Barrington Research Reaffirms Outperform Rating for LKQ (NASDAQ:LKQ)

LKQ (NASDAQ:LKQ)‘s stock had its “outperform” rating reiterated by research analysts at Barrington Research in a research report issued on Thursday,Benzinga reports. They presently have a $60.00 price objective on the auto parts company’s stock. Barrington Research’s target price would indicate a potential upside of 48.18% from the stock’s previous close.

Several other research analysts also recently commented on LKQ. JPMorgan Chase & Co. reduced their price target on shares of LKQ from $50.00 to $48.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 11th. Robert W. Baird reduced their target price on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. StockNews.com upgraded LKQ from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Finally, Stifel Nicolaus decreased their target price on LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, October 25th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $52.60.

LKQ Stock Down 3.0 %

Shares of NASDAQ LKQ opened at $40.49 on Thursday. LKQ has a 1 year low of $35.56 and a 1 year high of $53.68. The firm has a 50-day simple moving average of $37.63 and a two-hundred day simple moving average of $38.76. The company has a market cap of $10.53 billion, a P/E ratio of 15.11 and a beta of 1.29. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.72 and a quick ratio of 0.67.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings data on Thursday, February 20th. The auto parts company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.04. The company had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.42 billion. LKQ had a return on equity of 15.15% and a net margin of 4.90%. Research analysts anticipate that LKQ will post 3.43 earnings per share for the current year.

Insiders Place Their Bets

In other LKQ news, Director Dominick P. Zarcone sold 10,000 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $41.66, for a total transaction of $416,600.00. Following the completion of the sale, the director now directly owns 359,462 shares of the company’s stock, valued at approximately $14,975,186.92. This represents a 2.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 20,000 shares of company stock worth $781,500 over the last 90 days. Company insiders own 0.55% of the company’s stock.

Institutional Investors Weigh In On LKQ

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Catalyst Capital Advisors LLC acquired a new position in shares of LKQ during the third quarter worth $25,000. Cromwell Holdings LLC grew its stake in LKQ by 81.0% during the 4th quarter. Cromwell Holdings LLC now owns 742 shares of the auto parts company’s stock worth $27,000 after buying an additional 332 shares during the last quarter. Allworth Financial LP increased its position in LKQ by 94.2% during the 3rd quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company’s stock valued at $40,000 after buying an additional 490 shares in the last quarter. Private Trust Co. NA raised its stake in LKQ by 31.2% in the third quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company’s stock valued at $50,000 after buying an additional 299 shares during the last quarter. Finally, Kennebec Savings Bank acquired a new stake in LKQ in the third quarter worth about $57,000. Hedge funds and other institutional investors own 95.63% of the company’s stock.

About LKQ

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.