LKQ’s (LKQ) “Outperform” Rating Reaffirmed at Barrington Research

LKQ (NASDAQ:LKQ)‘s stock had its “outperform” rating restated by analysts at Barrington Research in a report released on Thursday,Benzinga reports. They currently have a $60.00 price target on the auto parts company’s stock. Barrington Research’s price target points to a potential upside of 43.71% from the company’s current price.

A number of other equities analysts also recently commented on LKQ. Stifel Nicolaus decreased their price target on LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a research note on Friday, October 25th. JPMorgan Chase & Co. lowered their price target on LKQ from $50.00 to $48.00 and set an “overweight” rating for the company in a report on Tuesday, February 11th. Robert W. Baird reduced their price objective on LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Finally, StockNews.com upgraded shares of LKQ from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, LKQ currently has an average rating of “Buy” and an average price target of $52.40.

LKQ Stock Up 6.0 %

Shares of LKQ traded up $2.35 during trading on Thursday, reaching $41.75. The company’s stock had a trading volume of 4,588,982 shares, compared to its average volume of 2,083,432. The company has a market cap of $10.85 billion, a price-to-earnings ratio of 15.58 and a beta of 1.29. The company has a quick ratio of 0.67, a current ratio of 1.72 and a debt-to-equity ratio of 0.69. The company has a fifty day moving average of $37.51 and a two-hundred day moving average of $38.73. LKQ has a twelve month low of $35.56 and a twelve month high of $53.68.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings results on Thursday, February 20th. The auto parts company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.04. LKQ had a net margin of 4.90% and a return on equity of 15.15%. On average, sell-side analysts predict that LKQ will post 3.43 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Dominick P. Zarcone sold 5,000 shares of LKQ stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $36.84, for a total transaction of $184,200.00. Following the sale, the director now owns 374,462 shares of the company’s stock, valued at approximately $13,795,180.08. The trade was a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have sold 20,000 shares of company stock valued at $781,500 over the last three months. Company insiders own 0.55% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of LKQ. Catalyst Capital Advisors LLC acquired a new stake in LKQ in the third quarter worth about $25,000. Cromwell Holdings LLC raised its position in shares of LKQ by 81.0% during the 4th quarter. Cromwell Holdings LLC now owns 742 shares of the auto parts company’s stock worth $27,000 after buying an additional 332 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of LKQ by 94.2% in the third quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company’s stock valued at $40,000 after acquiring an additional 490 shares in the last quarter. Private Trust Co. NA boosted its stake in LKQ by 31.2% during the 3rd quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company’s stock valued at $50,000 after purchasing an additional 299 shares in the last quarter. Finally, Kennebec Savings Bank acquired a new position in LKQ during the third quarter worth about $57,000. Institutional investors own 95.63% of the company’s stock.

LKQ Company Profile

LKQ Corporation engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories. It operates through four segments: Wholesale-North America, Europe, Specialty, and Self Service. The company distributes bumper covers, automotive body panels, and lights, as well as mechanical automotive parts and accessories; 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.