LKQ (NASDAQ:LKQ) PT Lowered to $47.00 at Stifel Nicolaus

LKQ (NASDAQ:LKQ) had its target price cut by Stifel Nicolaus from $53.00 to $47.00 in a research note published on Friday morning, Benzinga reports. They currently have a buy rating on the auto parts company’s stock.

Several other equities research analysts also recently issued reports on LKQ. Roth Mkm reiterated a “buy” rating and set a $59.00 price target on shares of LKQ in a report on Thursday, September 12th. Barrington Research reiterated an “outperform” rating and set a $60.00 price target on shares of LKQ in a report on Wednesday, September 18th. StockNews.com downgraded LKQ from a “buy” rating to a “hold” rating in a report on Tuesday, September 17th. JPMorgan Chase & Co. upped their price target on LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a report on Thursday, September 12th. Finally, Robert W. Baird reduced their price objective on LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Friday. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $53.80.

LKQ Trading Down 0.3 %

NASDAQ LKQ opened at $37.55 on Friday. The company has a market cap of $10.02 billion, a price-to-earnings ratio of 12.19 and a beta of 1.28. LKQ has a 52 week low of $35.57 and a 52 week high of $53.68. The business has a 50 day moving average price of $40.02 and a 200-day moving average price of $41.86. The company has a quick ratio of 0.70, a current ratio of 1.75 and a debt-to-equity ratio of 0.69.

LKQ (NASDAQ:LKQ) last released its quarterly earnings data on Thursday, October 24th. The auto parts company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.87 by $0.01. LKQ had a return on equity of 15.33% and a net margin of 5.03%. The firm had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter in the previous year, the company posted $0.86 earnings per share. The company’s quarterly revenue was up .4% on a year-over-year basis. As a group, equities analysts expect that LKQ will post 3.54 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.20%. LKQ’s dividend payout ratio is presently 38.96%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Roubaix Capital LLC purchased a new stake in LKQ during the 3rd quarter worth about $1,931,000. Diversify Wealth Management LLC lifted its holdings in LKQ by 22.0% during the 3rd quarter. Diversify Wealth Management LLC now owns 9,929 shares of the auto parts company’s stock worth $375,000 after purchasing an additional 1,789 shares in the last quarter. GW Henssler & Associates Ltd. purchased a new stake in LKQ during the 3rd quarter worth about $209,000. Strategic Blueprint LLC purchased a new stake in LKQ during the 3rd quarter worth about $268,000. Finally, abrdn plc lifted its holdings in LKQ by 2.9% during the 3rd quarter. abrdn plc now owns 1,167,099 shares of the auto parts company’s stock worth $46,707,000 after purchasing an additional 32,947 shares in the last quarter. Hedge funds and other institutional investors own 95.63% of the company’s stock.

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.