Robert W. Baird Trims LKQ (NASDAQ:LKQ) Target Price to $54.00

LKQ (NASDAQ:LKQ - Free Report) had its price objective reduced by Robert W. Baird from $58.00 to $54.00 in a research note published on Wednesday morning, Benzinga reports. They currently have an outperform rating on the auto parts company's stock.

Several other equities analysts have also recently issued reports on LKQ. Stifel Nicolaus reiterated a buy rating and issued a $66.00 target price on shares of LKQ in a research note on Tuesday, April 9th. JPMorgan Chase & Co. decreased their price objective 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. StockNews.com lowered shares of LKQ from a buy rating to a hold rating in a research note on Friday, February 23rd. Barrington Research restated an outperform rating and issued a $60.00 price target on shares of LKQ in a research note on Friday, April 19th. Finally, Roth Mkm reiterated a buy rating and set a $65.00 price target on shares of LKQ in a research report on Tuesday. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of $61.60.

LKQ Stock Performance

LKQ stock traded up $1.63 during trading hours on Wednesday, hitting $43.28. 5,642,373 shares of the stock traded hands, compared to its average volume of 1,692,079. The firm's 50 day moving average price is $51.08 and its 200-day moving average price is $48.30. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.47 and a quick ratio of 0.53. The stock has a market capitalization of $11.55 billion, a price-to-earnings ratio of 12.29 and a beta of 1.28. LKQ has a 1 year low of $41.30 and a 1 year high of $59.38.

LKQ (NASDAQ:LKQ - Get Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The auto parts company reported $0.82 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.13). The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.76 billion. LKQ had a net margin of 6.75% and a return on equity of 17.24%. The business's revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.04 earnings per share. As a group, equities analysts expect that LKQ will post 4.07 EPS for the current fiscal year.

LKQ Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend is Wednesday, May 15th. LKQ's payout ratio is currently 34.29%.

Insider Activity

In other LKQ news, CEO Dominick P. Zarcone sold 200,000 shares of the business's 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 transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.45% of the company's stock.

Hedge Funds Weigh In On LKQ

Institutional investors have recently bought and sold shares of the company. Czech National Bank increased its stake in shares of LKQ by 0.5% during the first quarter. Czech National Bank now owns 47,084 shares of the auto parts company's stock worth $2,515,000 after buying an additional 216 shares during the period. Benjamin F. Edwards & Company Inc. boosted its position 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 worth $37,000 after acquiring an additional 225 shares in the last quarter. Jacobi Capital Management LLC increased its stake in LKQ by 1.4% in the third quarter. Jacobi Capital Management LLC now owns 17,470 shares of the auto parts company's stock valued at $865,000 after purchasing an additional 239 shares during the last quarter. Evergreen Wealth Solutions LLC grew its stake in LKQ by 4.9% during the 4th quarter. Evergreen Wealth Solutions LLC now owns 5,229 shares of the auto parts company's stock worth $250,000 after buying an additional 244 shares during the last quarter. Finally, Blue Trust Inc. grew its position in shares of LKQ by 30.8% during the fourth quarter. Blue Trust Inc. now owns 1,103 shares of the auto parts company's stock worth $55,000 after acquiring an additional 260 shares during the last quarter. 95.63% of the stock is owned by institutional investors and hedge funds.

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.