LKQ Corporation (NASDAQ:LKQ - Get Free Report) Director Sue Gove acquired 9,795 shares of the firm's stock in a transaction on Wednesday, November 4th. The stock was bought at an average price of $20.53 per share, with a total value of $201,091.35. Following the completion of the acquisition, the director directly owned 20,793 shares in the company, valued at approximately $426,880.29. This represents a 89.06% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
LKQ Trading Down 2.4%
Shares of NASDAQ:LKQ traded down $0.49 on Friday, hitting $20.05. The company had a trading volume of 5,314,018 shares, compared to its average volume of 6,027,310. The firm's 50-day simple moving average is $22.22 and its two-hundred day simple moving average is $26.89. LKQ Corporation has a 1 year low of $16.85 and a 1 year high of $37.13. The company has a quick ratio of 0.67, a current ratio of 1.75 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $5.06 billion, a price-to-earnings ratio of 20.05 and a beta of 0.87.
LKQ (NASDAQ:LKQ - Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The auto parts company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.08). LKQ had a net margin of 1.89% and a return on equity of 9.57%. The company had revenue of $3.32 billion for the quarter, compared to analysts' expectations of $3.36 billion. During the same quarter in the prior year, the firm earned $0.84 EPS. LKQ's quarterly revenue was down 5.1% compared to the same quarter last year. Equities analysts anticipate that LKQ Corporation will post 2.21 earnings per share for the current fiscal year.
LKQ Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 19th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend is Thursday, November 19th. LKQ's payout ratio is presently 120.00%.
Wall Street Analysts Forecast Growth
LKQ has been the topic of a number of research analyst reports. Barclays upgraded LKQ from an "equal weight" rating to an "overweight" rating and set a $25.00 target price on the stock in a report on Monday, October 26th. Zacks Research cut LKQ from a "hold" rating to a "strong sell" rating in a research note on Monday, August 3rd. Weiss Ratings downgraded LKQ from a "sell (d+)" rating to a "sell (d)" rating in a report on Monday. Stephens decreased their price objective on LKQ from $39.00 to $36.50 and set an "overweight" rating for the company in a report on Tuesday, July 21st. Finally, Roth Capital lowered LKQ from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $35.00 to $18.00 in a research report on Monday, October 26th. 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $26.07.
View Our Latest Research Report on LKQ
Institutional Investors Weigh In On LKQ
Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. bought a new position in shares of LKQ during the second quarter valued at approximately $1,015,096,000. Pzena Investment Management LLC boosted its position in shares of LKQ by 49.0% in the 3rd quarter. Pzena Investment Management LLC now owns 22,556,858 shares of the auto parts company's stock worth $514,973,000 after purchasing an additional 7,414,573 shares in the last quarter. Nykredit A S bought a new stake in shares of LKQ in the 2nd quarter worth approximately $84,795,000. Bank of New York Mellon Corp bought a new stake in shares of LKQ in the 2nd quarter worth approximately $76,343,000. Finally, Bank of America Corp DE purchased a new stake in shares of LKQ in the 2nd quarter worth approximately $58,221,000. Hedge funds and other institutional investors own 95.63% of the company's stock.
LKQ Company Profile
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
