Brokerages Set LKQ Co. (NASDAQ:LKQ) Target Price at $63.80

Shares of LKQ Co. (NASDAQ:LKQ) have been assigned a consensus rating of “Buy” from the five ratings firms that are currently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a buy rating. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $61.60.

Several research analysts have commented on LKQ shares. JPMorgan Chase & Co. reduced their price objective on LKQ from $65.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, January 25th. Barrington Research restated an “outperform” rating and set a $60.00 price objective on shares of LKQ in a report on Friday, April 19th. Stifel Nicolaus restated a “buy” rating and set a $66.00 price objective on shares of LKQ in a report on Tuesday, April 9th. Roth Mkm reaffirmed a “buy” rating and set a $65.00 target price on shares of LKQ in a research report on Tuesday. Finally, StockNews.com downgraded LKQ from a “buy” rating to a “hold” rating in a report on Friday, February 23rd.

Insider Buying and Selling at LKQ

In other news, CEO Dominick P. Zarcone sold 200,000 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $51.97, for a total value of $10,394,000.00. Following the completion of the transaction, the chief executive officer now owns 386,522 shares of the company’s stock, valued at approximately $20,087,548.34. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.55% of the company’s stock.

Hedge Funds Weigh In On LKQ

Large investors have recently bought and sold shares of the business. CVA Family Office LLC acquired a new position in LKQ in the 4th quarter worth about $26,000. OFI Invest Asset Management acquired a new position in LKQ in the 3rd quarter worth about $26,000. Private Trust Co. NA raised its holdings in LKQ by 228.4% in the 4th quarter. Private Trust Co. NA now owns 647 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 450 shares during the period. Headinvest LLC acquired a new position in LKQ in the 3rd quarter worth about $34,000. Finally, NBC Securities Inc. acquired a new position in shares of LKQ during the third quarter valued at approximately $34,000. Institutional investors and hedge funds own 95.63% of the company’s stock.

LKQ Price Performance

NASDAQ:LKQ opened at $42.92 on Tuesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.70 and a quick ratio of 0.53. The business has a 50 day simple moving average of $50.97 and a 200-day simple moving average of $48.27. LKQ has a 1 year low of $41.30 and a 1 year high of $59.38. The firm has a market capitalization of $11.45 billion, a price-to-earnings ratio of 14.02 and a beta of 1.28.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings results on Tuesday, April 23rd. The auto parts company reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.13). LKQ had a return on equity of 15.94% and a net margin of 5.79%. The business had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.76 billion. During the same quarter in the previous year, the company posted $1.04 earnings per share. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. Equities analysts forecast that LKQ will post 4.07 EPS for the current year.

LKQ Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th will be paid a dividend of $0.30 per share. The ex-dividend date is Wednesday, May 15th. This represents a $1.20 annualized dividend and a yield of 2.80%. LKQ’s payout ratio is presently 38.96%.

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.