LKQ Co. (NASDAQ:LKQ - Get Free Report) shares reached a new 52-week low on Thursday . The stock traded as low as $41.07 and last traded at $41.09, with a volume of 35019 shares traded. The stock had previously closed at $41.70.
Analysts Set New Price Targets
A number of brokerages recently commented on LKQ. StockNews.com cut shares of LKQ from a "buy" rating to a "hold" rating in a research note on Friday, February 23rd. Robert W. Baird cut their price target on LKQ from $58.00 to $54.00 and set an "outperform" rating for the company in a report on Wednesday, April 24th. Barrington Research reissued an "outperform" rating and set a $60.00 price objective on shares of LKQ in a report on Friday, April 19th. Stifel Nicolaus reaffirmed a "buy" rating and set a $66.00 target price on shares of LKQ in a report on Tuesday, April 9th. Finally, Roth Mkm reissued a "buy" rating and issued a $65.00 price target on shares of LKQ in a report on Tuesday, April 23rd. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $61.60.
Get Our Latest Research Report on LKQ
LKQ Stock Down 1.1 %
The company has a fifty day moving average price of $44.96 and a 200 day moving average price of $47.47. The company has a market cap of $11.00 billion, a PE ratio of 13.39 and a beta of 1.28. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.70 and a quick ratio of 0.68.
LKQ (NASDAQ:LKQ - Get Free Report) last issued its quarterly earnings results on Tuesday, April 23rd. The auto parts company reported $0.82 EPS for the quarter, missing analysts' consensus estimates of $0.95 by ($0.13). LKQ had a return on equity of 15.94% and a net margin of 5.79%. The company had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the previous year, the company earned $1.04 EPS. LKQ's quarterly revenue was up 10.6% on a year-over-year basis. As a group, analysts anticipate that LKQ Co. will post 3.92 EPS for the current year.
LKQ Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th were given a dividend of $0.30 per share. The ex-dividend date was Wednesday, May 15th. This represents a $1.20 annualized dividend and a dividend yield of 2.91%. LKQ's dividend payout ratio (DPR) is presently 38.96%.
Insider Buying and Selling
In other LKQ news, Director Xavier Urbain sold 867 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $44.50, for a total transaction of $38,581.50. Following the transaction, the director now directly owns 15,606 shares in the company, valued at $694,467. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.45% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of LKQ. Norges Bank bought a new position in shares of LKQ during the fourth quarter valued at about $159,324,000. Boston Partners raised its holdings in shares of LKQ by 22.0% during the fourth quarter. Boston Partners now owns 7,507,873 shares of the auto parts company's stock valued at $358,848,000 after acquiring an additional 1,351,389 shares in the last quarter. Morgan Stanley lifted its stake in LKQ by 13.7% in the third quarter. Morgan Stanley now owns 9,907,659 shares of the auto parts company's stock worth $490,528,000 after acquiring an additional 1,195,122 shares during the period. Cooke & Bieler LP boosted its holdings in LKQ by 95.1% in the fourth quarter. Cooke & Bieler LP now owns 2,403,053 shares of the auto parts company's stock valued at $114,842,000 after acquiring an additional 1,171,225 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in LKQ by 9.5% during the 4th 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. 95.63% of the stock is owned by institutional investors.
About LKQ
(Get Free Report)
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.
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