LKQ Co. (NASDAQ:LKQ) Receives $52.40 Consensus PT from Brokerages

Shares of LKQ Co. (NASDAQ:LKQ - Get Free Report) have earned a consensus rating of "Buy" from the five analysts that are currently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy rating. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $52.40.

LKQ has been the topic of a number of analyst reports. Robert W. Baird lowered their target price on shares of LKQ from $50.00 to $48.00 and set an "outperform" rating on the stock in a report on Friday, October 25th. StockNews.com raised LKQ from a "hold" rating to a "buy" rating in a research report on Monday, November 18th. Stifel Nicolaus cut their price objective on shares of LKQ from $53.00 to $47.00 and set a "buy" rating for the company in a report on Friday, October 25th. Barrington Research reissued an "outperform" rating and set a $60.00 target price on shares of LKQ in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. reduced their price target on LKQ from $50.00 to $48.00 and set an "overweight" rating for the company in a research report on Tuesday, February 11th.

LKQ Trading Down 0.3 %

Shares of LKQ stock traded down $0.11 on Monday, hitting $39.40. The company had a trading volume of 2,604,837 shares, compared to its average volume of 2,005,164. LKQ has a twelve month low of $35.56 and a twelve month high of $53.68. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.72. The firm has a market cap of $10.24 billion, a P/E ratio of 14.70 and a beta of 1.29. The stock's 50-day moving average is $37.51 and its two-hundred day moving average is $38.73.

Insider Buying and Selling

In other news, Director Dominick P. Zarcone sold 5,000 shares of the company's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $36.14, for a total transaction of $180,700.00. Following the completion of 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 legal filing with the SEC, which is accessible through this hyperlink. 0.45% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On LKQ

Several large investors have recently made changes to their positions in the business. Catalyst Capital Advisors LLC bought a new position in LKQ in the third quarter valued at about $25,000. Cromwell Holdings LLC increased its position in LKQ by 81.0% in 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 in the last quarter. Allworth Financial LP raised its stake 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 worth $40,000 after buying an additional 490 shares during the period. Private Trust Co. NA increased its holdings in LKQ by 31.2% in the 3rd quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company's stock worth $50,000 after acquiring an additional 299 shares in the last quarter. Finally, Kennebec Savings Bank purchased a new position in LKQ during the third quarter valued at approximately $57,000. 95.63% of the stock is currently owned by hedge funds and other institutional investors.

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.