Shares of LKQ Co. (NASDAQ:LKQ) have been assigned a consensus recommendation of “Hold” from the thirteen research firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $39.21.
Several research firms have issued reports on LKQ. TheStreet upgraded LKQ from a “c+” rating to a “b-” rating in a research report on Tuesday, September 24th. ValuEngine cut shares of LKQ from a “hold” rating to a “sell” rating in a research note on Saturday, October 5th. SunTrust Banks increased their price target on shares of LKQ to $40.00 and gave the company a “buy” rating in a report on Friday, November 1st. Zacks Investment Research cut shares of LKQ from a “hold” rating to a “sell” rating and set a $29.00 price objective for the company. in a research note on Tuesday, September 10th. Finally, Guggenheim set a $38.00 price objective on shares of LKQ and gave the stock a “buy” rating in a report on Friday, November 1st.
Shares of LKQ traded down $0.91 during midday trading on Tuesday, reaching $34.41. 158,708 shares of the stock were exchanged, compared to its average volume of 2,360,830. The business’s 50-day moving average price is $33.91 and its 200 day moving average price is $28.95. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.18 and a quick ratio of 0.93. LKQ has a twelve month low of $22.74 and a twelve month high of $36.21. The company has a market capitalization of $10.81 billion, a price-to-earnings ratio of 15.72, a PEG ratio of 1.08 and a beta of 1.33.
LKQ (NASDAQ:LKQ) last announced its earnings results on Thursday, October 31st. The auto parts company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. The firm had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.14 billion. LKQ had a return on equity of 14.79% and a net margin of 3.50%. The business’s revenue was up .8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.56 EPS. As a group, equities research analysts expect that LKQ will post 2.34 earnings per share for the current fiscal year.
In related news, VP Michael S. Clark sold 3,814 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $35.32, for a total transaction of $134,710.48. Following the sale, the vice president now owns 80,510 shares in the company, valued at $2,843,613.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Blythe J. Mcgarvie sold 13,692 shares of LKQ stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $35.62, for a total transaction of $487,709.04. Following the completion of the sale, the director now directly owns 20,993 shares of the company’s stock, valued at $747,770.66. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,506 shares of company stock worth $822,020. 0.71% of the stock is owned by company insiders.
Several hedge funds have recently bought and sold shares of LKQ. Oakworth Capital Inc. purchased a new position in LKQ in the 2nd quarter valued at about $26,000. Optimum Investment Advisors raised its stake in shares of LKQ by 211.1% in the 2nd quarter. Optimum Investment Advisors now owns 1,400 shares of the auto parts company’s stock valued at $37,000 after buying an additional 950 shares in the last quarter. Amica Retiree Medical Trust acquired a new position in LKQ in the second quarter valued at about $38,000. NEXT Financial Group Inc grew its holdings in shares of LKQ by 20.7% during the third quarter. NEXT Financial Group Inc now owns 1,889 shares of the auto parts company’s stock worth $59,000 after purchasing an additional 324 shares during the last quarter. Finally, CSat Investment Advisory L.P. raised its holdings in shares of LKQ by 63.1% in the second quarter. CSat Investment Advisory L.P. now owns 2,003 shares of the auto parts company’s stock valued at $53,000 after buying an additional 775 shares during the last quarter. Institutional investors and hedge funds own 89.51% of the company’s stock.
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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