LKQ (NASDAQ:LKQ) Director Purchases $201,091.35 in Stock

LKQ Corporation (NASDAQ:LKQ) Director Sue Gove acquired 9,795 shares of the firm’s stock in a transaction dated Wednesday, November 4th. The shares were purchased at an average cost of $20.53 per share, for a total transaction of $201,091.35. Following the completion of the acquisition, the director directly owned 20,793 shares in the company, valued at approximately $426,880.29. This represents a 89.06% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

LKQ Price Performance

NASDAQ LKQ opened at $20.05 on Monday. The stock has a 50 day moving average price of $22.22 and a 200-day moving average price of $26.89. LKQ Corporation has a one year low of $16.85 and a one year high of $37.13. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.67 and a current ratio of 1.75. The company has a market capitalization of $5.06 billion, a P/E ratio of 20.05 and a beta of 0.87.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings results on Thursday, October 29th. The auto parts company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.08). The business had revenue of $3.32 billion during the quarter, compared to the consensus estimate of $3.36 billion. LKQ had a return on equity of 9.57% and a net margin of 1.89%. The company’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.84 EPS. As a group, equities analysts predict that LKQ Corporation will post 2.21 EPS for the current fiscal year.

LKQ Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Thursday, November 19th will be issued a $0.30 dividend. The ex-dividend date is Thursday, November 19th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.0%. LKQ’s payout ratio is 120.00%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on LKQ shares. Raymond James Financial set a $30.00 price target on shares of LKQ in a report on Friday, July 31st. Zacks Research cut LKQ from a “hold” rating to a “strong sell” rating in a research note on Monday, August 3rd. Barrington Research cut LKQ from an “outperform” rating to a “market perform” rating in a research note on Friday, October 23rd. JPMorgan Chase & Co. decreased their price objective on LKQ from $22.00 to $20.00 and set an “overweight” rating on the stock in a research report on Friday, October 30th. Finally, Stephens lowered their price objective on LKQ from $39.00 to $36.50 and set an “overweight” rating for the company in a research note on Tuesday, July 21st. Five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $26.07.

Hedge Funds Weigh In On LKQ

Several hedge funds have recently bought and sold shares of the business. Root Financial Partners LLC raised its stake in LKQ by 142.4% in the first quarter. Root Financial Partners LLC now owns 1,217 shares of the auto parts company’s stock worth $36,000 after buying an additional 715 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in LKQ by 8.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 12,275 shares of the auto parts company’s stock valued at $280,000 after acquiring an additional 911 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in shares of LKQ in the 2nd quarter valued at $25,000. Cedar Mountain Advisors LLC purchased a new position in shares of LKQ in the 1st quarter valued at $28,000. Finally, Global Retirement Partners LLC bought a new position in shares of LKQ in the 2nd quarter worth $25,000. Institutional investors own 95.63% of the company’s stock.

About LKQ

LKQ Corporation (NASDAQ: LKQ) distributes replacement parts, components and related products for vehicle repair and maintenance. Its offerings include recycled and refurbished parts, aftermarket products and original equipment manufacturer (OEM) parts, serving collision repair shops, mechanical repair businesses and other customers.

The company also supplies specialty automotive parts and accessories, including products for vehicle customization and performance. LKQ operates across North America and Europe, as well as in Taiwan.

Founded in 1998, LKQ grew through acquisitions and expanded from its North American roots into international markets.