LKQ’s (LKQ) “Buy” Rating Reiterated at Stifel Nicolaus
Stifel Nicolaus reiterated their buy rating on shares of LKQ (NASDAQ:LKQ) in a report issued on Monday morning. Stifel Nicolaus currently has a $44.00 price objective on the auto parts company’s stock.
A number of other brokerages have also recently issued reports on LKQ. Wellington Shields cut LKQ from a buy rating to a hold rating in a research note on Friday, December 1st. BidaskClub cut LKQ from a buy rating to a hold rating in a research note on Wednesday, November 1st. Wolfe Research began coverage on LKQ in a research note on Tuesday, November 7th. They set an outperform rating on the stock. FBR & Co reaffirmed a buy rating and set a $41.00 price objective on shares of LKQ in a research note on Friday, October 27th. Finally, Robert W. Baird reaffirmed a buy rating and set a $42.00 price objective on shares of LKQ in a research note on Friday, October 27th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the stock. LKQ has a consensus rating of Buy and a consensus price target of $41.71.
Shares of LKQ (NASDAQ LKQ) traded down $0.52 during trading hours on Monday, hitting $40.07. The stock had a trading volume of 2,894,700 shares, compared to its average volume of 1,832,156. LKQ has a 52-week low of $27.85 and a 52-week high of $41.42. The company has a market capitalization of $12,544.10, a PE ratio of 22.30, a P/E/G ratio of 1.20 and a beta of 0.97. The company has a quick ratio of 1.10, a current ratio of 2.82 and a debt-to-equity ratio of 0.75.
LKQ (NASDAQ:LKQ) last announced its quarterly earnings data on Thursday, October 26th. The auto parts company reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ 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 firm had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.35 billion. During the same period last year, the firm earned $0.41 earnings per share. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. research analysts expect that LKQ will post 1.89 EPS for the current fiscal year.
In related news, VP Victor M. Casini sold 25,000 shares of the firm’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $36.82, for a total value of $920,500.00. Following the sale, the vice president now directly owns 213,884 shares of the company’s stock, valued at $7,875,208.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William M. Iv Webster sold 100,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at $4,771,264.44. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Groesbeck Investment Management Corp NJ lifted its holdings in LKQ by 1.1% in the second quarter. Groesbeck Investment Management Corp NJ now owns 36,460 shares of the auto parts company’s stock worth $1,201,000 after buying an additional 400 shares during the period. Sentry Investment Management LLC lifted its holdings in LKQ by 1.8% in the second quarter. Sentry Investment Management LLC now owns 23,828 shares of the auto parts company’s stock worth $785,000 after buying an additional 425 shares during the period. Cedar Capital LLC lifted its holdings in LKQ by 20.6% in the third quarter. Cedar Capital LLC now owns 7,900 shares of the auto parts company’s stock worth $284,000 after buying an additional 1,348 shares during the period. Aperio Group LLC lifted its holdings in LKQ by 1.1% in the third quarter. Aperio Group LLC now owns 128,071 shares of the auto parts company’s stock worth $4,609,000 after buying an additional 1,431 shares during the period. Finally, Thompson Investment Management Inc. lifted its holdings in LKQ by 1.1% in the second quarter. Thompson Investment Management Inc. now owns 154,748 shares of the auto parts company’s stock worth $5,099,000 after buying an additional 1,733 shares during the period. 91.68% of the stock is currently 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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