LKQ (NASDAQ:LKQ) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of LKQ (NASDAQ:LKQ) from a buy rating to a hold rating in a report published on Saturday.

Several other research analysts also recently issued reports on the stock. Zacks Research upgraded shares of LKQ from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of LKQ in a research report on Monday, December 29th. Stephens initiated coverage on LKQ in a research note on Tuesday, December 9th. They set an “overweight” rating and a $39.00 target price on the stock. Roth Capital reaffirmed a “buy” rating and set a $43.00 price target (down from $46.00) on shares of LKQ in a report on Monday, November 3rd. Finally, Barclays assumed coverage on LKQ in a research report on Tuesday, November 11th. They set an “equal weight” rating and a $33.00 price objective on the stock. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, LKQ has an average rating of “Moderate Buy” and an average target price of $44.33.

LKQ Trading Down 0.6%

LKQ stock opened at $33.20 on Friday. LKQ has a 12 month low of $28.13 and a 12 month high of $44.82. The company has a market capitalization of $8.50 billion, a price-to-earnings ratio of 12.30 and a beta of 0.91. The business’s fifty day simple moving average is $30.29 and its two-hundred day simple moving average is $31.63. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 0.55.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings results on Thursday, October 30th. The auto parts company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.10. LKQ had a return on equity of 13.45% and a net margin of 4.99%.The firm had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.54 billion. During the same quarter in the previous year, the firm earned $0.88 EPS. LKQ’s quarterly revenue was up 1.3% compared to the same quarter last year. LKQ has set its FY 2025 guidance at 3.000-3.150 EPS. As a group, equities analysts predict that LKQ will post 3.57 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Thursday, November 20th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Thursday, November 20th. LKQ’s dividend payout ratio is 44.44%.

Institutional Investors Weigh In On LKQ

Several hedge funds and other institutional investors have recently made changes to their positions in LKQ. Rossby Financial LCC lifted its stake in shares of LKQ by 159.4% in the 3rd quarter. Rossby Financial LCC now owns 882 shares of the auto parts company’s stock worth $27,000 after purchasing an additional 542 shares during the period. Heartwood Wealth Advisors LLC purchased a new stake in LKQ during the third quarter valued at approximately $31,000. Thurston Springer Miller Herd & Titak Inc. raised its position in LKQ by 226.4% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,100 shares of the auto parts company’s stock worth $41,000 after acquiring an additional 763 shares during the period. Rothschild Investment LLC boosted its stake in shares of LKQ by 830.7% during the 3rd quarter. Rothschild Investment LLC now owns 1,424 shares of the auto parts company’s stock worth $43,000 after acquiring an additional 1,271 shares during the last quarter. Finally, Quent Capital LLC purchased a new position in shares of LKQ during the 3rd quarter worth $75,000. Hedge funds and other institutional investors own 95.63% of the company’s stock.

LKQ Company Profile

LKQ Corporation is a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles. The company supplies a broad range of replacement components, including recycled original equipment manufacturer (OEM) parts, aftermarket parts, refurbished and remanufactured items. Its products support collision repair, mechanical repair and performance enhancement needs across passenger cars, heavy trucks and recreational vehicles.

Through a combination of in-house operations and strategic acquisitions, LKQ has developed a comprehensive product portfolio that extends beyond core replacement parts.