LKQ (NASDAQ:LKQ) Stock Rating Reaffirmed by Barrington Research

LKQ (NASDAQ:LKQ)‘s stock had its “outperform” rating reissued by research analysts at Barrington Research in a research report issued on Friday, Benzinga reports. They presently have a $60.00 price objective on the auto parts company’s stock. Barrington Research’s target price suggests a potential upside of 23.03% from the stock’s current price.

Several other equities research analysts also recently issued reports on LKQ. Stifel Nicolaus reaffirmed a “buy” rating and issued a $66.00 price target on shares of LKQ in a research report on Tuesday, April 9th. JPMorgan Chase & Co. decreased their target price on LKQ from $65.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, January 25th. Finally, StockNews.com downgraded LKQ from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $63.50.

LKQ Stock Performance

Shares of NASDAQ:LKQ traded up $0.19 during midday trading on Friday, hitting $48.77. The company’s stock had a trading volume of 165,550 shares, compared to its average volume of 1,514,951. The stock has a market capitalization of $13.01 billion, a price-to-earnings ratio of 13.94 and a beta of 1.28. The stock’s 50 day simple moving average is $51.19 and its 200 day simple moving average is $48.36. LKQ has a fifty-two week low of $41.49 and a fifty-two week high of $59.38. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.53 and a current ratio of 1.47.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings results on Thursday, February 22nd. The auto parts company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.08. The company had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.52 billion. LKQ had a return on equity of 17.24% and a net margin of 6.75%. The firm’s revenue was up 16.7% compared to the same quarter last year. During the same period last year, the business posted $0.78 earnings per share. As a group, research analysts anticipate that LKQ will post 4.07 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Dominick P. Zarcone sold 200,000 shares of LKQ stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $51.97, for a total value of $10,394,000.00. Following the completion of the transaction, the chief executive officer now owns 386,522 shares in the company, valued at $20,087,548.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.55% of the company’s stock.

Institutional Trading of LKQ

A number of institutional investors have recently bought and sold shares of the business. Czech National Bank grew its holdings in shares of LKQ by 0.5% in the 1st quarter. Czech National Bank now owns 47,084 shares of the auto parts company’s stock valued at $2,515,000 after buying an additional 216 shares during the period. Benjamin F. Edwards & Company Inc. boosted its stake in LKQ by 40.8% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 777 shares of the auto parts company’s stock worth $37,000 after purchasing an additional 225 shares during the period. Ancora Advisors LLC boosted its stake in LKQ by 4.5% in the 1st quarter. Ancora Advisors LLC now owns 5,433 shares of the auto parts company’s stock worth $308,000 after purchasing an additional 233 shares during the period. Studio Investment Management LLC boosted its stake in LKQ by 2.4% in the 4th quarter. Studio Investment Management LLC now owns 9,977 shares of the auto parts company’s stock worth $533,000 after purchasing an additional 235 shares during the period. Finally, Jacobi Capital Management LLC boosted its stake in LKQ by 1.4% in the 3rd quarter. Jacobi Capital Management LLC now owns 17,470 shares of the auto parts company’s stock worth $865,000 after purchasing an additional 239 shares during the period. Institutional investors and hedge funds 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.