Separately, Barrington Research reaffirmed a “buy” rating and set a $42.50 price target on shares of LKQ in a report on Monday, February 24th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. LKQ has a consensus rating of “Hold” and an average target price of $38.44.
Shares of LKQ stock opened at $22.25 on Friday. The company has a quick ratio of 0.88, a current ratio of 2.15 and a debt-to-equity ratio of 0.96. The business has a 50 day moving average of $27.94 and a two-hundred day moving average of $32.15. LKQ has a 52 week low of $13.31 and a 52 week high of $36.63. The company has a market cap of $5.21 billion, a P/E ratio of 12.79, a PEG ratio of 0.46 and a beta of 1.36.
LKQ (NASDAQ:LKQ) last issued its earnings results on Thursday, February 20th. The auto parts company reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.02. LKQ had a return on equity of 14.95% and a net margin of 4.33%. The company had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $3.02 billion. During the same period in the previous year, the firm posted $0.48 earnings per share. LKQ’s quarterly revenue was up .2% compared to the same quarter last year. Analysts expect that LKQ will post 2.46 EPS for the current fiscal year.
In other news, Director A Clinton Allen sold 20,000 shares of LKQ stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $20.75, for a total transaction of $415,000.00. Following the sale, the director now owns 241,266 shares of the company’s stock, valued at $5,006,269.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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. Marble Harbor Investment Counsel LLC raised its holdings in LKQ by 0.5% during the fourth quarter. Marble Harbor Investment Counsel LLC now owns 57,330 shares of the auto parts company’s stock worth $2,047,000 after purchasing an additional 300 shares in the last quarter. Parallel Advisors LLC raised its holdings in LKQ by 77.7% during the fourth quarter. Parallel Advisors LLC now owns 766 shares of the auto parts company’s stock worth $27,000 after purchasing an additional 335 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in LKQ by 28.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,666 shares of the auto parts company’s stock worth $59,000 after purchasing an additional 374 shares in the last quarter. AlphaCrest Capital Management LLC raised its holdings in LKQ by 1.2% during the fourth quarter. AlphaCrest Capital Management LLC now owns 48,534 shares of the auto parts company’s stock worth $1,733,000 after purchasing an additional 583 shares in the last quarter. Finally, Winslow Asset Management Inc. raised its holdings in LKQ by 0.3% during the fourth quarter. Winslow Asset Management Inc. now owns 245,326 shares of the auto parts company’s stock worth $8,758,000 after purchasing an additional 622 shares in the last quarter. 93.02% of the stock is currently owned by institutional investors.
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.
Receive News & Ratings for LKQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LKQ and related companies with MarketBeat.com's FREE daily email newsletter.