LKQ (NASDAQ:LKQ) Receives “Buy” Rating from Roth Mkm

Roth Mkm reiterated their buy rating on shares of LKQ (NASDAQ:LKQ) in a research report released on Thursday morning, Benzinga reports. The brokerage currently has a $65.00 target price on the auto parts company’s stock.

A number of other research analysts have also recently weighed in on LKQ. Stifel Nicolaus restated a buy rating and set a $66.00 target price on shares of LKQ in a research note on Tuesday, April 9th. Robert W. Baird cut their price target on shares of LKQ from $58.00 to $54.00 and set an outperform rating on the stock in a report on Wednesday, April 24th. Finally, Barrington Research restated an outperform rating and set a $60.00 price objective on shares of LKQ in a report on Thursday. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $61.60.

LKQ Price Performance

Shares of LKQ stock opened at $38.95 on Thursday. The business has a 50 day moving average of $42.65 and a 200 day moving average of $46.64. LKQ has a 52 week low of $35.57 and a 52 week high of $57.73. The company has a market cap of $10.39 billion, a PE ratio of 12.65 and a beta of 1.29. The company has a quick ratio of 0.68, a current ratio of 1.70 and a debt-to-equity ratio of 0.67.

LKQ (NASDAQ:LKQ) last released its quarterly earnings results on Thursday, July 25th. The auto parts company reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.05). The firm had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.87 billion. LKQ had a net margin of 5.79% and a return on equity of 15.94%. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.09 earnings per share. As a group, equities research analysts forecast that LKQ will post 3.94 earnings per share for the current year.

LKQ Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.08%. The ex-dividend date is Thursday, August 15th. LKQ’s dividend payout ratio is presently 38.96%.

Insider Activity

In other news, Director Xavier Urbain sold 867 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $44.50, for a total value of $38,581.50. Following the completion of the transaction, the director now owns 15,606 shares of the company’s stock, valued at approximately $694,467. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.55% of the company’s stock.

Institutional Trading of LKQ

A number of hedge funds have recently added to or reduced their stakes in LKQ. Vanguard Group Inc. boosted its stake in shares of LKQ by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 30,897,480 shares of the auto parts company’s stock worth $1,650,234,000 after acquiring an additional 656,883 shares in the last quarter. Wellington Management Group LLP grew its holdings in LKQ by 9.5% in the fourth quarter. Wellington Management Group LLP now owns 11,307,753 shares of the auto parts company’s stock valued at $540,398,000 after purchasing an additional 977,585 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of LKQ by 5.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 11,251,102 shares of the auto parts company’s stock valued at $537,690,000 after buying an additional 626,010 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of LKQ by 1.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 9,113,931 shares of the auto parts company’s stock worth $486,775,000 after buying an additional 111,124 shares during the period. Finally, Boston Partners lifted its position in shares of LKQ by 9.5% during the 1st quarter. Boston Partners now owns 8,220,571 shares of the auto parts company’s stock valued at $438,108,000 after buying an additional 712,698 shares in the last quarter. 95.63% of the stock is owned by hedge funds and other institutional investors.

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.