LKQ Co. (NASDAQ:LKQ) has received a consensus recommendation of “Hold” from the thirteen ratings firms that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $39.21.
LKQ has been the subject of several analyst reports. Raymond James lowered LKQ from an “outperform” rating to a “market perform” rating in a research report on Friday, July 26th. ValuEngine lowered LKQ from a “hold” rating to a “sell” rating in a research report on Saturday, October 5th. SunTrust Banks increased their price objective on LKQ to $40.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Stifel Nicolaus set a $44.00 price objective on LKQ and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Jefferies Financial Group increased their price objective on LKQ from $37.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, November 1st.
Shares of NASDAQ:LKQ traded up $0.10 during midday trading on Friday, hitting $35.20. The company had a trading volume of 1,899,200 shares, compared to its average volume of 2,661,045. LKQ has a twelve month low of $22.74 and a twelve month high of $36.11. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.18 and a quick ratio of 0.93. The stock has a market cap of $11.00 billion, a price-to-earnings ratio of 16.07, a price-to-earnings-growth ratio of 1.09 and a beta of 1.32. The business’s 50-day simple moving average is $31.83 and its 200-day simple moving average is $28.21.
LKQ (NASDAQ:LKQ) last posted its quarterly earnings results on Thursday, October 31st. The auto parts company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.58 by $0.03. LKQ had a return on equity of 14.79% and a net margin of 3.50%. The firm had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.14 billion. During the same quarter last year, the firm earned $0.56 earnings per share. The business’s revenue for the quarter was up .8% on a year-over-year basis. As a group, sell-side analysts forecast that LKQ will post 2.34 EPS for the current year.
In related news, Director Blythe J. Mcgarvie sold 13,692 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $35.62, for a total value of $487,709.04. Following the completion of the transaction, the director now directly owns 20,993 shares in the company, valued at $747,770.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.71% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in LKQ. Oakworth Capital Inc. purchased a new position in shares of LKQ during the second quarter worth $26,000. Optimum Investment Advisors raised its stake in shares of LKQ by 211.1% in the second quarter. Optimum Investment Advisors now owns 1,400 shares of the auto parts company’s stock valued at $37,000 after acquiring an additional 950 shares in the last quarter. Amica Retiree Medical Trust acquired a new stake in shares of LKQ in the second quarter valued at $38,000. Investors Research Corp raised its stake in shares of LKQ by 33.3% in the second quarter. Investors Research Corp now owns 1,600 shares of the auto parts company’s stock valued at $43,000 after acquiring an additional 400 shares in the last quarter. Finally, Bessemer Group Inc. raised its stake in shares of LKQ by 522.3% in the second quarter. Bessemer Group Inc. now owns 1,817 shares of the auto parts company’s stock valued at $48,000 after acquiring an additional 1,525 shares in the last quarter. Institutional investors and hedge funds own 91.16% of the company’s stock.
LKQ Corporation, together with its subsidiaries, distributes replacement parts, components, and systems used in the repair and maintenance of vehicles. It operates in four segments: Wholesale – North America, Europe, Specialty, and Self Service. The company distributes bumper covers, automotive body panels, and lights, as well as automotive glass products, such as windshields; 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.
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