LKQ’s (LKQ) “Buy” Rating Reaffirmed at Jefferies Group
Jefferies Group reiterated their buy rating on shares of LKQ (NASDAQ:LKQ) in a report released on Thursday morning. Jefferies Group also issued estimates for LKQ’s Q1 2019 earnings at $0.57 EPS, Q2 2019 earnings at $0.62 EPS and Q3 2019 earnings at $0.58 EPS.
Several other equities research analysts have also commented on LKQ. B. Riley reiterated a buy rating on shares of LKQ in a research note on Wednesday, November 1st. Stifel Nicolaus reiterated a buy rating and issued a $44.00 price objective on shares of LKQ in a research note on Monday, December 11th. BidaskClub upgraded shares of LKQ from a hold rating to a buy rating in a research note on Thursday, September 28th. Wellington Shields lowered shares of LKQ from a buy rating to a hold rating in a research note on Friday, December 1st. Finally, FBR & Co restated a buy rating and set a $41.00 price target on shares of LKQ in a research note on Friday, October 27th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company. The company currently has an average rating of Buy and an average target price of $41.71.
Shares of LKQ (LKQ) opened at $39.51 on Thursday. 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 company has a market cap of $12,210.33, a PE ratio of 21.71, a price-to-earnings-growth ratio of 1.16 and a beta of 0.97. LKQ has a one year low of $27.85 and a one year high of $41.42.
In other news, Director William M. Iv Webster sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $40.02, for a total transaction of $4,002,000.00. Following the completion of the sale, the director now owns 119,222 shares in the company, valued at approximately $4,771,264.44. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Victor M. Casini sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $36.82, for a total transaction of $920,500.00. Following the sale, the vice president now owns 213,884 shares of the company’s stock, valued at approximately $7,875,208.88. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fairpointe Capital LLC boosted its holdings in LKQ by 9.0% in the 2nd quarter. Fairpointe Capital LLC now owns 3,199,715 shares of the auto parts company’s stock worth $105,430,000 after buying an additional 264,587 shares during the period. Janus Henderson Group PLC boosted its holdings in LKQ by 106.7% in the 3rd quarter. Janus Henderson Group PLC now owns 2,508,044 shares of the auto parts company’s stock worth $90,264,000 after buying an additional 1,294,439 shares during the period. Riverbridge Partners LLC boosted its holdings in LKQ by 1.1% in the 3rd quarter. Riverbridge Partners LLC now owns 1,618,654 shares of the auto parts company’s stock worth $58,255,000 after buying an additional 16,860 shares during the period. New York State Common Retirement Fund boosted its holdings in LKQ by 0.8% in the 2nd quarter. New York State Common Retirement Fund now owns 1,272,596 shares of the auto parts company’s stock worth $41,932,000 after buying an additional 9,599 shares during the period. Finally, Neuberger Berman Group LLC boosted its holdings in LKQ by 1.9% in the 3rd quarter. Neuberger Berman Group LLC now owns 1,261,900 shares of the auto parts company’s stock worth $45,416,000 after buying an additional 23,317 shares during the period. 91.68% of the stock is 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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