LKQ (NASDAQ:LKQ) Price Target Lowered to $48.00 at Robert W. Baird

LKQ (NASDAQ:LKQ) had its price target lowered by Robert W. Baird from $50.00 to $48.00 in a research note released on Friday, Benzinga reports. Robert W. Baird currently has an outperform rating on the auto parts company’s stock.

A number of other equities research analysts also recently issued reports on LKQ. Roth Mkm restated a “buy” rating and issued a $59.00 target price on shares of LKQ in a report on Thursday, September 12th. Barrington Research restated an “outperform” rating and set a $60.00 price objective on shares of LKQ in a report on Wednesday, September 18th. JPMorgan Chase & Co. increased their target price on LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a research report on Thursday, September 12th. Finally, StockNews.com downgraded LKQ from a “buy” rating to a “hold” rating in a research report on Tuesday, September 17th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $53.80.

LKQ Stock Down 0.3 %

LKQ stock opened at $37.55 on Friday. LKQ has a fifty-two week low of $35.57 and a fifty-two week high of $53.68. The firm has a market capitalization of $9.89 billion, a price-to-earnings ratio of 13.75 and a beta of 1.28. The company’s 50 day moving average price is $40.02 and its 200 day moving average price is $41.99. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.70 and a current ratio of 1.75.

LKQ (NASDAQ:LKQ) last released its earnings results on Thursday, October 24th. The auto parts company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.87 by $0.01. LKQ had a return on equity of 15.33% and a net margin of 5.03%. The firm had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.65 billion. During the same period in the prior year, the firm posted $0.86 earnings per share. The business’s quarterly revenue was up .4% compared to the same quarter last year. On average, equities research analysts anticipate that LKQ will post 3.54 EPS for the current fiscal year.

LKQ Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Thursday, November 14th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 3.20%. LKQ’s dividend payout ratio (DPR) is 43.96%.

Insider Activity

In other news, SVP Matthew J. Mckay acquired 2,500 shares of the business’s stock in a transaction on Monday, July 29th. The shares were purchased at an average price of $39.75 per share, for a total transaction of $99,375.00. Following the completion of the purchase, the senior vice president now directly owns 94,670 shares of the company’s stock, valued at $3,763,132.50. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.55% of the company’s stock.

Hedge Funds Weigh In On LKQ

Several institutional investors have recently made changes to their positions in LKQ. Manning & Napier Advisors LLC acquired a new position in shares of LKQ during the second quarter valued at $3,839,000. Capital World Investors grew its holdings in LKQ by 91.0% in the 1st quarter. Capital World Investors now owns 582,953 shares of the auto parts company’s stock worth $31,136,000 after buying an additional 277,700 shares in the last quarter. SG Americas Securities LLC increased its position in LKQ by 133.2% in the 1st quarter. SG Americas Securities LLC now owns 87,091 shares of the auto parts company’s stock valued at $4,652,000 after acquiring an additional 49,739 shares during the period. Addenda Capital Inc. bought a new stake in LKQ during the 2nd quarter valued at $6,419,000. Finally, TCW Group Inc. bought a new position in shares of LKQ in the second quarter worth $6,601,000. 95.63% of the stock is owned by institutional investors.

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.