LKQ (NASDAQ:LKQ) Price Target Cut to $54.00

LKQ (NASDAQ:LKQ) had its target price decreased by Robert W. Baird from $58.00 to $54.00 in a research report released on Wednesday morning, Benzinga reports. Robert W. Baird currently has an outperform rating on the auto parts company’s stock.

A number of other equities analysts have also recently commented on LKQ. JPMorgan Chase & Co. lowered their price target on LKQ from $65.00 to $63.00 and set an overweight rating for the company in a report on Thursday, January 25th. Stifel Nicolaus reissued a buy rating and set a $66.00 price target on shares of LKQ in a report on Tuesday, April 9th. Roth Mkm reissued a buy rating and set a $65.00 price target on shares of LKQ in a report on Tuesday, April 23rd. StockNews.com cut LKQ from a buy rating to a hold rating in a report on Friday, February 23rd. Finally, Barrington Research reissued an outperform rating and set a $60.00 price target on shares of LKQ in a report on Friday, April 19th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, LKQ presently has an average rating of Moderate Buy and an average price target of $61.60.

LKQ Price Performance

LKQ stock opened at $43.64 on Wednesday. The stock’s fifty day moving average price is $50.72 and its two-hundred day moving average price is $48.16. LKQ has a one year low of $41.30 and a one year high of $59.38. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.70 and a quick ratio of 0.53. The firm has a market cap of $11.64 billion, a PE ratio of 14.17 and a beta of 1.28.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings data on Tuesday, April 23rd. The auto parts company reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.13). LKQ had a return on equity of 15.94% and a net margin of 5.79%. The company had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter last year, the business earned $1.04 EPS. LKQ’s revenue was up 10.6% on a year-over-year basis. As a group, research analysts expect that LKQ will post 3.94 EPS for the current fiscal year.

LKQ Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, May 16th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, May 15th. This represents a $1.20 dividend on an annualized basis and a yield of 2.75%. LKQ’s dividend payout ratio is currently 38.96%.

Insider Buying and Selling

In related news, CEO Dominick P. Zarcone sold 200,000 shares of the business’s stock in a transaction on 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 sale, the chief executive officer now owns 386,522 shares in the company, valued at approximately $20,087,548.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.55% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On LKQ

A number of institutional investors have recently made changes to their positions in the stock. CWM LLC lifted its stake in shares of LKQ by 13.1% in the 3rd quarter. CWM LLC now owns 6,581 shares of the auto parts company’s stock valued at $326,000 after purchasing an additional 762 shares during the period. Ronald Blue Trust Inc. lifted its stake in shares of LKQ by 90.7% in the 3rd quarter. Ronald Blue Trust Inc. now owns 843 shares of the auto parts company’s stock valued at $42,000 after purchasing an additional 401 shares during the period. Hartford Investment Management Co. lifted its stake in shares of LKQ by 2.1% in the 3rd quarter. Hartford Investment Management Co. now owns 18,429 shares of the auto parts company’s stock valued at $912,000 after purchasing an additional 376 shares during the period. State of Alaska Department of Revenue lifted its stake in shares of LKQ by 0.8% in the 3rd quarter. State of Alaska Department of Revenue now owns 81,945 shares of the auto parts company’s stock valued at $4,056,000 after purchasing an additional 615 shares during the period. Finally, Pinnacle Bancorp Inc. lifted its stake in shares of LKQ by 167.3% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 759 shares of the auto parts company’s stock valued at $38,000 after purchasing an additional 475 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.