Brokerages Set LKQ Co. (NASDAQ:LKQ) Target Price at $52.40

LKQ Co. (NASDAQ:LKQ) has been given an average rating of “Buy” by the five ratings firms that are currently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a buy recommendation. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $52.60.

A number of research analysts recently commented on the company. Barrington Research reissued an “outperform” rating and issued a $60.00 price target on shares of LKQ in a report on Thursday. JPMorgan Chase & Co. boosted their price target on LKQ from $48.00 to $49.00 and gave the stock an “overweight” rating in a report on Friday. Finally, StockNews.com cut LKQ from a “buy” rating to a “hold” rating in a report on Thursday.

Insider Activity at LKQ

In other LKQ news, Director Dominick P. Zarcone sold 5,000 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $36.14, for a total value of $180,700.00. Following the transaction, the director now owns 369,462 shares of the company’s stock, valued at $13,352,356.68. This represents a 1.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last 90 days, insiders have sold 20,000 shares of company stock worth $781,500. Company insiders own 0.55% of the company’s stock.

Hedge Funds Weigh In On LKQ

Several hedge funds have recently bought and sold shares of the business. Massachusetts Financial Services Co. MA grew its position in LKQ by 0.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 11,977,708 shares of the auto parts company’s stock valued at $478,150,000 after acquiring an additional 33,212 shares during the last quarter. State Street Corp grew its position in LKQ by 1.2% in the 3rd quarter. State Street Corp now owns 11,449,166 shares of the auto parts company’s stock valued at $457,051,000 after acquiring an additional 134,176 shares during the last quarter. Nordea Investment Management AB grew its position in LKQ by 11.0% in the 4th quarter. Nordea Investment Management AB now owns 8,406,444 shares of the auto parts company’s stock valued at $309,609,000 after acquiring an additional 833,519 shares during the last quarter. Geode Capital Management LLC grew its position in LKQ by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 6,591,553 shares of the auto parts company’s stock valued at $241,643,000 after acquiring an additional 48,813 shares during the last quarter. Finally, FMR LLC grew its position in LKQ by 7.3% in the 3rd quarter. FMR LLC now owns 6,020,689 shares of the auto parts company’s stock valued at $240,346,000 after acquiring an additional 411,390 shares during the last quarter. Institutional investors own 95.63% of the company’s stock.

LKQ Trading Down 3.0 %

Shares of NASDAQ:LKQ opened at $40.49 on Monday. The stock has a 50 day moving average of $37.63 and a 200 day moving average of $38.76. The company has a market cap of $10.53 billion, a PE ratio of 15.45 and a beta of 1.29. The company has a current ratio of 1.71, a quick ratio of 0.67 and a debt-to-equity ratio of 0.68. LKQ has a 12-month low of $35.56 and a 12-month high of $53.68.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings results on Thursday, February 20th. The auto parts company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.04. LKQ had a return on equity of 14.93% and a net margin of 4.81%. The company had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.42 billion. As a group, equities research analysts expect that LKQ will post 3.57 EPS for the current year.

LKQ Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be issued a dividend of $0.30 per share. The ex-dividend date is Thursday, March 13th. This represents a $1.20 annualized dividend and a dividend yield of 2.96%. LKQ’s dividend payout ratio (DPR) is 45.80%.

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.