LKQ (NASDAQ:LKQ) Stock Price Up 0.2% – Still a Buy?

LKQ Co. (NASDAQ:LKQ) rose 0.2% on Friday . The company traded as high as $39.41 and last traded at $39.22. Approximately 236,156 shares traded hands during trading, a decline of 88% from the average daily volume of 1,933,702 shares. The stock had previously closed at $39.13.

Wall Street Analyst Weigh In

LKQ has been the topic of a number of recent analyst reports. Barrington Research reissued an “outperform” rating and set a $60.00 target price on shares of LKQ in a report on Friday, October 25th. Roth Mkm reaffirmed a “buy” rating and set a $59.00 target price on shares of LKQ in a report on Thursday, September 12th. StockNews.com upgraded shares of LKQ from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. JPMorgan Chase & Co. boosted their price objective on LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a report on Thursday, September 12th. Finally, Stifel Nicolaus lowered their target price on LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $53.80.

LKQ Price Performance

The company has a quick ratio of 0.67, a current ratio of 1.72 and a debt-to-equity ratio of 0.69. The company’s fifty day moving average price is $38.64 and its 200 day moving average price is $40.68. The company has a market capitalization of $10.21 billion, a P/E ratio of 14.63 and a beta of 1.29.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings data 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. The firm had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.65 billion. LKQ had a return on equity of 15.15% and a net margin of 4.90%. The company’s quarterly revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.86 EPS. As a group, sell-side analysts forecast that LKQ Co. will post 3.43 EPS for the current year.

LKQ Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend was Thursday, November 14th. LKQ’s dividend payout ratio is currently 44.78%.

Institutional Trading of LKQ

A number of institutional investors and hedge funds have recently made changes to their positions in LKQ. Catalyst Capital Advisors LLC bought a new stake in LKQ during the third quarter worth $25,000. Rothschild Investment LLC acquired a new position in shares of LKQ during the 2nd quarter worth $33,000. Allworth Financial LP lifted its position in shares of LKQ by 94.2% during the 3rd quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company’s stock worth $40,000 after buying an additional 490 shares during the last quarter. Bruce G. Allen Investments LLC boosted its stake in LKQ by 33.5% in the third quarter. Bruce G. Allen Investments LLC now owns 1,151 shares of the auto parts company’s stock valued at $46,000 after buying an additional 289 shares in the last quarter. Finally, Banque Cantonale Vaudoise grew its position in LKQ by 29.8% in the second quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company’s stock valued at $50,000 after acquiring an additional 278 shares during the last quarter. 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.