LKQ (NASDAQ:LKQ) Earns Buy Rating from Roth Mkm

Roth Mkm reaffirmed their buy rating on shares of LKQ (NASDAQ:LKQ) in a research report report published on Tuesday, Benzinga reports. They currently have a $65.00 target price on the auto parts company’s stock.

Several other analysts have also recently issued reports on the stock. StockNews.com cut shares of LKQ from a buy rating to a hold rating in a research note on Friday, February 23rd. JPMorgan Chase & Co. cut their price objective on LKQ from $65.00 to $63.00 and set an overweight rating on the stock in a report on Thursday, January 25th. Barrington Research reiterated an outperform rating and set a $60.00 target price on shares of LKQ in a report on Friday, April 19th. Finally, Stifel Nicolaus restated a buy rating and issued a $66.00 price target on shares of LKQ in a report on Tuesday, April 9th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, LKQ presently has a consensus rating of Moderate Buy and an average price target of $61.60.

LKQ Trading Down 0.8 %

Shares of LKQ stock opened at $42.92 on Tuesday. LKQ has a fifty-two week low of $41.30 and a fifty-two week high of $59.38. The business’s fifty day moving average is $50.97 and its two-hundred day moving average is $48.27. The company has a quick ratio of 0.53, a current ratio of 1.70 and a debt-to-equity ratio of 0.67. The firm has a market cap of $11.45 billion, a PE ratio of 13.94 and a beta of 1.28.

LKQ (NASDAQ:LKQ) last released its earnings results on Tuesday, April 23rd. The auto parts company reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.13). The business had revenue of $3.70 billion for 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 last year, the company posted $1.04 earnings per share. Analysts anticipate that LKQ will post 3.98 earnings per share for the current year.

LKQ Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend is Wednesday, May 15th. LKQ’s dividend payout ratio is presently 38.96%.

Insider Activity

In other LKQ news, CEO Dominick P. Zarcone sold 200,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $51.97, for a total value of $10,394,000.00. Following the transaction, the chief executive officer now directly owns 386,522 shares of the company’s stock, valued at approximately $20,087,548.34. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.55% of the company’s stock.

Institutional Investors Weigh In On LKQ

Institutional investors have recently made changes to their positions in the company. Norges Bank acquired a new position in LKQ in the fourth quarter worth $159,324,000. Boston Partners raised its stake in LKQ by 22.0% during the fourth quarter. Boston Partners now owns 7,507,873 shares of the auto parts company’s stock worth $358,848,000 after acquiring an additional 1,351,389 shares during the period. Morgan Stanley boosted its stake in LKQ by 13.7% in the third quarter. Morgan Stanley now owns 9,907,659 shares of the auto parts company’s stock valued at $490,528,000 after acquiring an additional 1,195,122 shares during the period. Cooke & Bieler LP raised its position in shares of LKQ by 95.1% during the 4th quarter. Cooke & Bieler LP now owns 2,403,053 shares of the auto parts company’s stock worth $114,842,000 after purchasing an additional 1,171,225 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in shares of LKQ by 9.5% in the 4th quarter. Wellington Management Group LLP now owns 11,307,753 shares of the auto parts company’s stock worth $540,398,000 after purchasing an additional 977,585 shares during the last quarter. 95.63% of the stock is currently 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.