LKQ Co. (NASDAQ:LKQ) Receives $61.60 Consensus PT from Analysts

Shares of LKQ Co. (NASDAQ:LKQ) have been given a consensus rating of “Buy” by the five analysts that are currently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a buy rating. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $61.60.

A number of brokerages recently commented on LKQ. Stifel Nicolaus reissued a “buy” rating and set a $66.00 price target on shares of LKQ in a research note on Tuesday, April 9th. StockNews.com lowered LKQ from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd. Robert W. Baird dropped their price target on LKQ from $58.00 to $54.00 and set an “outperform” rating for the company in a research note on Wednesday, April 24th. JPMorgan Chase & Co. dropped their price target on LKQ from $65.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, January 25th. Finally, Barrington Research reissued an “outperform” rating and set a $60.00 price target on shares of LKQ in a research note on Friday, April 19th.

LKQ Stock Performance

Shares of LKQ opened at $43.92 on Friday. The company has a quick ratio of 0.68, a current ratio of 1.70 and a debt-to-equity ratio of 0.67. The business has a 50-day simple moving average of $47.99 and a two-hundred day simple moving average of $47.77. The stock has a market cap of $11.72 billion, a price-to-earnings ratio of 14.26 and a beta of 1.33. LKQ has a 52 week low of $41.30 and a 52 week high of $59.38.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings results 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). The company had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.76 billion. LKQ had a return on equity of 15.94% and a net margin of 5.79%. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.04 EPS. On average, analysts expect that LKQ will post 3.93 EPS for the current year.

LKQ Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th will be given a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.73%. LKQ’s payout ratio is 38.96%.

Insider Transactions at LKQ

In other LKQ news, CEO Dominick P. Zarcone sold 200,000 shares of LKQ stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 386,522 shares of the company’s stock, valued at approximately $20,087,548.34. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other LKQ news, Director Xavier Urbain sold 867 shares of LKQ stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $44.50, for a total transaction of $38,581.50. Following the completion of the transaction, the director now owns 15,606 shares in the company, valued at approximately $694,467. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Dominick P. Zarcone sold 200,000 shares of LKQ stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $51.97, for a total value of $10,394,000.00. Following the completion of the transaction, the chief executive officer now owns 386,522 shares of the company’s stock, valued at approximately $20,087,548.34. The disclosure for this sale can be found here. Insiders own 0.45% of the company’s stock.

Hedge Funds Weigh In On LKQ

Several institutional investors and hedge funds have recently modified their holdings of the business. Choreo LLC acquired a new stake in LKQ in the 4th quarter worth about $851,000. Osborne Partners Capital Management LLC acquired a new stake in LKQ in the 4th quarter worth about $5,888,000. River Road Asset Management LLC boosted its holdings in LKQ by 2.5% in the 4th quarter. River Road Asset Management LLC now owns 4,690,401 shares of the auto parts company’s stock worth $224,154,000 after buying an additional 114,207 shares during the last quarter. Applied Finance Capital Management LLC boosted its holdings in LKQ by 8.3% in the 3rd quarter. Applied Finance Capital Management LLC now owns 339,801 shares of the auto parts company’s stock worth $16,824,000 after buying an additional 26,033 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in LKQ by 369.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 456,839 shares of the auto parts company’s stock worth $21,832,000 after buying an additional 359,606 shares during the last quarter. Hedge funds and other institutional investors own 95.63% of the company’s stock.

About LKQ

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.