A number of other research analysts also recently issued reports on the company. Raymond James downgraded LKQ from an outperform rating to a market perform rating in a research note on Friday, July 26th. Barrington Research set a $43.00 price objective on LKQ and gave the company a buy rating in a research note on Tuesday. Zacks Investment Research downgraded LKQ from a hold rating to a sell rating and set a $29.00 price objective on the stock. in a research note on Tuesday. Finally, Wellington Shields downgraded LKQ from a buy rating to a gradually accumulate rating in a research note on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. LKQ has an average rating of Hold and an average price target of $34.50.
Shares of NASDAQ LKQ traded up $0.19 during trading on Thursday, reaching $32.74. The company had a trading volume of 3,560,430 shares, compared to its average volume of 2,808,063. The company’s fifty day moving average price is $26.19 and its 200-day moving average price is $27.32. LKQ has a 12 month low of $22.74 and a 12 month high of $33.22. The stock has a market cap of $8.83 billion, a P/E ratio of 14.95, a PEG ratio of 0.88 and a beta of 1.31. The company has a quick ratio of 0.94, a current ratio of 2.20 and a debt-to-equity ratio of 1.03.
In related news, EVP John S. Quinn sold 10,721 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $27.04, for a total transaction of $289,895.84. Following the transaction, the executive vice president now directly owns 254,674 shares of the company’s stock, valued at approximately $6,886,384.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.71% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of LKQ. Dimensional Fund Advisors LP raised its stake in LKQ by 14.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,776,182 shares of the auto parts company’s stock worth $89,622,000 after buying an additional 485,510 shares during the period. Geode Capital Management LLC raised its stake in shares of LKQ by 8.0% in the fourth quarter. Geode Capital Management LLC now owns 4,266,318 shares of the auto parts company’s stock worth $101,069,000 after purchasing an additional 316,437 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in shares of LKQ by 57.7% in the first quarter. Janney Montgomery Scott LLC now owns 20,237 shares of the auto parts company’s stock worth $574,000 after purchasing an additional 7,402 shares during the last quarter. Nissay Asset Management Corp Japan ADV raised its stake in shares of LKQ by 4.3% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 27,019 shares of the auto parts company’s stock worth $767,000 after purchasing an additional 1,105 shares during the last quarter. Finally, First Allied Advisory Services Inc. raised its stake in shares of LKQ by 5.4% in the first quarter. First Allied Advisory Services Inc. now owns 18,537 shares of the auto parts company’s stock worth $528,000 after purchasing an additional 955 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.
LKQ Company Profile
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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