LKQ (NASDAQ:LKQ) Stock Price Down 1% – What’s Next?

LKQ Co. (NASDAQ:LKQ) traded down 1% during trading on Friday . The company traded as low as $37.85 and last traded at $37.97. 249,102 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 1,954,507 shares. The stock had previously closed at $38.37.

Wall Street Analyst Weigh In

LKQ has been the subject of several recent analyst reports. Barrington Research reaffirmed an “outperform” rating and issued a $60.00 price target on shares of LKQ in a research report on Friday, October 25th. StockNews.com upgraded shares of LKQ from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. JPMorgan Chase & Co. lifted their target price on LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a report on Thursday, September 12th. 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 report on Friday, October 25th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $59.00 price target on shares of LKQ in a report on Thursday, September 12th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, LKQ presently has an average rating of “Buy” and an average target price of $53.80.

LKQ Stock Down 1.1 %

The company has a current ratio of 1.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.69. The stock has a market cap of $9.87 billion, a P/E ratio of 14.17 and a beta of 1.29. The company’s 50 day moving average price is $38.50 and its two-hundred day moving average price is $40.34.

LKQ (NASDAQ:LKQ) last released its earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.01. LKQ had a return on equity of 15.15% and a net margin of 4.90%. The company had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.65 billion. During the same period in the previous year, the business earned $0.86 earnings per share. LKQ’s quarterly revenue was up .4% compared to the same quarter last year. Equities analysts forecast that LKQ Co. will post 3.43 earnings per share for the current year.

LKQ Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.16%. The ex-dividend date was Thursday, November 14th. LKQ’s dividend payout ratio is currently 44.78%.

Hedge Funds Weigh In On LKQ

Several hedge funds have recently modified their holdings of LKQ. Catalyst Capital Advisors LLC purchased a new stake in LKQ in the 3rd quarter worth $25,000. Rothschild Investment LLC purchased a new position in LKQ during the 2nd quarter valued at approximately $33,000. Allworth Financial LP increased its stake in LKQ by 94.2% in the 3rd quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company’s stock worth $40,000 after acquiring an additional 490 shares during the last quarter. Bruce G. Allen Investments LLC boosted its position in shares of LKQ by 33.5% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,151 shares of the auto parts company’s stock valued at $46,000 after acquiring an additional 289 shares during the last quarter. Finally, Banque Cantonale Vaudoise raised its stake in LKQ by 29.8% during the second quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company’s stock valued at $50,000 after purchasing an additional 278 shares in the last quarter. Hedge funds and other institutional investors own 95.63% of the company’s stock.

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.