Analysts Set LKQ Co. (NASDAQ:LKQ) Price Target at $52.60

LKQ Co. (NASDAQ:LKQ - Get Free Report) has been assigned an average rating of "Buy" from the five analysts that are currently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokers that have covered the stock in the last year is $52.60.

A number of research analysts recently weighed in on the company. Wall Street Zen downgraded LKQ from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Barrington Research restated an "outperform" rating and set a $60.00 price objective on shares of LKQ in a research report on Monday, April 21st. Finally, JPMorgan Chase & Co. upped their price target on LKQ from $48.00 to $49.00 and gave the company an "overweight" rating in a research report on Friday, February 21st.

Insider Buying and Selling

In other news, Director Dominick P. Zarcone sold 15,000 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $42.15, for a total value of $632,250.00. Following the transaction, the director now directly owns 321,135 shares of the company's stock, valued at $13,535,840.25. The trade was a 4.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Justin L. Jude acquired 2,708 shares of the company's stock in a transaction dated Friday, April 25th. The stock was acquired at an average cost of $36.99 per share, for a total transaction of $100,168.92. Following the completion of the purchase, the chief executive officer now directly owns 280,777 shares in the company, valued at $10,385,941.23. This trade represents a 0.97% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 35,000 shares of company stock valued at $1,457,150. Insiders own 0.55% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cromwell Holdings LLC lifted its stake in shares of LKQ by 81.0% in the 4th quarter. Cromwell Holdings LLC now owns 742 shares of the auto parts company's stock valued at $27,000 after purchasing an additional 332 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in LKQ during the 1st quarter worth approximately $30,000. Banque Cantonale Vaudoise acquired a new position in LKQ during the 1st quarter worth approximately $40,000. UMB Bank n.a. raised its stake in LKQ by 104.8% during the 1st quarter. UMB Bank n.a. now owns 977 shares of the auto parts company's stock worth $42,000 after buying an additional 500 shares during the period. Finally, Horizon Financial Services LLC acquired a new position in LKQ during the 1st quarter worth approximately $42,000. 95.63% of the stock is owned by institutional investors and hedge funds.

LKQ Stock Performance

NASDAQ LKQ traded up $0.30 during trading hours on Wednesday, hitting $40.58. The company had a trading volume of 5,871,315 shares, compared to its average volume of 2,286,728. The firm has a market cap of $10.48 billion, a P/E ratio of 15.49 and a beta of 0.98. The company has a quick ratio of 0.67, a current ratio of 1.71 and a debt-to-equity ratio of 0.68. LKQ has a fifty-two week low of $35.56 and a fifty-two week high of $46.64. The business has a fifty day simple moving average of $40.71 and a 200-day simple moving average of $39.54.

LKQ (NASDAQ:LKQ - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The auto parts company reported $0.79 earnings per share for the quarter, meeting analysts' consensus estimates of $0.79. LKQ had a return on equity of 14.93% and a net margin of 4.81%. The business had revenue of $3.46 billion during the quarter, compared to analyst estimates of $3.58 billion. During the same quarter last year, the company posted $0.82 EPS. LKQ's revenue for the quarter was down 6.5% on a year-over-year basis. Equities analysts predict that LKQ will post 3.57 EPS for the current year.

LKQ Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th were given a $0.30 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.96%. LKQ's payout ratio is 44.78%.

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.