LKQ (LKQ) Rating Increased to Buy at Northcoast Research

LKQ (NASDAQ:LKQ) was upgraded by stock analysts at Northcoast Research from a “neutral” rating to a “buy” rating in a report issued on Monday, MarketBeat Ratings reports.

A number of other analysts have also recently weighed in on the stock. Jefferies Group reaffirmed a “buy” rating and issued a $43.00 price objective on shares of LKQ in a report on Sunday, October 29th. FBR & Co reaffirmed a “buy” rating and issued a $41.00 price objective on shares of LKQ in a report on Friday, October 27th. Robert W. Baird reaffirmed a “buy” rating and issued a $42.00 price objective on shares of LKQ in a report on Friday, October 27th. BidaskClub cut shares of LKQ from a “strong-buy” rating to a “buy” rating in a report on Monday, October 23rd. Finally, B. Riley reaffirmed a “buy” rating and issued a $41.00 price objective on shares of LKQ in a report on Tuesday, December 12th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. LKQ presently has a consensus rating of “Buy” and an average target price of $43.67.

Shares of LKQ (LKQ) traded up $1.24 during trading hours on Monday, hitting $40.16. 2,470,000 shares of the company’s stock were exchanged, compared to its average volume of 1,420,000. The firm has a market capitalization of $12,410.00, a PE ratio of 25.26, a price-to-earnings-growth ratio of 1.11 and a beta of 0.93. LKQ has a 52 week low of $27.85 and a 52 week high of $43.86. The company has a quick ratio of 1.10, a current ratio of 2.82 and a debt-to-equity ratio of 0.75.

In related 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 value of $4,002,000.00. Following the completion of the transaction, the director now owns 119,222 shares in the company, valued at approximately $4,771,264.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Victor M. Casini sold 25,000 shares of the stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $42.55, for a total transaction of $1,063,750.00. Following the completion of the transaction, the vice president now owns 222,395 shares of the company’s stock, valued at approximately $9,462,907.25. The disclosure for this sale can be found here. Insiders sold a total of 142,801 shares of company stock valued at $5,811,690 in the last quarter. 1.10% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in LKQ. Norris Perne & French LLP MI boosted its position in shares of LKQ by 3.7% during the 3rd quarter. Norris Perne & French LLP MI now owns 305,470 shares of the auto parts company’s stock valued at $10,994,000 after purchasing an additional 10,951 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of LKQ by 110.4% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 20,606 shares of the auto parts company’s stock valued at $679,000 after purchasing an additional 10,810 shares in the last quarter. Bank of Montreal Can boosted its position in shares of LKQ by 22.9% during the 4th quarter. Bank of Montreal Can now owns 837,550 shares of the auto parts company’s stock valued at $34,062,000 after purchasing an additional 156,224 shares in the last quarter. S&CO Inc. boosted its position in shares of LKQ by 41.7% during the 3rd quarter. S&CO Inc. now owns 17,000 shares of the auto parts company’s stock valued at $612,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Atlantic Trust Group LLC boosted its position 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 valued at $13,692,000 after purchasing an additional 2,762 shares in the last quarter. Hedge funds and other institutional investors own 92.34% of the company’s stock.

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LKQ Company Profile

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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