LKQ Corporation (NASDAQ:LKQ) Receives Consensus Rating of "Buy" from Brokerages

Shares of LKQ Corporation (NASDAQ:LKQ - Get Free Report) have received an average recommendation of "Buy" from the five brokerages that are presently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a buy recommendation. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $51.40.

A number of equities research analysts have issued reports on the stock. Wall Street Zen lowered shares of LKQ from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Barrington Research reiterated an "outperform" rating and issued a $60.00 price target on shares of LKQ in a research note on Tuesday, July 22nd. Finally, Robert W. Baird reduced their price objective on shares of LKQ from $48.00 to $42.00 and set an "outperform" rating for the company in a research note on Friday, July 25th.

LKQ Price Performance

LKQ stock traded up $1.59 during midday trading on Monday, reaching $31.71. 4,303,012 shares of the stock were exchanged, compared to its average volume of 2,590,027. The company's fifty day moving average is $35.90 and its 200-day moving average is $38.89. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.69 and a current ratio of 1.81. The firm has a market cap of $8.16 billion, a PE ratio of 11.62 and a beta of 0.92. LKQ has a 52 week low of $28.92 and a 52 week high of $44.82.

LKQ (NASDAQ:LKQ - Get Free Report) last posted its earnings results on Thursday, July 24th. The auto parts company reported $0.87 earnings per share for the quarter, missing analysts' consensus estimates of $0.93 by ($0.06). LKQ had a return on equity of 13.85% and a net margin of 5.04%. The firm had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.62 billion. During the same period last year, the company posted $0.98 EPS. The business's revenue was down 1.6% on a year-over-year basis. On average, sell-side analysts forecast that LKQ will post 3.57 EPS for the current year.

LKQ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Thursday, August 14th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.8%. LKQ's dividend payout ratio (DPR) is presently 43.96%.

Hedge Funds Weigh In On LKQ

Institutional investors and hedge funds have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd bought a new stake in LKQ during the 1st quarter worth approximately $30,000. Banque Cantonale Vaudoise bought a new position in LKQ in the 1st quarter worth approximately $40,000. UMB Bank n.a. raised its position in shares of LKQ by 104.8% during the first quarter. UMB Bank n.a. now owns 977 shares of the auto parts company's stock valued at $42,000 after buying an additional 500 shares during the last quarter. Horizon Financial Services LLC purchased a new position in shares of LKQ in the first quarter worth $42,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of LKQ by 226.4% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,100 shares of the auto parts company's stock worth $41,000 after acquiring an additional 763 shares during the last quarter. Hedge funds and other 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.