LKQ’s (LKQ) “Buy” Rating Reaffirmed at Roth Mkm

Roth Mkm reissued their buy rating on shares of LKQ (NASDAQ:LKQ) in a report published on Tuesday, Benzinga reports. Roth Mkm currently has a $65.00 price objective on the auto parts company’s stock.

A number of other equities analysts have also recently weighed in on LKQ. Barrington Research reissued an outperform rating and set a $60.00 price target on shares of LKQ in a research report on Friday, April 19th. JPMorgan Chase & Co. reduced their price target on shares of LKQ from $65.00 to $63.00 and set an overweight rating on the stock in a research report on Thursday, January 25th. StockNews.com cut shares of LKQ from a buy rating to a hold rating in a research report on Friday, February 23rd. Finally, Stifel Nicolaus reissued a buy rating and set a $66.00 price target on shares of LKQ in a research report on Tuesday, April 9th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus price target of $63.80.

LKQ Stock Performance

Shares of LKQ stock opened at $41.65 on Tuesday. The firm has a 50 day simple moving average of $51.21 and a 200 day simple moving average of $48.36. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.47 and a quick ratio of 0.53. LKQ has a fifty-two week low of $41.46 and a fifty-two week high of $59.38. The firm has a market cap of $11.11 billion, a P/E ratio of 11.90 and a beta of 1.28.

LKQ (NASDAQ:LKQ) last released its earnings results on Tuesday, April 23rd. The auto parts company reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.13). LKQ had a return on equity of 17.24% and a net margin of 6.75%. The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same period in the prior year, the firm posted $1.04 EPS. LKQ’s revenue was up 10.6% on a year-over-year basis. Sell-side analysts predict that LKQ will post 4.07 earnings per share for the current fiscal year.

LKQ Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.88%. LKQ’s payout ratio is 34.29%.

Insider Activity

In other news, CEO Dominick P. Zarcone sold 200,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $51.97, for a total value of $10,394,000.00. Following the completion of the transaction, the chief executive officer now owns 386,522 shares in the company, valued at approximately $20,087,548.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.55% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On LKQ

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in LKQ by 1.3% during the third quarter. Vanguard Group Inc. now owns 30,245,966 shares of the auto parts company’s stock worth $1,497,478,000 after purchasing an additional 382,054 shares during the period. Wellington Management Group LLP grew its holdings in LKQ by 9.5% during the fourth quarter. Wellington Management Group LLP now owns 11,307,753 shares of the auto parts company’s stock worth $540,398,000 after purchasing an additional 977,585 shares during the period. Massachusetts Financial Services Co. MA lifted its position in LKQ by 5.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 11,251,102 shares of the auto parts company’s stock worth $537,690,000 after acquiring an additional 626,010 shares during the last quarter. Morgan Stanley lifted its position in LKQ by 13.7% during the third quarter. Morgan Stanley now owns 9,907,659 shares of the auto parts company’s stock worth $490,528,000 after acquiring an additional 1,195,122 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in LKQ by 1.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 9,113,931 shares of the auto parts company’s stock worth $486,775,000 after acquiring an additional 111,124 shares during the last quarter. Institutional investors own 95.63% of the company’s stock.

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.