SunTrust Banks started coverage on shares of LKQ (NASDAQ:LKQ) in a research report sent to investors on Tuesday, May 29th, Marketbeat Ratings reports. The brokerage issued a buy rating and a $40.00 price objective on the auto parts company’s stock. SunTrust Banks also issued estimates for LKQ’s Q2 2018 earnings at $0.59 EPS, Q3 2018 earnings at $0.56 EPS, Q4 2018 earnings at $0.52 EPS, FY2018 earnings at $2.22 EPS, Q1 2019 earnings at $0.63 EPS, Q2 2019 earnings at $0.66 EPS, Q3 2019 earnings at $0.62 EPS, Q4 2019 earnings at $0.58 EPS and FY2019 earnings at $2.49 EPS.
Other equities research analysts have also issued research reports about the stock. Wellington Shields raised shares of LKQ from a hold rating to an accumulate rating in a report on Monday, April 30th. Zacks Investment Research raised shares of LKQ from a hold rating to a buy rating and set a $46.00 target price for the company in a research note on Monday, February 5th. ValuEngine raised shares of LKQ from a hold rating to a buy rating in a research note on Friday, February 2nd. Northcoast Research raised shares of LKQ from a neutral rating to a buy rating in a research note on Monday, February 12th. Finally, Barrington Research reaffirmed a buy rating and set a $45.00 target price on shares of LKQ in a research note on Monday, February 26th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $44.30.
Shares of LKQ traded up $0.34, reaching $33.15, during trading hours on Tuesday, Marketbeat Ratings reports. 1,767,400 shares of the company’s stock were exchanged, compared to its average volume of 2,138,909. LKQ has a 1 year low of $29.60 and a 1 year high of $43.86. The firm has a market capitalization of $10.13 billion, a price-to-earnings ratio of 17.63, a PEG ratio of 0.96 and a beta of 0.99. The company has a quick ratio of 1.11, a current ratio of 2.74 and a debt-to-equity ratio of 0.72.
LKQ (NASDAQ:LKQ) last announced its quarterly earnings data on Thursday, April 26th. The auto parts company reported $0.55 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.04). LKQ had a net margin of 5.44% and a return on equity of 14.52%. The firm had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.62 billion. During the same period in the prior year, the company posted $0.49 EPS. The company’s revenue for the quarter was up 16.1% compared to the same quarter last year. research analysts anticipate that LKQ will post 2.28 EPS for the current fiscal year.
In other news, insider Dominick P. Zarcone bought 3,000 shares of LKQ stock in a transaction that occurred on Thursday, June 14th. The shares were purchased at an average price of $33.00 per share, with a total value of $99,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Justin L. Jude bought 2,280 shares of LKQ stock in a transaction that occurred on Friday, June 1st. The stock was purchased at an average cost of $32.58 per share, for a total transaction of $74,282.40. Following the acquisition, the senior vice president now owns 66,729 shares of the company’s stock, valued at $2,174,030.82. The disclosure for this purchase can be found here. 0.80% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of the stock. First Mercantile Trust Co. increased its stake in LKQ by 14.6% in the fourth quarter. First Mercantile Trust Co. now owns 11,647 shares of the auto parts company’s stock valued at $473,000 after purchasing an additional 1,487 shares during the last quarter. Penserra Capital Management LLC raised its stake in LKQ by 18.6% in the 4th quarter. Penserra Capital Management LLC now owns 9,870 shares of the auto parts company’s stock valued at $401,000 after purchasing an additional 1,551 shares during the last quarter. Norinchukin Bank The raised its stake in LKQ by 7.5% in the 4th quarter. Norinchukin Bank The now owns 24,709 shares of the auto parts company’s stock valued at $1,005,000 after purchasing an additional 1,721 shares during the last quarter. Asset Management One Co. Ltd. raised its stake in LKQ by 0.4% in the 1st quarter. Asset Management One Co. Ltd. now owns 477,598 shares of the auto parts company’s stock valued at $18,124,000 after purchasing an additional 1,864 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado raised its stake in LKQ by 0.3% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 589,998 shares of the auto parts company’s stock valued at $23,995,000 after purchasing an additional 1,955 shares during the last quarter. 91.46% of the stock is currently owned by hedge funds and other institutional investors.
LKQ Corporation, together with its subsidiaries, distributes replacement parts, components, and systems used in the repair and maintenance of vehicles in North America, Europe, and Taiwan. It operates in three segments: North America, Europe, and Specialty. 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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