LKQ (NASDAQ:LKQ) Given “Outperform” Rating at Barrington Research

LKQ (NASDAQ:LKQ)‘s stock had its “outperform” rating reiterated by analysts at Barrington Research in a report released on Friday,Benzinga reports. They presently have a $60.00 price objective on the auto parts company’s stock. Barrington Research’s price objective suggests a potential upside of 55.44% from the stock’s current price.

A number of other brokerages also recently issued reports on LKQ. Stifel Nicolaus lowered their price target on shares of LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, October 25th. StockNews.com raised shares of LKQ from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Robert W. Baird cut their price target on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. decreased their price target on shares of LKQ from $50.00 to $48.00 and set an “overweight” rating on the stock in a report on Tuesday. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $52.40.

LKQ Stock Performance

NASDAQ:LKQ opened at $38.60 on Friday. The business’s fifty day moving average is $37.51 and its 200 day moving average is $38.78. The firm has a market cap of $10.03 billion, a price-to-earnings ratio of 14.40 and a beta of 1.29. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.72. LKQ has a 52-week low of $35.56 and a 52-week high of $53.68.

Insider Activity at LKQ

In related news, Director Dominick P. Zarcone sold 5,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $36.84, for a total value of $184,200.00. Following the completion of the transaction, the director now directly owns 374,462 shares in the company, valued at approximately $13,795,180.08. The trade was a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.55% of the stock is currently owned by insiders.

Institutional Investors Weigh In On LKQ

Large investors have recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC bought a new position in shares of LKQ during the 3rd quarter valued at about $177,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in LKQ by 3.4% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 30,567 shares of the auto parts company’s stock worth $1,220,000 after buying an additional 998 shares during the last quarter. V Square Quantitative Management LLC boosted its stake in LKQ by 45.4% in the third quarter. V Square Quantitative Management LLC now owns 12,647 shares of the auto parts company’s stock worth $505,000 after buying an additional 3,951 shares in the last quarter. Net Worth Advisory Group bought a new position in LKQ during the third quarter valued at approximately $424,000. Finally, Blue Trust Inc. raised its stake in shares of LKQ by 40.6% during the third quarter. Blue Trust Inc. now owns 2,262 shares of the auto parts company’s stock worth $94,000 after acquiring an additional 653 shares in the last quarter. Hedge funds and other institutional investors own 95.63% of the company’s stock.

LKQ Company Profile

LKQ Corporation engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories. It operates through four segments: Wholesale-North America, Europe, Specialty, and Self Service. The company distributes bumper covers, automotive body panels, and lights, as well as mechanical automotive parts and accessories; 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.