LKQ (NASDAQ:LKQ) Earns Outperform Rating from Barrington Research

LKQ (NASDAQ:LKQ - Get Free Report)'s stock had its "outperform" rating reaffirmed by equities research analysts at Barrington Research in a report released on Friday, Benzinga reports. They currently have a $60.00 price target on the auto parts company's stock. Barrington Research's target price indicates a potential upside of 59.79% from the company's previous close.

A number of other brokerages have also commented on LKQ. Robert W. Baird decreased their price objective on LKQ from $50.00 to $48.00 and set an "outperform" rating for the company in a report on Friday. JPMorgan Chase & Co. upped their price target on LKQ from $54.00 to $55.00 and gave the stock an "overweight" rating in a report on Thursday, September 12th. Roth Mkm restated a "buy" rating and set a $59.00 price objective on shares of LKQ in a research note on Thursday, September 12th. Stifel Nicolaus cut their price objective on shares of LKQ from $53.00 to $47.00 and set a "buy" rating on the stock in a report on Friday. Finally, StockNews.com downgraded shares of LKQ from a "buy" rating to a "hold" rating in a report on Tuesday, September 17th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $53.80.

LKQ Stock Down 0.3 %

Shares of NASDAQ LKQ traded down $0.12 during midday trading on Friday, hitting $37.55. 2,638,193 shares of the stock traded hands, compared to its average volume of 1,902,895. LKQ has a one year low of $35.57 and a one year high of $53.68. The business has a 50 day moving average price of $40.02 and a two-hundred day moving average price of $41.99. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.70 and a current ratio of 1.75. The company has a market cap of $9.89 billion, a PE ratio of 13.75 and a beta of 1.28.

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

Insider Activity

In related news, SVP Matthew J. Mckay acquired 2,500 shares of the stock in a transaction on Monday, July 29th. The shares were acquired at an average price of $39.75 per share, with a total value of $99,375.00. Following the completion of the transaction, the senior vice president now owns 94,670 shares in the company, valued at approximately $3,763,132.50. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.55% of the company's stock.

Institutional Investors Weigh In On LKQ

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of LKQ by 2.2% in the first quarter. Vanguard Group Inc. now owns 30,897,480 shares of the auto parts company's stock worth $1,650,234,000 after acquiring an additional 656,883 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in LKQ by 7.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 11,944,496 shares of the auto parts company's stock worth $496,772,000 after purchasing an additional 875,420 shares in the last quarter. Boston Partners boosted its stake in LKQ by 9.5% in the 1st quarter. Boston Partners now owns 8,220,571 shares of the auto parts company's stock worth $438,108,000 after purchasing an additional 712,698 shares during the period. Nordea Investment Management AB grew its holdings in LKQ by 1.4% during the 1st quarter. Nordea Investment Management AB now owns 7,396,653 shares of the auto parts company's stock valued at $396,461,000 after buying an additional 103,659 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of LKQ by 6.1% during the second quarter. Dimensional Fund Advisors LP now owns 4,398,538 shares of the auto parts company's stock valued at $182,936,000 after buying an additional 253,639 shares during the period. 95.63% of the stock is owned by hedge funds and other institutional investors.

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.