LKQ (NASDAQ:LKQ) Raised to Strong-Buy at StockNews.com

StockNews.com upgraded shares of LKQ (NASDAQ:LKQGet Rating) from a buy rating to a strong-buy rating in a report issued on Monday morning.

A number of other research firms also recently weighed in on LKQ. Raymond James lowered their price target on LKQ from $62.00 to $59.00 in a research report on Monday, April 11th. Barrington Research upgraded LKQ from a market perform rating to an outperform rating in a report on Thursday, April 28th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, LKQ has a consensus rating of Buy and a consensus target price of $62.20.

LKQ stock opened at $50.29 on Monday. LKQ has a one year low of $42.36 and a one year high of $60.43. The business has a fifty day moving average price of $46.64 and a 200-day moving average price of $53.00. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.96 and a quick ratio of 0.76. The firm has a market capitalization of $14.33 billion, a P/E ratio of 13.48 and a beta of 1.64.

LKQ (NASDAQ:LKQGet Rating) last posted its quarterly earnings results on Thursday, April 28th. The auto parts company reported $1.00 EPS for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.09. LKQ had a return on equity of 20.14% and a net margin of 8.28%. The firm had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.29 billion. During the same period last year, the company earned $0.94 earnings per share. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. Sell-side analysts expect that LKQ will post 3.93 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 2nd. Shareholders of record on Thursday, May 19th will be given a dividend of $0.25 per share. The ex-dividend date is Wednesday, May 18th. This represents a $1.00 annualized dividend and a yield of 1.99%. LKQ’s payout ratio is 26.81%.

Institutional investors have recently bought and sold shares of the business. Toronto Dominion Bank boosted its position in LKQ by 15.4% during the 4th quarter. Toronto Dominion Bank now owns 159,189 shares of the auto parts company’s stock valued at $9,556,000 after acquiring an additional 21,235 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of LKQ by 25.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 290,023 shares of the auto parts company’s stock worth $17,410,000 after purchasing an additional 59,522 shares in the last quarter. Segall Bryant & Hamill LLC boosted its position in shares of LKQ by 6.5% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 230,703 shares of the auto parts company’s stock worth $11,603,000 after purchasing an additional 14,051 shares in the last quarter. Berkshire Asset Management LLC PA bought a new stake in shares of LKQ in the 3rd quarter worth approximately $201,000. Finally, Studio Investment Management LLC bought a new stake in shares of LKQ in the 3rd quarter worth approximately $482,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

LKQ Company Profile (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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