LKQ (NASDAQ:LKQ) Stock: Insider Sue Gove Buys 9,795 Shares

LKQ Corporation (NASDAQ:LKQ) Director Sue Gove bought 9,795 shares of the firm’s stock in a transaction dated Wednesday, November 4th. The shares were bought at an average price of $20.53 per share, with a total value of $201,091.35. Following the completion of the transaction, the director directly owned 20,793 shares in the company, valued at approximately $426,880.29. This trade represents a 89.06% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

LKQ Trading Down 1.2%

Shares of LKQ stock traded down $0.26 on Friday, reaching $20.29. The company had a trading volume of 589,080 shares, compared to its average volume of 3,278,875. The stock has a market cap of $5.12 billion, a PE ratio of 20.28 and a beta of 0.87. The company has a 50-day moving average of $22.32 and a 200-day moving average of $26.95. The company has a current ratio of 1.75, a quick ratio of 0.67 and a debt-to-equity ratio of 0.58. LKQ Corporation has a 12 month low of $16.85 and a 12 month high of $37.13.

LKQ (NASDAQ:LKQ) last released its quarterly earnings data on Thursday, October 29th. The auto parts company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.08). The firm had revenue of $3.32 billion for the quarter, compared to the consensus estimate of $3.36 billion. LKQ had a return on equity of 9.57% and a net margin of 1.89%. The firm’s revenue was down 5.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.84 EPS. On average, equities analysts forecast that LKQ Corporation will post 2.22 earnings per share for the current year.

LKQ Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 19th will be issued a $0.30 dividend. The ex-dividend date is Thursday, November 19th. This represents a $1.20 annualized dividend and a yield of 5.9%. LKQ’s dividend payout ratio (DPR) is 120.00%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on LKQ shares. Zacks Research lowered shares of LKQ from a “hold” rating to a “strong sell” rating in a report on Monday, August 3rd. Barclays raised LKQ from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective on the stock in a research note on Monday, October 26th. Weiss Ratings downgraded LKQ from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday. JPMorgan Chase & Co. reduced their target price on LKQ from $22.00 to $20.00 and set an “overweight” rating on the stock in a report on Friday, October 30th. Finally, Raymond James Financial set a $30.00 target price on LKQ in a research note on Friday, July 31st. Five equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, LKQ presently has an average rating of “Hold” and a consensus target price of $26.07.

Institutional Trading of LKQ

Several hedge funds have recently bought and sold shares of the stock. Root Financial Partners LLC lifted its stake in LKQ by 142.4% in the first quarter. Root Financial Partners LLC now owns 1,217 shares of the auto parts company’s stock valued at $36,000 after buying an additional 715 shares in the last quarter. Commonwealth Equity Services LLC increased its position in shares of LKQ by 8.0% during the third quarter. Commonwealth Equity Services LLC now owns 12,275 shares of the auto parts company’s stock worth $280,000 after acquiring an additional 911 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in shares of LKQ during the second quarter worth $25,000. Cedar Mountain Advisors LLC acquired a new stake in shares of LKQ during the first quarter worth $28,000. Finally, Global Retirement Partners LLC acquired a new stake in shares of LKQ during the second quarter worth $25,000. 95.63% of the stock is currently owned by institutional investors and hedge funds.

About LKQ

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.