $59.00 price target on shares of LKQ in a research report on Thursday, September 12th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $53.80.

LKQ Trading Up 1.6 %

The firm’s 50-day moving average price is $38.81 and its 200-day moving average price is $40.86. The company has a quick ratio of 0.67, a current ratio of 1.72 and a debt-to-equity ratio of 0.69. The company has a market cap of $10.01 billion, a P/E ratio of 14.37 and a beta of 1.29.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.01. The company had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.65 billion. LKQ had a net margin of 4.90% and a return on equity of 15.15%. The company’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.86 earnings per share. As a group, equities research analysts expect that LKQ Co. will post 3.43 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Thursday, November 14th will be paid a dividend of $0.30 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 3.12%. LKQ’s dividend payout ratio is currently 44.78%.

Hedge Funds Weigh In On LKQ

A number of hedge funds and other institutional investors have recently bought and sold shares of LKQ. Catalyst Capital Advisors LLC purchased a new position in LKQ in the 3rd quarter worth approximately $25,000. Rothschild Investment LLC purchased a new stake in shares of LKQ in the 2nd quarter valued at $33,000. Allworth Financial LP boosted its stake in shares of LKQ by 94.2% in the 3rd quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company’s stock valued at $40,000 after purchasing an additional 490 shares in the last quarter. Bruce G. Allen Investments LLC boosted its stake in shares of LKQ by 33.5% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,151 shares of the auto parts company’s stock valued at $46,000 after purchasing an additional 289 shares in the last quarter. Finally, Banque Cantonale Vaudoise boosted its stake in shares of LKQ by 29.8% in the 2nd quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company’s stock valued at $50,000 after purchasing an additional 278 shares in the last quarter. Hedge funds and other 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.