LKQ (NASDAQ:LKQ) Lifted to Outperform at Barrington Research

Barrington Research upgraded shares of LKQ (NASDAQ:LKQGet Rating) from a market perform rating to an outperform rating in a report released on Thursday, Marketbeat Ratings reports.

LKQ has been the subject of several other research reports. Raymond James cut their price target on LKQ from $62.00 to $59.00 in a report on Monday, April 11th. StockNews.com downgraded LKQ from a strong-buy rating to a buy rating in a report on Wednesday, April 13th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, LKQ has a consensus rating of Buy and an average price target of $62.20.

NASDAQ LKQ opened at $49.63 on Thursday. The company has a market cap of $14.14 billion, a PE ratio of 13.56 and a beta of 1.64. The company has a current ratio of 1.96, a quick ratio of 0.76 and a debt-to-equity ratio of 0.48. LKQ has a 12 month low of $42.36 and a 12 month high of $60.43. The stock has a 50 day moving average of $46.60 and a 200-day moving average of $53.05.

LKQ (NASDAQ:LKQGet Rating) last released its quarterly earnings data on Thursday, April 28th. The auto parts company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.91 by $0.09. The company had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.29 billion. LKQ had a return on equity of 20.13% and a net margin of 8.33%. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.94 EPS. As a group, sell-side analysts predict that LKQ will post 3.91 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 2nd. Stockholders of record on Thursday, May 19th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date is Wednesday, May 18th. LKQ’s dividend payout ratio is currently 27.32%.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Morris Capital Advisors LLC lifted its holdings in shares of LKQ by 0.4% during the fourth quarter. Morris Capital Advisors LLC now owns 49,254 shares of the auto parts company’s stock worth $2,957,000 after buying an additional 184 shares in the last quarter. Column Capital Advisors LLC lifted its holdings in shares of LKQ by 13.2% during the fourth quarter. Column Capital Advisors LLC now owns 1,607 shares of the auto parts company’s stock worth $96,000 after buying an additional 187 shares in the last quarter. IndexIQ Advisors LLC increased its position in shares of LKQ by 5.2% in the third quarter. IndexIQ Advisors LLC now owns 4,500 shares of the auto parts company’s stock worth $226,000 after purchasing an additional 224 shares during the period. King Luther Capital Management Corp increased its position in shares of LKQ by 0.4% in the third quarter. King Luther Capital Management Corp now owns 68,325 shares of the auto parts company’s stock worth $3,438,000 after purchasing an additional 240 shares during the period. Finally, Daiwa Securities Group Inc. increased its position in shares of LKQ by 1.6% in the third quarter. Daiwa Securities Group Inc. now owns 15,668 shares of the auto parts company’s stock worth $788,000 after purchasing an additional 243 shares during the period. 93.59% of the stock is owned by institutional investors.

About LKQ (Get Rating)

LKQ Corporation distributes replacement parts, components, and systems used in the repair and maintenance of vehicles. It operates through three segments: North America, Europe, and Specialty. The company distributes bumper covers, automotive body panels, and lights, as well as automotive glass products, such as windshields; 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.

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