LKQ Corporation (LKQ) Stock Rating Lowered by BidaskClub
LKQ Corporation (NASDAQ:LKQ) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.
A number of other analysts have also recently issued reports on the company. Jefferies Group LLC reissued a “buy” rating and set a $43.00 target price on shares of LKQ Corporation in a research note on Sunday, October 29th. FBR & Co reissued a “buy” rating and set a $41.00 target price on shares of LKQ Corporation in a research note on Friday, October 27th. Robert W. Baird reissued a “buy” rating and set a $42.00 target price on shares of LKQ Corporation in a research note on Friday, October 27th. Susquehanna Bancshares Inc reissued a “positive” rating and set a $40.00 target price (up from $38.00) on shares of LKQ Corporation in a research note on Monday, July 31st. Finally, Zacks Investment Research cut LKQ Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. LKQ Corporation has an average rating of “Buy” and an average price target of $40.67.
LKQ Corporation (NASDAQ:LKQ) last posted its earnings results on Thursday, October 26th. The auto parts company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.03. LKQ Corporation had a return on equity of 15.10% and a net margin of 5.27%. The business had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.35 billion. During the same period in the prior year, the business earned $0.41 EPS. LKQ Corporation’s revenue for the quarter was up 11.7% compared to the same quarter last year.
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In other LKQ Corporation news, Director Guhan Subramanian purchased 4,000 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The stock was bought at an average cost of $33.96 per share, with a total value of $135,840.00. Following the purchase, the director now directly owns 23,811 shares of the company’s stock, valued at $808,621.56. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director A Clinton Allen sold 16,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $32.92, for a total transaction of $526,720.00. Following the transaction, the director now directly owns 196,083 shares of the company’s stock, valued at $6,455,052.36. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of LKQ. Gyroscope Capital Management Group LLC acquired a new stake in shares of LKQ Corporation in the 2nd quarter valued at approximately $243,000. Private Capital Management Inc. acquired a new stake in shares of LKQ Corporation in the 2nd quarter valued at approximately $247,000. Buffington Mohr McNeal acquired a new stake in shares of LKQ Corporation in the 2nd quarter valued at approximately $264,000. Greenleaf Trust boosted its holdings in shares of LKQ Corporation by 2.1% in the 2nd quarter. Greenleaf Trust now owns 15,309 shares of the auto parts company’s stock valued at $504,000 after buying an additional 309 shares during the last quarter. Finally, S&CO Inc. boosted its holdings in shares of LKQ Corporation by 41.7% in the 3rd quarter. S&CO Inc. now owns 17,000 shares of the auto parts company’s stock valued at $612,000 after buying an additional 5,000 shares during the last quarter. 92.56% of the stock is owned by institutional investors.
About LKQ Corporation
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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