LKQ (NASDAQ:LKQ) Shares Down 0.1% – Should You Sell?

LKQ Co. (NASDAQ:LKQ)’s stock price was down 0.1% on Tuesday . The company traded as low as $36.74 and last traded at $37.07. Approximately 224,763 shares were traded during trading, a decline of 88% from the average daily volume of 1,953,715 shares. The stock had previously closed at $37.12.

Analyst Upgrades and Downgrades

LKQ has been the topic of several analyst reports. Robert W. Baird cut their price target on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Roth Mkm restated a “buy” rating and set a $59.00 target price on shares of LKQ in a report on Thursday, September 12th. Barrington Research reiterated an “outperform” rating and issued a $60.00 price target on shares of LKQ in a research note on Friday, October 25th. StockNews.com upgraded shares of LKQ from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Finally, JPMorgan Chase & Co. raised their target price on shares of LKQ from $54.00 to $55.00 and gave the company an “overweight” rating in a research note on Thursday, September 12th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, LKQ presently has a consensus rating of “Buy” and an average target price of $53.80.

LKQ Stock Performance

The stock has a market cap of $9.36 billion, a P/E ratio of 13.43 and a beta of 1.29. The company has a current ratio of 1.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.69. The stock has a 50 day simple moving average of $38.38 and a 200 day simple moving average of $40.18.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings data on Thursday, October 24th. The auto parts company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.01. The firm had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.65 billion. LKQ had a net margin of 4.90% and a return on equity of 15.15%. The business’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the prior year, the company posted $0.86 earnings per share. On average, equities analysts expect that LKQ Co. will post 3.43 earnings per share for the current year.

LKQ Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.33%. The ex-dividend date was Thursday, November 14th. LKQ’s payout ratio is 44.78%.

Institutional Trading of LKQ

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