Posted by admin on May 13th, 2022
LKQ Co. (NASDAQ:LKQ – Get Rating) Director Patrick Berard sold 702 shares of the company’s stock in a transaction that occurred on Tuesday, May 10th. The shares were sold at an average price of $49.72, for a total value of $34,903.44. Following the completion of the transaction, the director now directly owns 11,806 shares of the company’s stock, valued at $586,994.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
LKQ stock opened at $50.12 on Friday. The company has a market capitalization of $14.18 billion, a P/E ratio of 13.44 and a beta of 1.46. LKQ Co. has a twelve month low of $42.36 and a twelve month high of $60.43. The business has a 50 day simple moving average of $47.18 and a 200-day simple moving average of $52.78. The company has a current ratio of 1.88, a quick ratio of 0.85 and a debt-to-equity ratio of 0.46.
LKQ (NASDAQ:LKQ – Get Rating) last posted its quarterly earnings data on Thursday, April 28th. The auto parts company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.09. The business had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.29 billion. LKQ had a return on equity of 20.19% and a net margin of 8.28%. The company’s revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.94 earnings per share. Research analysts predict that LKQ Co. will post 3.96 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 2nd. Stockholders of record on Thursday, May 19th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Wednesday, May 18th. LKQ’s payout ratio is currently 26.81%.
LKQ has been the subject of a number of research analyst reports. Raymond James lowered their price target on LKQ from $62.00 to $59.00 in a report on Monday, April 11th. Barrington Research raised LKQ from a “market perform” rating to an “outperform” rating in a report on Thursday, April 28th. Finally, StockNews.com raised LKQ from a “buy” rating to a “strong-buy” rating in a report on Monday, May 2nd. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, LKQ presently has a consensus rating of “Buy” and an average target price of $62.20.
Hedge funds have recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of LKQ by 27.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,908 shares of the auto parts company’s stock worth $1,316,000 after purchasing an additional 4,686 shares during the period. Toronto Dominion Bank lifted its holdings in shares of LKQ by 15.4% during the fourth quarter. Toronto Dominion Bank now owns 159,189 shares of the auto parts company’s stock worth $9,556,000 after purchasing an additional 21,235 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in LKQ by 25.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 290,023 shares of the auto parts company’s stock worth $17,410,000 after acquiring an additional 59,522 shares in the last quarter. Segall Bryant & Hamill LLC raised its position in LKQ by 6.5% in the third quarter. Segall Bryant & Hamill LLC now owns 230,703 shares of the auto parts company’s stock worth $11,603,000 after acquiring an additional 14,051 shares in the last quarter. Finally, Berkshire Asset Management LLC PA purchased a new position in LKQ in the third quarter worth $201,000. 94.02% of the stock is owned by institutional investors and hedge funds.
LKQ Company Profile (Get Rating)
LKQ Corporation distributes replacement parts, components, and systems used in the repair and maintenance of vehicles. It operates through three segments: North America, Europe, and Specialty. The company distributes bumper covers, automotive body panels, and lights, as well as automotive glass products, such as windshields; 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.
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