LKQ Corporation (NASDAQ:LKQ) Stock Now Rated “Hold” by Wall Street Analysts

LKQ Corporation (NASDAQ:LKQ) has received a consensus rating of “Hold” from the nine brokerages that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $26.07.

LKQ has been the subject of a number of analyst reports. Weiss Ratings lowered shares of LKQ from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday. Raymond James Financial set a $30.00 target price on shares of LKQ in a research report on Friday, July 31st. Zacks Research lowered shares of LKQ from a “hold” rating to a “strong sell” rating in a report on Monday, August 3rd. Stephens reduced their price target on shares of LKQ from $39.00 to $36.50 and set an “overweight” rating for the company in a research report on Tuesday, July 21st. Finally, Robert W. Baird decreased their price objective on shares of LKQ from $30.00 to $23.00 and set an “outperform” rating for the company in a research note on Monday, October 26th.

Insider Transactions at LKQ

In other LKQ news, Director Michael Scott Powell purchased 10,000 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The shares were purchased at an average cost of $19.15 per share, with a total value of $191,500.00. Following the completion of the transaction, the director owned 20,998 shares of the company’s stock, valued at approximately $402,111.70. This represents a 90.93% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Andrew C. Clarke acquired 21,800 shares of LKQ stock in a transaction that occurred on Friday, October 30th. The stock was acquired at an average cost of $18.35 per share, with a total value of $400,030.00. Following the completion of the purchase, the director owned 56,850 shares in the company, valued at approximately $1,043,197.50. This represents a 62.20% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 41,595 shares of company stock valued at $792,621 over the last quarter. Company insiders own 0.38% of the company’s stock.

Hedge Funds Weigh In On LKQ

A number of large investors have recently made changes to their positions in the business. Global Retirement Partners LLC acquired a new stake in shares of LKQ during the second quarter worth approximately $25,000. Northwestern Mutual Wealth Management Co. purchased a new stake in LKQ in the 2nd quarter worth approximately $25,000. Cedar Mountain Advisors LLC purchased a new position in shares of LKQ during the 1st quarter valued at $28,000. Essential Partners LLC purchased a new position in shares of LKQ during the 1st quarter valued at $30,000. Finally, Salomon & Ludwin LLC purchased a new position in shares of LKQ during the 3rd quarter valued at $61,000. Institutional investors and hedge funds own 95.63% of the company’s stock.

LKQ Trading Down 2.4%

Shares of NASDAQ LKQ traded down $0.49 during mid-day trading on Friday, hitting $20.05. 5,314,018 shares of the company traded hands, compared to its average volume of 6,027,310. LKQ has a 1 year low of $16.85 and a 1 year high of $37.13. The stock has a market capitalization of $5.06 billion, a price-to-earnings ratio of 20.05 and a beta of 0.87. The company has a quick ratio of 0.67, a current ratio of 1.75 and a debt-to-equity ratio of 0.58. The business has a 50 day moving average of $22.22 and a two-hundred day moving average of $26.89.

LKQ (NASDAQ:LKQ) last released its quarterly earnings results on Thursday, October 29th. The auto parts company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.08). The company had revenue of $3.32 billion during the quarter, compared to analyst estimates of $3.36 billion. LKQ had a net margin of 1.89% and a return on equity of 9.57%. The company’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.84 EPS. On average, sell-side analysts anticipate that LKQ will post 2.21 earnings per share for the current fiscal year.

LKQ Dividend Announcement

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 dividend payout ratio is presently 120.00%.

LKQ Company Profile

LKQ Corporation is a global distributor of automotive parts and accessories. The company supplies replacement parts, components and equipment to professional repair shops, collision-repair businesses, insurers, dealerships and other commercial customers. Its product offerings include recycled original-equipment parts, aftermarket parts, specialty vehicle products, tools and equipment.

LKQ’s operations include the procurement, dismantling and distribution of salvaged vehicles, allowing it to provide recycled engines, transmissions, body panels and other components.