LKQ Co. (NASDAQ:LKQ) Receives $63.80 Consensus PT from Analysts

LKQ Co. (NASDAQ:LKQ - Get Free Report) has earned a consensus rating of "Buy" from the five analysts that are covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a buy rating. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $63.80.

LKQ has been the subject of a number of research analyst reports. Barrington Research reaffirmed an "outperform" rating and set a $60.00 price objective on shares of LKQ in a research report on Friday. StockNews.com cut shares of LKQ from a "buy" rating to a "hold" rating in a research report on Friday, February 23rd. Stifel Nicolaus reaffirmed a "buy" rating and set a $66.00 price objective on shares of LKQ in a research report on Tuesday, April 9th. JPMorgan Chase & Co. decreased their price target on shares of LKQ from $65.00 to $63.00 and set an "overweight" rating for the company in a research report on Thursday, January 25th. Finally, Roth Mkm reissued a "buy" rating and issued a $65.00 price target on shares of LKQ in a research report on Tuesday.

Insider Buying and Selling at LKQ

In other news, CEO Dominick P. Zarcone sold 200,000 shares of LKQ stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $51.97, for a total value of $10,394,000.00. Following the sale, the chief executive officer now owns 386,522 shares of the company's stock, valued at $20,087,548.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.45% of the stock is currently owned by company insiders.

Institutional Trading of LKQ

A number of institutional investors have recently added to or reduced their stakes in the stock. Amalgamated Bank boosted its holdings in LKQ by 8.6% during the first quarter. Amalgamated Bank now owns 72,424 shares of the auto parts company's stock worth $3,868,000 after buying an additional 5,730 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in LKQ by 9.6% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 70,712 shares of the auto parts company's stock worth $3,777,000 after purchasing an additional 6,212 shares during the last quarter. Raymond James & Associates increased its position in LKQ by 6.0% during the first quarter. Raymond James & Associates now owns 952,279 shares of the auto parts company's stock worth $50,861,000 after purchasing an additional 53,910 shares during the last quarter. Lawson Kroeker Investment Management Inc. NE grew its stake in LKQ by 54.0% during the first quarter. Lawson Kroeker Investment Management Inc. NE now owns 203,863 shares of the auto parts company's stock worth $10,888,000 after buying an additional 71,484 shares during the period. Finally, Berry Wealth Group LP purchased a new stake in LKQ during the first quarter worth approximately $209,000. Hedge funds and other institutional investors own 95.63% of the company's stock.

LKQ Price Performance

Shares of LKQ stock traded down $7.28 during mid-day trading on Tuesday, hitting $41.65. 9,654,821 shares of the stock were exchanged, compared to its average volume of 1,641,377. The firm has a fifty day moving average of $51.21 and a 200 day moving average of $48.36. The company has a quick ratio of 0.53, a current ratio of 1.47 and a debt-to-equity ratio of 0.59. LKQ has a 52-week low of $41.46 and a 52-week high of $59.38. The company has a market cap of $11.11 billion, a PE ratio of 11.90 and a beta of 1.28.

LKQ (NASDAQ:LKQ - Get Free Report) last posted its earnings results 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 17.24% and a net margin of 6.75%. 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 company earned $1.04 earnings per share. The company's revenue was up 10.6% compared to the same quarter last year. Research analysts anticipate that LKQ will post 4.07 earnings per share for the current year.

LKQ Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.88%. LKQ's dividend payout ratio is presently 34.29%.

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.