LKQ Corporation (NASDAQ:LKQ) Receives $52.60 Average Price Target from Analysts

Shares of LKQ Corporation (NASDAQ:LKQ - Get Free Report) have received a consensus recommendation of "Buy" from the five ratings firms that are currently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy rating. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $52.60.

LKQ has been the subject of several recent analyst reports. Wall Street Zen cut shares of LKQ from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Barrington Research reiterated an "outperform" rating and set a $60.00 price target on shares of LKQ in a research report on Monday, April 21st.

Insider Buying and Selling at LKQ

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

Hedge Funds Weigh In On LKQ

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd purchased a new position in shares of LKQ in the 1st quarter worth about $30,000. Banque Cantonale Vaudoise purchased a new position in LKQ in the first quarter valued at approximately $40,000. UMB Bank n.a. lifted its position in 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 in the last quarter. Horizon Financial Services LLC purchased a new stake in LKQ during the first quarter worth approximately $42,000. Finally, Bruce G. Allen Investments LLC increased its position in shares of LKQ by 299.6% in the first quarter. Bruce G. Allen Investments LLC now owns 1,135 shares of the auto parts company's stock worth $48,000 after acquiring an additional 851 shares in the last quarter. Institutional investors and hedge funds own 95.63% of the company's stock.

LKQ Stock Performance

Shares of LKQ stock traded down $0.71 during trading hours on Friday, reaching $36.94. 3,286,024 shares of the company's stock were exchanged, compared to its average volume of 2,307,773. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.52 and a quick ratio of 0.56. The company's 50 day moving average is $39.66 and its two-hundred day moving average is $39.48. The company has a market cap of $9.54 billion, a P/E ratio of 13.78 and a beta of 0.98. LKQ has a 1 year low of $35.56 and a 1 year high of $46.64.

LKQ (NASDAQ:LKQ - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The auto parts company reported $0.79 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.79. LKQ had a return on equity of 14.66% and a net margin of 4.97%. The firm had revenue of $3.46 billion during the quarter, compared to analysts' expectations of $3.58 billion. During the same quarter in the prior year, the business posted $0.82 earnings per share. LKQ's revenue was down 6.5% compared to the same quarter last year. Equities research analysts anticipate that LKQ will post 3.57 EPS for the current fiscal year.

LKQ Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.20 annualized dividend and a yield of 3.25%. LKQ's dividend payout ratio (DPR) is currently 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.