LKQ (NASDAQ:LKQ) Shares Down 0.1% – Time to Sell?

LKQ Co. (NASDAQ:LKQ) was down 0.1% during mid-day trading on Wednesday . The stock traded as low as $37.37 and last traded at $37.58. Approximately 172,708 shares traded hands during trading, a decline of 91% from the average daily volume of 1,931,351 shares. The stock had previously closed at $37.60.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Roth Mkm restated a “buy” rating and issued a $59.00 price objective on shares of LKQ in a research report on Thursday, September 12th. StockNews.com raised shares of LKQ from a “hold” rating to a “buy” rating in a report on Monday. Barrington Research reaffirmed an “outperform” rating and set a $60.00 price objective on shares of LKQ in a report on Friday, October 25th. JPMorgan Chase & Co. lifted their target price on LKQ from $54.00 to $55.00 and gave the company an “overweight” rating in a research note on Thursday, September 12th. Finally, Robert W. Baird cut their price target on LKQ from $50.00 to $48.00 and set an “outperform” 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 data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $53.80.

LKQ Trading Down 0.7 %

The business’s 50 day simple moving average is $38.87 and its 200-day simple moving average is $40.91. The stock has a market capitalization of $9.71 billion, a P/E ratio of 14.02 and a beta of 1.29. 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 announced its quarterly earnings data on Thursday, October 24th. The auto parts company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.01. LKQ had a return on equity of 15.15% and a net margin of 4.90%. The business had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.65 billion. During the same period in the previous year, the firm earned $0.86 earnings per share. The firm’s quarterly revenue was up .4% compared to the same quarter last year. As a group, analysts forecast that LKQ Co. will post 3.43 EPS for the current year.

LKQ Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Thursday, November 14th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend is Thursday, November 14th. LKQ’s payout ratio is 44.78%.

Hedge Funds Weigh In On LKQ

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