LKQ’s (LKQ) “Outperform” Rating Reaffirmed at Barrington Research

Barrington Research reaffirmed their outperform rating on shares of LKQ (NASDAQ:LKQ) in a research report report published on Wednesday morning, Benzinga reports. Barrington Research currently has a $60.00 price target on the auto parts company’s stock.

LKQ has been the topic of a number of other research reports. Roth Mkm restated a buy rating and issued a $59.00 target price on shares of LKQ in a research note on Thursday, September 12th. StockNews.com lowered shares of LKQ from a buy rating to a hold rating in a research report on Tuesday, September 17th. Robert W. Baird decreased their target price on shares of LKQ from $54.00 to $50.00 and set an outperform rating for the company in a research report on Friday, July 26th. Finally, 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 report on Thursday, September 12th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, LKQ has an average rating of Moderate Buy and a consensus price target of $58.00.

LKQ Stock Down 1.9 %

Shares of NASDAQ:LKQ opened at $40.01 on Wednesday. The firm has a 50 day simple moving average of $41.22 and a 200 day simple moving average of $44.20. LKQ has a 52 week low of $35.57 and a 52 week high of $53.68. 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 market cap of $10.67 billion, a PE ratio of 12.99 and a beta of 1.29.

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

LKQ Announces Dividend

The company 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 3.00%. The ex-dividend date of this dividend was Thursday, August 15th. LKQ’s payout ratio is 38.96%.

Insider Activity at LKQ

In other LKQ news, CEO Justin L. Jude acquired 2,500 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Andrew C. Clarke bought 7,600 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was purchased at an average cost of $39.70 per share, for a total transaction of $301,720.00. Following the purchase, the director now directly owns 10,519 shares in the company, valued at $417,604.30. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CEO Justin L. Jude purchased 2,500 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was bought at an average price of $39.91 per share, for a total transaction of $99,775.00. Following the completion of the transaction, the chief executive officer now directly owns 207,515 shares in the company, valued at $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 worth $500,870. 0.55% of the stock is owned by insiders.

Institutional Investors Weigh In On LKQ

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in LKQ by 2.2% in the first quarter. Vanguard Group Inc. now owns 30,897,480 shares of the auto parts company’s stock worth $1,650,234,000 after purchasing an additional 656,883 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of LKQ by 7.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 11,944,496 shares of the auto parts company’s stock valued at $496,772,000 after acquiring an additional 875,420 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of LKQ by 9.5% during the 4th quarter. Wellington Management Group LLP now owns 11,307,753 shares of the auto parts company’s stock valued at $540,398,000 after acquiring an additional 977,585 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in LKQ by 1.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 9,113,931 shares of the auto parts company’s stock valued at $486,775,000 after acquiring an additional 111,124 shares during the period. Finally, Boston Partners lifted its stake in LKQ by 9.5% during the first quarter. Boston Partners now owns 8,220,571 shares of the auto parts company’s stock worth $438,108,000 after purchasing an additional 712,698 shares during the period. 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.