BidaskClub Lowers LKQ (LKQ) to Sell
BidaskClub cut shares of LKQ (NASDAQ:LKQ) from a hold rating to a sell rating in a research note released on Thursday.
A number of other equities analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of LKQ from a buy rating to a hold rating in a report on Wednesday, January 10th. B. Riley reaffirmed a buy rating on shares of LKQ in a report on Wednesday, November 1st. Northcoast Research raised shares of LKQ from a neutral rating to a buy rating in a report on Monday, February 12th. Jefferies Group reaffirmed a buy rating on shares of LKQ in a report on Thursday, December 14th. Finally, Barrington Research reaffirmed a buy rating and set a $45.00 price objective on shares of LKQ in a report on Monday, February 26th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $44.78.
Shares of LKQ (LKQ) traded down $0.39 during mid-day trading on Thursday, reaching $38.99. 2,379,402 shares of the company’s stock were exchanged, compared to its average volume of 2,065,685. The company has a market cap of $12,070.33, a price-to-earnings ratio of 20.74, a PEG ratio of 1.04 and a beta of 0.97. The company has a quick ratio of 1.09, a current ratio of 2.89 and a debt-to-equity ratio of 0.78. LKQ has a fifty-two week low of $27.85 and a fifty-two week high of $43.86.
In related news, EVP John S. Quinn sold 7,501 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $39.76, for a total value of $298,239.76. Following the transaction, the executive vice president now directly owns 270,218 shares of the company’s stock, valued at approximately $10,743,867.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Michael S. Clark sold 7,500 shares of the business’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $40.07, for a total transaction of $300,525.00. Following the completion of the transaction, the vice president now directly owns 61,860 shares in the company, valued at $2,478,730.20. The disclosure for this sale can be found here. Insiders have sold a total of 150,302 shares of company stock worth $6,109,930 over the last ninety days. Insiders own 1.10% of the company’s stock.
Large investors have recently modified their holdings of the stock. Captrust Financial Advisors purchased a new position in shares of LKQ in the 4th quarter worth about $108,000. Calton & Associates Inc. purchased a new position in shares of LKQ in the 4th quarter worth about $116,000. First Personal Financial Services boosted its holdings in shares of LKQ by 194.0% in the 4th quarter. First Personal Financial Services now owns 3,852 shares of the auto parts company’s stock worth $157,000 after buying an additional 2,542 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of LKQ by 1,773.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,572 shares of the auto parts company’s stock worth $186,000 after buying an additional 4,328 shares during the last quarter. Finally, Zions Bancorporation purchased a new position in shares of LKQ in the 3rd quarter worth about $197,000. 91.76% of the stock is currently owned by institutional investors.
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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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