BidaskClub upgraded shares of LKQ (NASDAQ:LKQ) from a sell rating to a hold rating in a research note published on Wednesday morning, BidAskClub reports.

Other equities research analysts have also recently issued research reports about the stock. Raymond James set a $33.00 price target on shares of LKQ and gave the company a buy rating in a research note on Friday, April 26th. TheStreet cut shares of USD Partners from a b- rating to a c+ rating in a research note on Friday, May 10th. Barrington Research set a $43.00 price target on shares of LKQ and gave the company a buy rating in a research note on Monday, April 22nd. Zacks Investment Research raised shares of Green Brick Partners from a sell rating to a hold rating in a research note on Wednesday, April 10th. Finally, ValuEngine raised shares of ZIX from a buy rating to a strong-buy rating in a research note on Saturday, May 4th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. LKQ has an average rating of Hold and a consensus target price of $36.50.

Shares of NASDAQ LKQ opened at $24.94 on Wednesday. The firm has a market cap of $8.06 billion, a PE ratio of 11.39, a price-to-earnings-growth ratio of 0.83 and a beta of 1.33. LKQ has a 12 month low of $22.74 and a 12 month high of $36.10. The stock’s 50 day moving average price is $26.38. The company has a quick ratio of 0.99, a current ratio of 2.36 and a debt-to-equity ratio of 0.84.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings data on Thursday, April 25th. The auto parts company reported $0.56 EPS for the quarter, hitting analysts’ consensus estimates of $0.56. The business had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.14 billion. LKQ had a net margin of 3.47% and a return on equity of 14.39%. The business’s revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the company earned $0.55 EPS. On average, equities analysts forecast that LKQ will post 2.38 EPS for the current year.

In other LKQ news, EVP John S. Quinn sold 10,721 shares of LKQ stock in a transaction on Monday, July 15th. The shares were sold at an average price of $27.04, for a total transaction of $289,895.84. Following the sale, the executive vice president now owns 254,674 shares of the company’s stock, valued at approximately $6,886,384.96. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert M. Hanser sold 1,131 shares of LKQ stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $27.93, for a total transaction of $31,588.83. Following the sale, the director now directly owns 13,923 shares in the company, valued at approximately $388,869.39. The disclosure for this sale can be found here. Insiders own 0.71% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Investors Research Corp raised its holdings in shares of LKQ by 33.3% during the 2nd quarter. Investors Research Corp now owns 1,600 shares of the auto parts company’s stock worth $43,000 after acquiring an additional 400 shares during the period. Sumitomo Mitsui Asset Management Company LTD raised its holdings in shares of LKQ by 1.8% during the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 22,193 shares of the auto parts company’s stock worth $629,000 after acquiring an additional 403 shares during the period. Piedmont Investment Advisors Inc. raised its holdings in shares of LKQ by 4.7% during the 1st quarter. Piedmont Investment Advisors Inc. now owns 8,961 shares of the auto parts company’s stock worth $254,000 after acquiring an additional 405 shares during the period. CSat Investment Advisory L.P. raised its holdings in shares of LKQ by 120.5% during the 4th quarter. CSat Investment Advisory L.P. now owns 1,290 shares of the auto parts company’s stock worth $31,000 after acquiring an additional 705 shares during the period. Finally, Commonwealth Bank of Australia raised its holdings in shares of LKQ by 2.3% during the 1st quarter. Commonwealth Bank of Australia now owns 31,208 shares of the auto parts company’s stock worth $882,000 after acquiring an additional 705 shares during the period. 89.76% of the stock is currently owned by institutional investors.

LKQ Company Profile

LKQ Corporation, together with its subsidiaries, distributes replacement parts, components, and systems used in the repair and maintenance of vehicles. It operates in four segments: Wholesale – North America, Europe, Specialty, and Self Service. The company distributes bumper covers, automotive body panels, and lights, as well as automotive glass products, such as windshields; 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.

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