LKQ (NASDAQ:LKQ) Sets New 1-Year Low – What’s Next?

LKQ Corporation (NASDAQ:LKQ) shares hit a new 52-week low during trading on Friday . The company traded as low as $28.92 and last traded at $29.35, with a volume of 671650 shares. The stock had previously closed at $29.75.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on LKQ. Barrington Research reaffirmed an “outperform” rating and issued a $60.00 target price on shares of LKQ in a report on Tuesday, July 22nd. Wall Street Zen lowered LKQ from a “buy” rating to a “hold” rating in a report on Wednesday, May 21st. Finally, Robert W. Baird reduced their target price on LKQ from $48.00 to $42.00 and set an “outperform” rating for the company in a report on Friday, July 25th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, LKQ currently has a consensus rating of “Moderate Buy” and an average price target of $51.40.

LKQ Stock Performance

The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.69 and a current ratio of 1.81. The business has a 50 day moving average price of $36.32 and a two-hundred day moving average price of $39.01. The company has a market cap of $7.58 billion, a P/E ratio of 10.79 and a beta of 0.92.

LKQ (NASDAQ:LKQ) last released its earnings results on Thursday, July 24th. The auto parts company reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.06). LKQ had a net margin of 5.04% and a return on equity of 13.85%. The company had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.62 billion. During the same period last year, the firm posted $0.98 EPS. The company’s revenue was down 1.6% on a year-over-year basis. On average, sell-side analysts anticipate that LKQ Corporation will post 3.57 earnings per share for the current year.

LKQ Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Thursday, August 14th. LKQ’s dividend payout ratio (DPR) is currently 43.96%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. bought a new position in LKQ in the 4th quarter valued at approximately $165,548,000. EdgePoint Investment Group Inc. bought a new position in shares of LKQ during the 4th quarter valued at $160,339,000. Boston Partners lifted its holdings in shares of LKQ by 258.0% during the 1st quarter. Boston Partners now owns 4,562,625 shares of the auto parts company’s stock valued at $194,089,000 after buying an additional 3,288,048 shares during the period. Ancora Advisors LLC lifted its holdings in shares of LKQ by 95.7% during the 1st quarter. Ancora Advisors LLC now owns 5,477,467 shares of the auto parts company’s stock valued at $233,011,000 after buying an additional 2,678,964 shares during the period. Finally, Eminence Capital LP bought a new position in shares of LKQ during the 4th quarter valued at $68,944,000. Hedge funds and other institutional investors 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.