LKQ (NASDAQ:LKQ) Director Sue Gove Acquires 9,795 Shares of Stock

LKQ Corporation (NASDAQ:LKQ) Director Sue Gove purchased 9,795 shares of the stock in a transaction dated Wednesday, November 4th. The stock was purchased at an average cost of $20.53 per share, for a total transaction of $201,091.35. Following the completion of the acquisition, the director owned 20,793 shares of the company’s stock, valued at approximately $426,880.29. This represents a 89.06% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

LKQ Price Performance

NASDAQ:LKQ traded down $0.49 during mid-day trading on Friday, hitting $20.05. 5,314,018 shares of the stock traded hands, compared to its average volume of 6,027,310. The business’s 50-day moving average price is $22.22 and its 200 day moving average price is $26.89. The company has a quick ratio of 0.67, a current ratio of 1.75 and a debt-to-equity ratio of 0.58. The company has a market cap of $5.06 billion, a PE ratio of 20.05 and a beta of 0.87. LKQ Corporation has a 12-month low of $16.85 and a 12-month high of $37.13.

LKQ (NASDAQ:LKQ) last announced its earnings results on Thursday, October 29th. The auto parts company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.08). LKQ had a net margin of 1.89% and a return on equity of 9.57%. The company had revenue of $3.32 billion during the quarter, compared to analysts’ expectations of $3.36 billion. During the same period in the prior year, the business earned $0.84 earnings per share. The company’s revenue for the quarter was down 5.1% compared to the same quarter last year. On average, analysts expect that LKQ Corporation will post 2.21 EPS for the current fiscal year.

LKQ Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Thursday, November 19th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date of this dividend is Thursday, November 19th. LKQ’s dividend payout ratio is currently 120.00%.

Institutional Trading of LKQ

Several large investors have recently modified their holdings of LKQ. BlackRock Inc. purchased a new position in LKQ during the 2nd quarter valued at about $1,015,096,000. Pzena Investment Management LLC purchased a new stake in LKQ in the 2nd quarter worth approximately $398,696,000. Nykredit A S bought a new stake in shares of LKQ in the 2nd quarter worth approximately $84,795,000. Bank of New York Mellon Corp bought a new stake in shares of LKQ in the 2nd quarter worth approximately $76,343,000. Finally, Bank of America Corp DE purchased a new position in shares of LKQ during the second quarter valued at approximately $58,221,000. 95.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

LKQ has been the subject of several research analyst reports. Roth Capital lowered LKQ from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $35.00 to $18.00 in a research note on Monday, October 26th. Barclays upgraded LKQ from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective on the stock in a research report on Monday, October 26th. JPMorgan Chase & Co. decreased their price objective on LKQ from $22.00 to $20.00 and set an “overweight” rating on the stock in a report on Friday, October 30th. Raymond James Financial set a $30.00 target price on LKQ in a research report on Friday, July 31st. Finally, Zacks Research lowered LKQ from a “hold” rating to a “strong sell” rating in a research note on Monday, August 3rd. Five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $26.07.

About LKQ

LKQ Corporation is a global distributor of automotive parts and accessories. The company supplies replacement parts, components and equipment to professional repair shops, collision-repair businesses, insurers, dealerships and other commercial customers. Its product offerings include recycled original-equipment parts, aftermarket parts, specialty vehicle products, tools and equipment.

LKQ’s operations include the procurement, dismantling and distribution of salvaged vehicles, allowing it to provide recycled engines, transmissions, body panels and other components.