Roth Mkm Reaffirms Buy Rating on LKQ (NASDAQ:LKQ)

Vaseline4 weeks ago

0 4 minutes read

Roth Mkm reissued their buy rating on the stock LKQ (NASDAQ:LKQ – Free Report) in a report issued Thursday morning, reports Benzinga. The brokerage currently has a $59.00 target price on the auto parts company’s stock.

A number of other analysts recently commented on the company. StockNews.com upgraded LKQ from a hold rating to a buy rating in a report on Monday, September 9th. Barrington Research restated an outperform rating and set a $60.00 target price on shares of LKQ in a research note on Thursday, July 25th. Robert W. Baird decreased their price objective on LKQ from $54.00 to $50.00 and set an outperform rating on the stock in a research note on Friday, July 26th. Finally, JPMorgan Chase & Co. boosted their target price on shares of LKQ from $54.00 to $55.00 and gave the stock an overweight rating in a research report on Thursday. Six equities research analysts have rated the stock with a buy rating. Based on data from MarketBeat.com, LKQ has an average rating of Buy and an average target price of $58.00.

Check out our latest analysis on LKQ

Performance of LKQ shares

Want more great investment ideas?

Shares of LKQ stock opened at $41.04 on Thursday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.70, and a current ratio of 1.75. The company has a market cap of $10.80 billion, a price-to-earnings ratio of 13.32 and a beta of 1.29. The company’s 50-day simple moving average is $41.39, and its 200-day simple moving average is $44.66. LKQ has a 1 year low of $35.57 and a 1 year high of $53.68.

LKQ (NASDAQ:LKQ – Get Your Free Report ) last announced its quarterly earnings data on Thursday, July 25th. The auto parts company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.05). The firm had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.87 billion. LKQ had a net margin of 5.03% and a return on equity of 15.33%. The company’s quarterly revenue was up 7.3% year over year. During the same period in the previous year, the company posted EPS of $1.09. On average, sell-side analysts anticipate that LKQ will post 3.6 EPS for the current year.

LKQ announces dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were given a dividend of $0.30 per share. This represents an annualized dividend of $1.20 and a yield of 2.92%. The ex-dividend date was Thursday, August 15. LKQ’s dividend payout ratio (DPR) is currently 38.96%.

Insider buying and selling at LKQ

In other news, CEO Justin L. Jude purchased 2,500 shares of LKQ stock in a transaction dated Friday, July 26th. The shares were purchased at an average cost of $39.91 per share, with a total value of $99,775.00. Following the completion of the transaction, the chief executive officer now owns 207,515 shares in the company, valued at approximately $8,281,923.65. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other LKQ news, CEO Justin L. Jude purchased 2,500 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were purchased at an average cost of $39.91 per share, with a total value of $99,775.00. Following the completion of the transaction, the chief executive officer now owns 207,515 shares in the company, valued at $8,281,923.65. The transaction was disclosed in a filing with the SEC, which is available via this hyperlink. Also, Director Andrew C. Clarke acquired 7,600 shares of LKQ stock in a transaction that occurred on Friday, July 26th. The shares were purchased at an average cost of $39.70 per share, with a total value of $301,720.00. Following the purchase, the director now directly owns 10,519 shares of the company’s stock, valued at approximately $417,604.30. Disclosure for this purchase can be found here. Insiders bought 12,600 shares of company stock worth $500,870 over the last 90 days. 0.55% of shares are owned by corporate insiders.

Institutional trading of LKQ

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Rothschild Investment LLC bought a new position in shares of LKQ in the second quarter valued at about $33,000. CVA Family Office LLC boosted its holdings in LKQ by 54.2% in the first quarter. CVA Family Office LLC now owns 825 shares of the auto parts company’s stock worth $44,000 after buying an additional 290 shares during the last quarter. Quarry LP raised its position in shares of LKQ by 65.1% in the fourth quarter. Quarry LP now owns 900 shares of the auto parts company’s stock worth $43,000 after acquiring an additional 355 shares during the last quarter. Fidelis Capital Partners LLC bought a new stake in shares of LKQ in the first quarter valued at about $56,000. Finally, Banque Cantonale Vaudoise grew its position in shares of LKQ by 29.8% during the 2nd quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company’s stock valued at $50,000 after acquiring another 278 shares in the last quarter. Institutional investors own 95.63% of the company’s shares.

LKQ Company Profile

(Get a free report)

LKQ Corporation is engaged 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, body panels and lights, as well as mechanical auto parts and accessories; salvage products including mechanical and collision parts including engines; transmissions; door assemblies; sheet metal products such as trunk lids, fenders and hoods; lights and bumper assemblies; scrap metal and other materials for metal recyclers; and brake pads, discs and sensors, clutches, steering and suspension products, filters and automotive oil and fluids, and electrical products including spark plugs and batteries.