LKQ Co. (NASDAQ:LKQ) Receives $63.80 Consensus Price Target from Brokerages

Shares of LKQ Co. (NASDAQ:LKQ) have earned a consensus rating of “Buy” from the five ratings firms that are presently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a buy rating. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $61.60.

LKQ has been the topic of a number of research reports. Barrington Research reissued an “outperform” rating and set a $60.00 price target on shares of LKQ in a report on Friday, April 19th. StockNews.com lowered LKQ from a “buy” rating to a “hold” rating in a report on Friday, February 23rd. JPMorgan Chase & Co. lowered their price objective on LKQ from $65.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, January 25th. Robert W. Baird lowered their price objective on LKQ from $58.00 to $54.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $65.00 price objective on shares of LKQ in a report on Tuesday.

Insider Activity

In other news, CEO Dominick P. Zarcone sold 200,000 shares of LKQ stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $51.97, for a total transaction of $10,394,000.00. Following the completion of the sale, the chief executive officer now directly owns 386,522 shares in the company, valued at approximately $20,087,548.34. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.55% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of LKQ. Czech National Bank grew its stake in LKQ by 0.5% in the 1st quarter. Czech National Bank now owns 47,084 shares of the auto parts company’s stock worth $2,515,000 after acquiring an additional 216 shares during the period. Benjamin F. Edwards & Company Inc. grew its stake in shares of LKQ by 40.8% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 777 shares of the auto parts company’s stock valued at $37,000 after buying an additional 225 shares during the period. Jacobi Capital Management LLC grew its stake in shares of LKQ by 1.4% during the 3rd quarter. Jacobi Capital Management LLC now owns 17,470 shares of the auto parts company’s stock valued at $865,000 after buying an additional 239 shares during the period. Evergreen Wealth Solutions LLC grew its stake in shares of LKQ by 4.9% during the 4th quarter. Evergreen Wealth Solutions LLC now owns 5,229 shares of the auto parts company’s stock valued at $250,000 after buying an additional 244 shares during the period. Finally, Blue Trust Inc. grew its stake in shares of LKQ by 30.8% during the 4th quarter. Blue Trust Inc. now owns 1,103 shares of the auto parts company’s stock valued at $55,000 after buying an additional 260 shares during the period. 95.63% of the stock is currently owned by institutional investors and hedge funds.

LKQ Stock Performance

Shares of LKQ stock opened at $42.92 on Tuesday. The stock’s 50-day moving average is $50.97 and its two-hundred day moving average is $48.27. The firm has a market cap of $11.45 billion, a price-to-earnings ratio of 14.02 and a beta of 1.28. LKQ has a 1 year low of $41.30 and a 1 year high of $59.38. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.53 and a current ratio of 1.70.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings data on Tuesday, April 23rd. The auto parts company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.13). LKQ had a return on equity of 15.94% and a net margin of 5.79%. The firm had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same period in the previous year, the business posted $1.04 EPS. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. Analysts predict that LKQ will post 4.07 earnings per share for the current year.

LKQ Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.80%. LKQ’s payout ratio is 38.96%.

About LKQ

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.