LKQ (NASDAQ:LKQ) Receives Outperform Rating from Barrington Research

Barrington Research reiterated their outperform rating on shares of LKQ (NASDAQ:LKQ) in a research report sent to investors on Wednesday morning, Benzinga reports. Barrington Research currently has a $60.00 price objective on the auto parts company’s stock.

Several other brokerages have also recently issued reports on LKQ. StockNews.com cut LKQ from a buy rating to a hold rating in a research note on Tuesday, September 17th. JPMorgan Chase & Co. upped their price target on LKQ from $54.00 to $55.00 and gave the company an overweight rating in a research report on Thursday, September 12th. Roth Mkm reaffirmed a buy rating and issued a $59.00 price objective on shares of LKQ in a report on Thursday, September 12th. Finally, Robert W. Baird lowered their target price on shares of LKQ from $54.00 to $50.00 and set an outperform rating for the company in a research note on Friday, July 26th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of $58.00.

LKQ Trading Down 1.9 %

NASDAQ LKQ opened at $40.01 on Wednesday. The stock has a market cap of $10.67 billion, a P/E ratio of 12.99 and a beta of 1.29. The company’s fifty day simple moving average is $41.22 and its 200-day simple moving average is $44.20. The company has a current ratio of 1.75, a quick ratio of 0.70 and a debt-to-equity ratio of 0.69. LKQ has a 52 week low of $35.57 and a 52 week high of $53.68.

LKQ (NASDAQ:LKQ) last released its quarterly earnings results on Thursday, July 25th. The auto parts company reported $0.98 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.05). LKQ had a return on equity of 15.33% and a net margin of 5.03%. The business had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.87 billion. During the same quarter last year, the firm posted $1.09 EPS. The company’s revenue was up 7.3% compared to the same quarter last year. Equities research analysts predict that LKQ will post 3.6 EPS for the current fiscal year.

LKQ Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date of this dividend was Thursday, August 15th. LKQ’s payout ratio is 38.96%.

Insider Activity

In other news, CEO Justin L. Jude acquired 2,500 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were acquired at an average price of $39.91 per share, with a total value of $99,775.00. Following the acquisition, the chief executive officer now directly owns 207,515 shares in the company, valued at $8,281,923.65. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other LKQ news, Director Andrew C. Clarke purchased 7,600 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was bought at an average price of $39.70 per share, with a total value of $301,720.00. Following the completion of the purchase, the director now owns 10,519 shares in the company, valued at approximately $417,604.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Justin L. Jude acquired 2,500 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The shares were bought at an average price of $39.91 per share, for a total transaction of $99,775.00. Following the completion of the purchase, the chief executive officer now owns 207,515 shares of the company’s stock, valued at $8,281,923.65. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 12,600 shares of company stock valued at $500,870. 0.55% of the stock is currently owned by company insiders.

Institutional Trading of LKQ

A number of institutional investors have recently made changes to their positions in LKQ. Homestead Advisers Corp bought a new position in LKQ during the fourth quarter valued at about $20,583,000. Manning & Napier Advisors LLC bought a new stake in LKQ during the second quarter worth approximately $3,839,000. KBC Group NV grew its position in LKQ by 49.2% in the fourth quarter. KBC Group NV now owns 689,041 shares of the auto parts company’s stock worth $32,929,000 after buying an additional 227,314 shares during the last quarter. CHURCHILL MANAGEMENT Corp bought a new position in shares of LKQ in the first quarter valued at $1,468,000. Finally, Capital World Investors lifted its position in shares of LKQ by 91.0% during the 1st quarter. Capital World Investors now owns 582,953 shares of the auto parts company’s stock valued at $31,136,000 after acquiring an additional 277,700 shares during the last quarter. 95.63% of the stock is owned by institutional investors and hedge funds.

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.