LKQ (NASDAQ:LKQ) Stock Price Down 0.1% – Here’s What Happened

LKQ Co. (NASDAQ:LKQ) shares fell 0.1% during mid-day trading on Tuesday . The stock traded as low as $36.74 and last traded at $37.07. 224,763 shares were traded during trading, a decline of 88% from the average session volume of 1,953,715 shares. The stock had previously closed at $37.12.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on LKQ shares. Barrington Research reaffirmed an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a report on Friday, October 25th. Roth Mkm reaffirmed a “buy” rating and set a $59.00 price target on shares of LKQ in a report on Thursday, September 12th. StockNews.com raised LKQ from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Stifel Nicolaus cut 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. Finally, JPMorgan Chase & Co. boosted their price target on LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a research report on Thursday, September 12th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $53.80.

LKQ Stock Performance

The stock has a market cap of $9.56 billion, a P/E ratio of 13.83 and a beta of 1.29. The company has a fifty day moving average of $38.44 and a 200 day moving average of $40.24. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.72 and a quick ratio of 0.67.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.01. The company had revenue of $3.58 billion for 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 firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same period last year, the firm earned $0.86 EPS. On average, equities analysts predict that LKQ Co. will post 3.43 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date was Thursday, November 14th. LKQ’s payout ratio is 44.78%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Massachusetts Financial Services Co. MA boosted its stake in shares of LKQ by 0.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 11,977,708 shares of the auto parts company’s stock worth $478,150,000 after acquiring an additional 33,212 shares in the last quarter. State Street Corp lifted its holdings in shares of LKQ by 1.2% during the third quarter. State Street Corp now owns 11,449,166 shares of the auto parts company’s stock valued at $457,051,000 after purchasing an additional 134,176 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of LKQ by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 6,542,740 shares of the auto parts company’s stock valued at $260,330,000 after purchasing an additional 21,161 shares during the period. FMR LLC increased its stake in LKQ by 7.3% in the 3rd quarter. FMR LLC now owns 6,020,689 shares of the auto parts company’s stock worth $240,346,000 after purchasing an additional 411,390 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in LKQ by 6.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,398,538 shares of the auto parts company’s stock worth $182,936,000 after purchasing an additional 253,639 shares in the last quarter. Institutional investors own 95.63% of the company’s stock.

About LKQ

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.