Robert W. Baird Trims LKQ (NASDAQ:LKQ) Target Price to $54.00

LKQ (NASDAQ:LKQ) had its target price reduced by Robert W. Baird from $58.00 to $54.00 in a research note issued to investors on Wednesday morning, Benzinga reports. They currently have an outperform rating on the auto parts company’s stock.

A number of other equities research analysts have also issued reports on the stock. Barrington Research reissued an outperform rating and issued a $60.00 price objective on shares of LKQ in a report on Friday, April 19th. Roth Mkm reaffirmed a buy rating and set a $65.00 price target on shares of LKQ in a research report on Tuesday. JPMorgan Chase & Co. cut their target price on LKQ from $65.00 to $63.00 and set an overweight rating for the company in a research note on Thursday, January 25th. StockNews.com lowered LKQ from a buy rating to a hold rating in a research note on Friday, February 23rd. Finally, Stifel Nicolaus reissued a buy rating and set a $66.00 price objective on shares of LKQ in a research report on Tuesday, April 9th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of $61.60.

LKQ Stock Up 1.7 %

LKQ stock opened at $43.64 on Wednesday. LKQ has a 12 month low of $41.30 and a 12 month high of $59.38. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.70 and a quick ratio of 0.53. The business has a 50 day simple moving average of $50.85 and a 200-day simple moving average of $48.23. The stock has a market capitalization of $11.64 billion, a PE ratio of 14.17 and a beta of 1.28.

LKQ (NASDAQ:LKQ) last announced its earnings results on Tuesday, April 23rd. The auto parts company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.13). The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.76 billion. LKQ had a return on equity of 15.94% and a net margin of 5.79%. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period last year, the firm earned $1.04 EPS. On average, analysts anticipate that LKQ will post 3.94 EPS for the current fiscal year.

LKQ Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, May 16th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.75%. The ex-dividend date is Wednesday, May 15th. LKQ’s payout ratio is 38.96%.

Insider Activity

In other LKQ news, CEO Dominick P. Zarcone sold 200,000 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $51.97, for a total transaction of $10,394,000.00. Following the sale, the chief executive officer now directly owns 386,522 shares in the company, valued at approximately $20,087,548.34. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.55% of the company’s stock.

Institutional Trading of LKQ

A number of large investors have recently made changes to their positions in LKQ. CVA Family Office LLC acquired a new position in LKQ in the fourth quarter valued at approximately $26,000. OFI Invest Asset Management purchased a new position in shares of LKQ in the 3rd quarter valued at $26,000. Private Trust Co. NA raised its stake in LKQ by 228.4% during the 4th quarter. Private Trust Co. NA now owns 647 shares of the auto parts company’s stock worth $31,000 after acquiring an additional 450 shares in the last quarter. Headinvest LLC acquired a new position in LKQ in the third quarter valued at $34,000. Finally, NBC Securities Inc. acquired a new stake in shares of LKQ during the third quarter worth about $34,000. 95.63% of the stock is currently owned by hedge funds and other institutional investors.

LKQ Company Profile

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.