LKQ’s (LKQ) “Buy” Rating Reaffirmed at Roth Mkm

Roth Mkm reaffirmed their buy rating on shares of LKQ (NASDAQ:LKQ) in a report issued on Tuesday, Benzinga reports. Roth Mkm currently has a $65.00 price target on the auto parts company’s stock.

Other equities analysts also recently issued research reports about the stock. StockNews.com downgraded shares of LKQ from a buy rating to a hold rating in a report on Friday, February 23rd. JPMorgan Chase & Co. dropped their price objective on shares of LKQ from $65.00 to $63.00 and set an overweight rating on the stock in a report on Thursday, January 25th. Barrington Research reissued an outperform rating and issued a $60.00 price objective on shares of LKQ in a report on Friday, April 19th. Finally, 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. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $61.60.

LKQ Stock Up 1.7 %

NASDAQ:LKQ opened at $43.64 on Tuesday. The firm has a market cap of $11.64 billion, a P/E ratio of 14.17 and a beta of 1.28. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.53 and a current ratio of 1.70. LKQ has a fifty-two week low of $41.30 and a fifty-two week high of $59.38. The firm has a 50-day simple moving average of $50.85 and a two-hundred day simple moving average of $48.23.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings results on Tuesday, April 23rd. The auto parts company reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.13). The company had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.76 billion. LKQ had a net margin of 5.79% and a return on equity of 15.94%. The business’s revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.04 EPS. Analysts predict that LKQ will post 3.98 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The company also recently disclosed 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. This represents a $1.20 annualized dividend and a yield of 2.75%. The ex-dividend date is Wednesday, May 15th. LKQ’s payout ratio is 38.96%.

Insider Activity

In other news, CEO Dominick P. Zarcone sold 200,000 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $51.97, for a total transaction of $10,394,000.00. Following the completion of the sale, the chief executive officer now directly owns 386,522 shares of the company’s stock, valued at $20,087,548.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.55% of the company’s stock.

Institutional Trading of LKQ

Hedge funds have recently added to or reduced their stakes in the business. OFI Invest Asset Management bought a new stake in shares of LKQ in the 3rd quarter valued at about $26,000. CVA Family Office LLC purchased a new stake in LKQ during the fourth quarter valued at approximately $26,000. Private Trust Co. NA boosted its stake in LKQ by 228.4% in the fourth quarter. Private Trust Co. NA now owns 647 shares of the auto parts company’s stock valued at $31,000 after acquiring an additional 450 shares in the last quarter. NBC Securities Inc. acquired a new stake in LKQ in the third quarter valued at approximately $34,000. Finally, Headinvest LLC acquired a new stake in LKQ in the third quarter valued at approximately $34,000. 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.