LKQ Co. (LKQ) Given Average Recommendation of “Buy” by Analysts

Shares of LKQ Co. (NASDAQ:LKQ) have been assigned an average recommendation of “Buy” from the fifteen ratings firms that are presently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $45.00.

A number of analysts have recently weighed in on LKQ shares. Zacks Investment Research upgraded LKQ from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Monday, January 15th. Northcoast Research upgraded LKQ from a “neutral” rating to a “buy” rating in a research note on Monday, February 12th. Robert W. Baird reiterated a “buy” rating and issued a $47.00 price objective on shares of LKQ in a research report on Friday, December 22nd. Finally, BidaskClub upgraded LKQ from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd.

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In other LKQ news, EVP John S. Quinn sold 7,501 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $39.76, for a total transaction of $298,239.76. Following the transaction, the executive vice president now owns 270,218 shares in the company, valued at $10,743,867.68. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP John S. Quinn sold 10,301 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $43.24, for a total value of $445,415.24. Following the transaction, the executive vice president now owns 296,765 shares in the company, valued at approximately $12,832,118.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 42,802 shares of company stock valued at $1,807,405. Corporate insiders own 0.80% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. First Mercantile Trust Co. boosted its holdings in LKQ by 14.6% during the fourth quarter. First Mercantile Trust Co. now owns 11,647 shares of the auto parts company’s stock worth $473,000 after buying an additional 1,487 shares during the last quarter. Penserra Capital Management LLC lifted its holdings in shares of LKQ by 18.6% during the 4th quarter. Penserra Capital Management LLC now owns 9,870 shares of the auto parts company’s stock valued at $401,000 after purchasing an additional 1,551 shares in the last quarter. Norinchukin Bank The lifted its holdings in shares of LKQ by 7.5% during the 4th quarter. Norinchukin Bank The now owns 24,709 shares of the auto parts company’s stock valued at $1,005,000 after purchasing an additional 1,721 shares in the last quarter. Public Employees Retirement Association of Colorado lifted its holdings in shares of LKQ by 0.3% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 589,998 shares of the auto parts company’s stock valued at $23,995,000 after purchasing an additional 1,955 shares in the last quarter. Finally, Royce & Associates LP lifted its holdings in shares of LKQ by 1.1% during the 4th quarter. Royce & Associates LP now owns 229,338 shares of the auto parts company’s stock valued at $9,327,000 after purchasing an additional 2,425 shares in the last quarter. Hedge funds and other institutional investors own 93.62% of the company’s stock.

Shares of NASDAQ:LKQ traded up $0.20 during midday trading on Thursday, reaching $38.82. The company’s stock had a trading volume of 697,129 shares, compared to its average volume of 1,652,308. LKQ has a fifty-two week low of $27.95 and a fifty-two week high of $43.86. The firm has a market cap of $11,824.41, a PE ratio of 20.54, a price-to-earnings-growth ratio of 1.02 and a beta of 0.98. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.09 and a current ratio of 2.89.

LKQ (NASDAQ:LKQ) last announced its earnings results on Thursday, February 22nd. The auto parts company reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.01). LKQ had a net margin of 5.48% and a return on equity of 14.84%. The business had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.37 billion. During the same quarter last year, the business posted $0.35 earnings per share. The business’s quarterly revenue was up 14.9% compared to the same quarter last year. analysts anticipate that LKQ will post 2.34 EPS for the current fiscal year.

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About LKQ

LKQ Corporation, together with its subsidiaries, distributes replacement parts, components, and systems used in the repair and maintenance of vehicles in North America, Europe, and Taiwan. It operates in 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.

Analyst Recommendations for LKQ (NASDAQ:LKQ)

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