LKQ’s (LKQ) “Buy” Rating Reiterated at Robert W. Baird
LKQ has been the topic of a number of other research reports. BidaskClub lowered LKQ from a buy rating to a hold rating in a research report on Wednesday, November 1st. Jefferies Group reiterated a buy rating and set a $43.00 target price on shares of LKQ in a research report on Sunday, October 29th. Wellington Shields lowered LKQ from a buy rating to a hold rating in a research report on Friday, December 1st. Stifel Nicolaus reiterated a buy rating and set a $44.00 target price on shares of LKQ in a research report on Monday, December 11th. Finally, Wolfe Research started coverage on LKQ in a research report on Tuesday, November 7th. They set an outperform rating on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $42.43.
LKQ (NASDAQ:LKQ) traded down $0.08 during trading on Friday, reaching $40.82. The company’s stock had a trading volume of 519,800 shares, compared to its average volume of 1,829,202. The company has a current ratio of 2.82, a quick ratio of 1.10 and a debt-to-equity ratio of 0.75. LKQ has a 1-year low of $27.85 and a 1-year high of $41.42. The stock has a market cap of $12,615.18, a price-to-earnings ratio of 25.51, a PEG ratio of 1.20 and a beta of 0.97.
LKQ (NASDAQ:LKQ) last released its quarterly earnings data on Thursday, October 26th. The auto parts company reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.03. LKQ had a return on equity of 15.10% and a net margin of 5.27%. The business had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same quarter in the prior year, the firm posted $0.41 EPS. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. sell-side analysts forecast that LKQ will post 1.89 earnings per share for the current fiscal year.
In other LKQ news, Director William M. Iv Webster sold 100,000 shares of the firm’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $40.02, for a total value of $4,002,000.00. Following the completion of the sale, the director now directly owns 119,222 shares of the company’s stock, valued at approximately $4,771,264.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Michael S. Clark sold 7,500 shares of the firm’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $40.07, for a total value of $300,525.00. Following the completion of the sale, the vice president now directly owns 61,860 shares of the company’s stock, valued at $2,478,730.20. The disclosure for this sale can be found here. Insiders sold a total of 132,500 shares of company stock worth $5,223,025 in the last 90 days. 1.10% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. Sentry Investment Management LLC increased its position in shares of LKQ by 1.8% during the 2nd quarter. Sentry Investment Management LLC now owns 23,828 shares of the auto parts company’s stock worth $785,000 after purchasing an additional 425 shares during the last quarter. Cedar Capital LLC boosted its holdings in LKQ by 20.6% during the 3rd quarter. Cedar Capital LLC now owns 7,900 shares of the auto parts company’s stock valued at $284,000 after acquiring an additional 1,348 shares during the period. Aperio Group LLC boosted its holdings in LKQ by 1.1% during the 3rd quarter. Aperio Group LLC now owns 128,071 shares of the auto parts company’s stock valued at $4,609,000 after acquiring an additional 1,431 shares during the period. Atlantic Trust Group LLC boosted its holdings in LKQ by 0.7% during the 3rd quarter. Atlantic Trust Group LLC now owns 380,444 shares of the auto parts company’s stock valued at $13,692,000 after acquiring an additional 2,762 shares during the period. Finally, Rhumbline Advisers boosted its holdings in LKQ by 0.8% during the 3rd quarter. Rhumbline Advisers now owns 548,517 shares of the auto parts company’s stock valued at $19,741,000 after acquiring an additional 4,110 shares during the period. 91.49% of the stock is owned by institutional investors and hedge funds.
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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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