LKQ (NASDAQ:LKQ) Trading Down 1% – Time to Sell?

LKQ Co. (NASDAQ:LKQ) shares dropped 1% on Friday . The company traded as low as $37.85 and last traded at $37.97. Approximately 249,102 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 1,954,507 shares. The stock had previously closed at $38.37.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on LKQ shares. Stifel Nicolaus lowered their price objective on shares of LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Roth Mkm reiterated a “buy” rating and set a $59.00 price target on shares of LKQ in a report on Thursday, September 12th. Robert W. Baird cut their price objective on LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. StockNews.com raised LKQ from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Finally, Barrington Research reissued an “outperform” rating and set a $60.00 price target on shares of LKQ in a research note on Friday, October 25th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $53.80.

LKQ Trading Down 1.0 %

The company has a market cap of $9.87 billion, a P/E ratio of 14.17 and a beta of 1.29. The company has a quick ratio of 0.67, a current ratio of 1.72 and a debt-to-equity ratio of 0.69. The firm’s 50 day moving average is $38.47 and its two-hundred day moving average is $40.29.

LKQ (NASDAQ:LKQ) last released its quarterly earnings results on Thursday, October 24th. The auto parts company reported $0.88 EPS for the quarter, beating 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 firm had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same quarter in the previous year, the company posted $0.86 EPS. The business’s revenue was up .4% on a year-over-year basis. As a group, equities research analysts anticipate that LKQ Co. will post 3.43 EPS for the current year.

LKQ Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were given a $0.30 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.16%. LKQ’s dividend payout ratio (DPR) is currently 44.78%.

Institutional Investors Weigh In On LKQ

Large investors have recently modified their holdings of the company. Franklin Resources Inc. boosted its position in LKQ by 9.2% during the third quarter. Franklin Resources Inc. now owns 519,232 shares of the auto parts company’s stock valued at $20,401,000 after acquiring an additional 43,541 shares during the last quarter. Synovus Financial Corp lifted its stake in shares of LKQ by 11.6% in the 3rd quarter. Synovus Financial Corp now owns 15,235 shares of the auto parts company’s stock valued at $608,000 after purchasing an additional 1,588 shares during the period. Tidal Investments LLC boosted its position in shares of LKQ by 3.0% during the 3rd quarter. Tidal Investments LLC now owns 32,995 shares of the auto parts company’s stock valued at $1,317,000 after purchasing an additional 947 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in LKQ during the third quarter worth approximately $81,000. Finally, Sanctuary Advisors LLC increased its holdings in LKQ by 22.3% in the third quarter. Sanctuary Advisors LLC now owns 33,725 shares of the auto parts company’s stock worth $1,298,000 after purchasing an additional 6,143 shares in the last quarter. 95.63% of the stock is currently owned by institutional investors and hedge funds.

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.