JPMorgan Chase & Co. Lowers LKQ (NASDAQ:LKQ) Price Target to $48.00

LKQ (NASDAQ:LKQ) had its price objective reduced by analysts at JPMorgan Chase & Co. from $50.00 to $48.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the auto parts company’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 25.89% from the company’s current price.

Several other analysts also recently issued reports on the stock. Stifel Nicolaus reduced their price target on shares of LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, October 25th. StockNews.com upgraded shares of LKQ from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Barrington Research reissued an “outperform” rating and set a $60.00 target price on shares of LKQ in a research report on Friday, October 25th. Finally, Robert W. Baird dropped their price target on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $52.40.

LKQ Stock Up 1.2 %

Shares of NASDAQ:LKQ opened at $38.13 on Tuesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.72. LKQ has a 52-week low of $35.56 and a 52-week high of $53.68. The business’s 50 day simple moving average is $37.51 and its two-hundred day simple moving average is $38.78. The firm has a market cap of $9.91 billion, a P/E ratio of 14.23 and a beta of 1.29.

Insider Activity

In other news, Director Dominick P. Zarcone sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $36.84, for a total value of $184,200.00. Following the completion of the transaction, the director now directly owns 374,462 shares of the company’s stock, valued at $13,795,180.08. This represents a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.55% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Catalyst Capital Advisors LLC bought a new stake in shares of LKQ during the 3rd quarter worth $25,000. Cromwell Holdings LLC increased its holdings in LKQ by 81.0% during the fourth quarter. Cromwell Holdings LLC now owns 742 shares of the auto parts company’s stock worth $27,000 after buying an additional 332 shares during the last quarter. Allworth Financial LP raised its position in LKQ by 94.2% in the third quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company’s stock worth $40,000 after acquiring an additional 490 shares during the period. Private Trust Co. NA boosted its stake in LKQ by 31.2% in the third quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company’s stock valued at $50,000 after acquiring an additional 299 shares during the last quarter. Finally, Kennebec Savings Bank bought a new position in shares of LKQ during the 3rd quarter valued at approximately $57,000. Hedge funds and other 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.