LKQ (LKQ) Downgraded by BidaskClub to Hold

LKQ (NASDAQ:LKQ) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

Several other equities analysts also recently issued reports on the company. Robert W. Baird reissued a “buy” rating and issued a $42.00 target price on shares of LKQ in a research report on Friday, October 27th. Wolfe Research assumed coverage on shares of LKQ in a report on Tuesday, November 7th. They issued an “outperform” rating on the stock. Zacks Investment Research lowered shares of LKQ from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $44.00 price target on shares of LKQ in a report on Monday, December 11th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $43.00 price target on shares of LKQ in a report on Sunday, October 29th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $43.89.

LKQ (NASDAQ:LKQ) traded up $0.26 during midday trading on Friday, hitting $42.96. The company had a trading volume of 1,475,656 shares, compared to its average volume of 959,447. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.10 and a current ratio of 2.82. LKQ has a 52-week low of $27.85 and a 52-week high of $43.75. The firm has a market cap of $13,276.53, a P/E ratio of 26.85, a price-to-earnings-growth ratio of 1.26 and a beta of 0.97.

LKQ (NASDAQ:LKQ) last released its earnings results on Thursday, October 26th. The auto parts company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.03. LKQ had a return on equity of 15.10% and a net margin of 5.27%. The firm had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same period in the prior year, the firm earned $0.41 EPS. The firm’s revenue was up 11.7% on a year-over-year basis. sell-side analysts predict that LKQ will post 1.89 earnings per share for the current year.

In other news, Director William M. Iv Webster sold 100,000 shares of the stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $40.02, for a total transaction of $4,002,000.00. Following the sale, the director now directly owns 119,222 shares of the company’s stock, valued at approximately $4,771,264.44. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Victor M. Casini sold 25,000 shares of the stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $36.82, for a total transaction of $920,500.00. Following the sale, the vice president now directly owns 213,884 shares in the company, valued at $7,875,208.88. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 142,801 shares of company stock worth $5,668,440. 1.10% of the stock is owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the company. Sentry Investment Management LLC boosted its stake in shares of LKQ by 1.8% during the 2nd quarter. Sentry Investment Management LLC now owns 23,828 shares of the auto parts company’s stock worth $785,000 after acquiring an additional 425 shares in the last quarter. Cedar Capital LLC boosted its stake in shares of LKQ by 20.6% during the 3rd quarter. Cedar Capital LLC now owns 7,900 shares of the auto parts company’s stock worth $284,000 after acquiring an additional 1,348 shares in the last quarter. Aperio Group LLC boosted its stake in shares of LKQ by 1.1% during the 3rd quarter. Aperio Group LLC now owns 128,071 shares of the auto parts company’s stock worth $4,609,000 after acquiring an additional 1,431 shares in the last quarter. Atlantic Trust Group LLC boosted its stake in shares of LKQ by 0.7% during the 3rd quarter. Atlantic Trust Group LLC now owns 380,444 shares of the auto parts company’s stock worth $13,692,000 after acquiring an additional 2,762 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of LKQ by 0.8% during the 3rd quarter. Rhumbline Advisers now owns 548,517 shares of the auto parts company’s stock worth $19,741,000 after acquiring an additional 4,110 shares in the last quarter. 91.53% of the stock is currently owned by institutional investors and hedge funds.

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About LKQ

LKQ Corporation (LKQ) is a distributor of vehicle products, including replacement parts, components and systems used in the repair and maintenance of vehicles, as well as specialty vehicle products and accessories, and automotive glass products. The Company’s segments include Wholesale-North America; Europe; Specialty, and Self Service.

Analyst Recommendations for LKQ (NASDAQ:LKQ)

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