LKQ Corporation (NASDAQ:LKQ – Get Free Report) Director Andrew Clarke acquired 21,800 shares of the business’s stock in a transaction dated Friday, October 30th. The stock was acquired at an average price of $18.35 per share, for a total transaction of $400,030.00. Following the purchase, the director directly owned 56,850 shares of the company’s stock, valued at approximately $1,043,197.50. This trade represents a 62.20% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
LKQ Trading Down 1.9%
Shares of LKQ stock opened at $20.54 on Friday. The stock has a market cap of $5.18 billion, a PE ratio of 8.62 and a beta of 0.87. The firm has a fifty day moving average price of $22.32 and a 200 day moving average price of $26.95. LKQ Corporation has a 1 year low of $16.85 and a 1 year high of $37.13. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.75 and a quick ratio of 0.67.
LKQ (NASDAQ:LKQ – Get Free Report) last posted its quarterly earnings results on Thursday, October 29th. The auto parts company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.08). The business had revenue of $3.32 billion during the quarter, compared to analysts’ expectations of $3.36 billion. LKQ had a net margin of 1.89% and a return on equity of 9.57%. LKQ’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.84 earnings per share. Equities research analysts predict that LKQ Corporation will post 2.22 earnings per share for the current year.
LKQ Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Thursday, November 19th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 5.8%. The ex-dividend date of this dividend is Thursday, November 19th. LKQ’s payout ratio is 120.00%.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of LKQ. Northwestern Mutual Wealth Management Co. acquired a new position in LKQ during the second quarter worth $25,000. Cedar Mountain Advisors LLC acquired a new stake in shares of LKQ in the first quarter valued at about $28,000. Global Retirement Partners LLC acquired a new stake in shares of LKQ in the second quarter valued at about $25,000. Essential Partners LLC purchased a new stake in shares of LKQ during the first quarter worth about $30,000. Finally, Root Financial Partners LLC increased its stake in shares of LKQ by 142.4% during the first quarter. Root Financial Partners LLC now owns 1,217 shares of the auto parts company’s stock worth $36,000 after purchasing an additional 715 shares in the last quarter. Institutional investors and hedge funds own 95.63% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms recently commented on LKQ. Zacks Research lowered LKQ from a “hold” rating to a “strong sell” rating in a report on Monday, August 3rd. Jefferies Financial Group reiterated a “buy” rating and set a $30.00 price target on shares of LKQ in a research report on Friday, October 23rd. Roth Capital downgraded LKQ from a “buy” rating to a “neutral” rating and decreased their price target for the company from $35.00 to $18.00 in a report on Monday, October 26th. Raymond James Financial set a $30.00 price objective on LKQ in a research report on Friday, July 31st. Finally, Barrington Research cut shares of LKQ from an “outperform” rating to a “market perform” rating in a research note on Friday, October 23rd. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, LKQ has an average rating of “Hold” and an average target price of $26.07.
About LKQ
LKQ Corporation is a global distributor of automotive parts and accessories. The company supplies replacement parts, components and equipment to professional repair shops, collision-repair businesses, insurers, dealerships and other commercial customers. Its product offerings include recycled original-equipment parts, aftermarket parts, specialty vehicle products, tools and equipment.
LKQ’s operations include the procurement, dismantling and distribution of salvaged vehicles, allowing it to provide recycled engines, transmissions, body panels and other components.
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