LKQ (NASDAQ:LKQ) Stock Price Down 1.6% – What’s Next?

LKQ Co. (NASDAQ:LKQ) shares were down 1.6% on Tuesday . The company traded as low as $38.98 and last traded at $39.13. Approximately 268,315 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 1,937,533 shares. The stock had previously closed at $39.76.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Robert W. Baird reduced their target price on LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Barrington Research reissued an “outperform” rating and issued a $60.00 price target on shares of LKQ in a research report on Friday, October 25th. StockNews.com raised shares of LKQ from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Stifel Nicolaus cut their target price on shares of LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Finally, Roth Mkm restated a “buy” rating and set a $59.00 price target on shares of LKQ in a report on Thursday, September 12th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $53.80.

LKQ Trading Down 2.2 %

The company has a debt-to-equity ratio of 0.69, a current ratio of 1.72 and a quick ratio of 0.67. The company has a market capitalization of $10.11 billion, a price-to-earnings ratio of 14.60 and a beta of 1.29. The business has a fifty day moving average price of $38.74 and a 200 day moving average price of $40.74.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings data on Thursday, October 24th. The auto parts company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.01. LKQ had a net margin of 4.90% and a return on equity of 15.15%. The business had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.65 billion. During the same quarter in the prior year, the business earned $0.86 earnings per share. The firm’s revenue for the quarter was up .4% on a year-over-year basis. On average, equities analysts expect that LKQ Co. will post 3.43 EPS for the current fiscal year.

LKQ Announces Dividend

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 $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend is Thursday, November 14th. LKQ’s dividend payout ratio (DPR) is presently 44.78%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of LKQ. Synovus Financial Corp increased its holdings in shares of LKQ by 11.6% during the third quarter. Synovus Financial Corp now owns 15,235 shares of the auto parts company’s stock worth $608,000 after buying an additional 1,588 shares in the last quarter. Tidal Investments LLC increased its holdings in LKQ by 3.0% during the 3rd quarter. Tidal Investments LLC now owns 32,995 shares of the auto parts company’s stock valued at $1,317,000 after purchasing an additional 947 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in LKQ in the 3rd quarter valued at $81,000. Sanctuary Advisors LLC boosted its stake in LKQ by 22.3% in the third quarter. Sanctuary Advisors LLC now owns 33,725 shares of the auto parts company’s stock worth $1,298,000 after purchasing an additional 6,143 shares in the last quarter. Finally, Virtu Financial LLC grew its holdings in shares of LKQ by 226.3% during the third quarter. Virtu Financial LLC now owns 22,363 shares of the auto parts company’s stock worth $893,000 after purchasing an additional 15,509 shares during the last quarter. 95.63% of the stock is currently 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.