LKQ (LKQ) Price Target Increased to $48.00 by Analysts at B. Riley
LKQ (NASDAQ:LKQ) had its price objective increased by analysts at B. Riley from $41.00 to $48.00 in a research report issued to clients and investors on Friday. The brokerage presently has a “buy” rating on the auto parts company’s stock. B. Riley’s price target suggests a potential upside of 19.85% from the stock’s current price.
LKQ has been the subject of several other reports. BidaskClub downgraded LKQ from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. Zacks Investment Research raised LKQ from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research note on Monday, January 8th. Jefferies Group reaffirmed a “buy” rating and set a $43.00 price objective on shares of LKQ in a research note on Sunday, October 29th. Robert W. Baird reaffirmed a “buy” rating and set a $47.00 price objective on shares of LKQ in a research note on Friday, December 22nd. Finally, Wellington Shields downgraded LKQ from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. LKQ presently has an average rating of “Buy” and a consensus price target of $44.75.
Shares of LKQ (LKQ) opened at $40.05 on Friday. LKQ has a fifty-two week low of $27.85 and a fifty-two week high of $43.86. 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 capitalization of $12,850.06, a PE ratio of 25.03, a PEG ratio of 1.17 and a beta of 0.94.
In other news, Director William M. Iv Webster sold 100,000 shares of the stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $40.02, for a total transaction of $4,002,000.00. Following the completion of the transaction, the director now directly owns 119,222 shares of the company’s stock, valued at approximately $4,771,264.44. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Victor M. Casini sold 25,000 shares of the stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $42.55, for a total value of $1,063,750.00. Following the transaction, the vice president now directly owns 222,395 shares of the company’s stock, valued at $9,462,907.25. The disclosure for this sale can be found here. Over the last three months, insiders have sold 142,801 shares of company stock valued at $5,811,690. Company insiders own 1.10% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of LKQ in the 4th quarter worth approximately $259,000. Xact Kapitalforvaltning AB grew its holdings in shares of LKQ by 14.0% in the 4th quarter. Xact Kapitalforvaltning AB now owns 83,494 shares of the auto parts company’s stock worth $3,396,000 after acquiring an additional 10,226 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of LKQ by 3.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 210,295 shares of the auto parts company’s stock worth $8,553,000 after acquiring an additional 7,734 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of LKQ by 40.3% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 358,499 shares of the auto parts company’s stock worth $14,580,000 after acquiring an additional 102,987 shares during the period. Finally, Tuttle Tactical Management LLC acquired a new stake in shares of LKQ in the 4th quarter worth approximately $741,000. 91.76% of the stock is owned by institutional investors and hedge funds.
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LKQ Company Profile
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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