LKQ (NASDAQ:LKQ) Given Outperform Rating at Barrington Research

Barrington Research reaffirmed their outperform rating on shares of LKQ (NASDAQ:LKQ) in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has a $60.00 price target on the auto parts company’s stock.

A number of other equities analysts have also recently commented on LKQ. Robert W. Baird lowered their price target on LKQ from $58.00 to $54.00 and set an outperform rating for the company in a report on Wednesday, April 24th. Roth Mkm reissued a buy rating and issued a $65.00 target price on shares of LKQ in a report on Tuesday, April 23rd. Finally, Stifel Nicolaus reaffirmed a buy rating and set a $66.00 price target on shares of LKQ in a report on Tuesday, April 9th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, LKQ has a consensus rating of Moderate Buy and an average price target of $61.60.

LKQ Trading Up 0.1 %

LKQ opened at $45.12 on Friday. The stock has a market capitalization of $12.04 billion, a price-to-earnings ratio of 14.65 and a beta of 1.29. The company has a quick ratio of 0.68, a current ratio of 1.70 and a debt-to-equity ratio of 0.67. LKQ has a twelve month low of $39.72 and a twelve month high of $57.73. The company has a 50-day simple moving average of $42.62 and a 200 day simple moving average of $46.67.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings results on Tuesday, April 23rd. The auto parts company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.13). LKQ had a return on equity of 15.94% and a net margin of 5.79%. The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same quarter in the prior year, the business posted $1.04 EPS. The business’s revenue was up 10.6% on a year-over-year basis. Analysts predict that LKQ will post 3.94 EPS for the current fiscal year.

Insider Activity

In other news, Director Xavier Urbain sold 867 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $44.50, for a total transaction of $38,581.50. Following the completion of the transaction, the director now owns 15,606 shares of the company’s stock, valued at $694,467. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.55% of the stock is currently owned by insiders.

Institutional Investors Weigh In On LKQ

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ninety One UK Ltd acquired a new stake in shares of LKQ during the second quarter worth $27,585,000. Nisa Investment Advisors LLC grew its holdings in LKQ by 12.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 56,870 shares of the auto parts company’s stock worth $2,365,000 after acquiring an additional 6,131 shares during the period. Leeward Investments LLC MA raised its position in shares of LKQ by 13.0% in the 2nd quarter. Leeward Investments LLC MA now owns 439,559 shares of the auto parts company’s stock worth $18,281,000 after acquiring an additional 50,684 shares in the last quarter. Vista Investment Partners LLC acquired a new position in shares of LKQ in the 2nd quarter valued at about $1,600,000. Finally, TCW Group Inc. bought a new stake in shares of LKQ during the 2nd quarter valued at about $6,601,000. Institutional investors and hedge funds own 95.63% of the company’s stock.

LKQ Company Profile

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.