LKQ (NASDAQ:LKQ) Price Target Cut to $47.00

LKQ (NASDAQ:LKQ - Free Report) had its price target lowered by Stifel Nicolaus from $53.00 to $47.00 in a research report report published on Friday, Benzinga reports. The firm currently has a buy rating on the auto parts company's stock.

LKQ has been the topic of a number of other reports. Robert W. Baird decreased their price objective on LKQ from $50.00 to $48.00 and set an "outperform" rating on the stock in a report on Friday. Roth Mkm reissued a "buy" rating and set a $59.00 target price on shares of LKQ in a research note on Thursday, September 12th. JPMorgan Chase & Co. boosted their target price on shares of LKQ from $54.00 to $55.00 and gave the stock an "overweight" rating in a research note on Thursday, September 12th. Barrington Research reissued an "outperform" rating and set a $60.00 price objective on shares of LKQ in a report on Wednesday, September 18th. Finally, StockNews.com downgraded LKQ from a "buy" rating to a "hold" rating in a research note on Tuesday, September 17th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $53.80.

LKQ Stock Down 0.3 %

NASDAQ LKQ traded down $0.12 during trading on Friday, hitting $37.55. The company's stock had a trading volume of 2,638,193 shares, compared to its average volume of 1,902,895. The company has a market cap of $9.89 billion, a PE ratio of 13.76 and a beta of 1.28. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.75 and a quick ratio of 0.70. LKQ has a fifty-two week low of $35.57 and a fifty-two week high of $53.68. The business's 50 day simple moving average is $40.07 and its 200-day simple moving average is $42.08.

LKQ (NASDAQ:LKQ - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The auto parts company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.01. LKQ had a return on equity of 15.33% and a net margin of 5.03%. The business had revenue of $3.58 billion during the quarter, compared to analysts' expectations of $3.65 billion. During the same quarter in the previous year, the firm posted $0.86 EPS. The company's revenue for the quarter was up .4% on a year-over-year basis. On average, equities analysts anticipate that LKQ will post 3.54 EPS for the current fiscal year.

Insider Activity at LKQ

In related news, SVP Matthew J. Mckay bought 2,500 shares of the stock in a transaction on Monday, July 29th. The shares were purchased at an average price of $39.75 per share, with a total value of $99,375.00. Following the purchase, the senior vice president now owns 94,670 shares in the company, valued at approximately $3,763,132.50. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.55% of the stock is currently owned by insiders.

Hedge Funds Weigh In On LKQ

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rothschild Investment LLC bought a new position in shares of LKQ in the second quarter worth about $33,000. Allworth Financial LP lifted its holdings in LKQ by 94.2% during the 3rd quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company's stock valued at $40,000 after purchasing an additional 490 shares during the last quarter. Fidelis Capital Partners LLC bought a new stake in LKQ during the 1st quarter worth approximately $56,000. Bruce G. Allen Investments LLC increased its stake in shares of LKQ by 33.5% in the third quarter. Bruce G. Allen Investments LLC now owns 1,151 shares of the auto parts company's stock valued at $46,000 after buying an additional 289 shares in the last quarter. Finally, Banque Cantonale Vaudoise increased its position in LKQ by 29.8% in the 2nd quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company's stock valued at $50,000 after acquiring an additional 278 shares in the last quarter. 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.