LKQ Co. (NASDAQ:LKQ)‘s stock had its “buy” rating restated by equities researchers at Robert W. Baird in a research report issued on Friday, October 27th. They currently have a $42.00 price objective on the auto parts company’s stock. Robert W. Baird’s price objective suggests a potential upside of 12.12% from the company’s current price.
Several other equities research analysts have also commented on LKQ. BidaskClub upgraded shares of LKQ from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Jefferies Group LLC boosted their target price on shares of LKQ from $37.00 to $42.00 and gave the company a “buy” rating in a research note on Monday, October 2nd. Susquehanna Bancshares Inc reissued a “positive” rating and issued a $40.00 target price (up previously from $38.00) on shares of LKQ in a research note on Monday, July 31st. Stifel Nicolaus reaffirmed a “buy” rating and set a $37.00 price objective on shares of LKQ in a research note on Thursday, July 6th. Finally, Zacks Investment Research downgraded shares of LKQ from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $40.67.
LKQ (LKQ) opened at $37.46 on Friday. LKQ has a 1 year low of $27.85 and a 1 year high of $38.16. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.82 and a quick ratio of 1.10. The firm has a market cap of $11,484.08, a price-to-earnings ratio of 20.42, a P/E/G ratio of 1.09 and a beta of 0.96.
LKQ (NASDAQ:LKQ) last issued its earnings results on Thursday, October 26th. The auto parts company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.42 by $0.03. The company had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.35 billion. LKQ had a net margin of 5.27% and a return on equity of 15.10%. The business’s revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.41 EPS. equities analysts anticipate that LKQ will post 1.89 earnings per share for the current year.
In related news, VP Victor M. Casini sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $36.82, for a total transaction of $920,500.00. Following the sale, the vice president now directly owns 213,884 shares of the company’s stock, valued at approximately $7,875,208.88. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director A Clinton Allen sold 16,000 shares of the stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $32.92, for a total value of $526,720.00. Following the completion of the sale, the director now directly owns 196,083 shares in the company, valued at $6,455,052.36. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Oak Ridge Investments LLC boosted its position in shares of LKQ by 8.3% in the 2nd quarter. Oak Ridge Investments LLC now owns 1,021,262 shares of the auto parts company’s stock valued at $33,651,000 after purchasing an additional 77,859 shares during the period. Fairpointe Capital LLC boosted its position in shares of LKQ by 9.0% in the 2nd quarter. Fairpointe Capital LLC now owns 3,199,715 shares of the auto parts company’s stock valued at $105,430,000 after purchasing an additional 264,587 shares during the period. Corbyn Investment Management Inc. MD boosted its position in shares of LKQ by 21.8% in the 2nd quarter. Corbyn Investment Management Inc. MD now owns 304,861 shares of the auto parts company’s stock valued at $10,045,000 after purchasing an additional 54,595 shares during the period. Point72 Asset Management L.P. boosted its position in shares of LKQ by 124.8% in the 1st quarter. Point72 Asset Management L.P. now owns 512,000 shares of the auto parts company’s stock valued at $14,986,000 after purchasing an additional 284,200 shares during the period. Finally, Grandeur Peak Global Advisors LLC boosted its position in shares of LKQ by 353.7% in the 2nd quarter. Grandeur Peak Global Advisors LLC now owns 142,925 shares of the auto parts company’s stock valued at $4,709,000 after purchasing an additional 111,425 shares during the period. 92.38% of the stock is currently owned by institutional investors.
LKQ Corporation (LKQ) is a distributor of vehicle products, including replacement parts, components and systems used in the repair and maintenance of vehicles, as well as specialty vehicle products and accessories, and automotive glass products. The Company’s segments include Wholesale-North America; Europe; Specialty, and Self Service.
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