JPMorgan Chase & Co. Issues Pessimistic Forecast for LKQ (NASDAQ:LKQ) Stock Price

LKQ (NASDAQ:LKQ - Get Free Report) had its price objective cut by investment analysts at JPMorgan Chase & Co. from $50.00 to $48.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an "overweight" rating on the auto parts company's stock. JPMorgan Chase & Co.'s price objective would suggest a potential upside of 22.83% from the stock's previous close.

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

LKQ Trading Up 1.2 %

Shares of NASDAQ:LKQ traded up $0.48 during trading hours on Tuesday, hitting $39.08. 802,021 shares of the company's stock traded hands, compared to its average volume of 1,951,234. LKQ has a 1 year low of $35.56 and a 1 year high of $53.68. The business has a fifty day moving average price of $37.51 and a 200-day moving average price of $38.78. The firm has a market capitalization of $10.16 billion, a P/E ratio of 14.55 and a beta of 1.29. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.72 and a quick ratio of 0.67.

Insider Buying and Selling

In other news, Director Dominick P. Zarcone sold 5,000 shares of the company's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $36.14, for a total transaction of $180,700.00. Following the transaction, the director now directly owns 369,462 shares of the company's stock, valued at approximately $13,352,356.68. This represents a 1.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.55% of the stock is currently owned by insiders.

Hedge Funds Weigh In On LKQ

A number of large investors have recently made changes to their positions in the business. Catalyst Capital Advisors LLC acquired a new position in shares of LKQ in the 3rd quarter valued at $25,000. Cromwell Holdings LLC increased its position in shares of LKQ by 81.0% in the 4th quarter. Cromwell Holdings LLC now owns 742 shares of the auto parts company's stock valued at $27,000 after acquiring an additional 332 shares during the period. Allworth Financial LP increased its position in shares of LKQ by 94.2% in the 3rd 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 during the period. Private Trust Co. NA increased its position in shares of LKQ by 31.2% in the 3rd 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 period. Finally, Kennebec Savings Bank acquired a new position in shares of LKQ in the 3rd quarter valued at $57,000. 95.63% of the stock is owned by institutional investors and hedge funds.

About LKQ

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.