BidaskClub cut shares of LKQ (NASDAQ:LKQ) from a hold rating to a sell rating in a report published on Wednesday, September 12th.
Other analysts have also issued research reports about the stock. Zacks Investment Research raised shares of LKQ from a sell rating to a hold rating in a report on Wednesday, May 30th. ValuEngine lowered shares of LKQ from a hold rating to a sell rating in a report on Thursday, August 23rd. Finally, Wellington Shields raised shares of LKQ from an accumulate rating to a buy rating in a report on Thursday, May 31st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $43.89.
Shares of NASDAQ LKQ traded up $0.15 during midday trading on Wednesday, hitting $30.19. The company’s stock had a trading volume of 2,155,800 shares, compared to its average volume of 2,214,844. LKQ has a one year low of $29.60 and a one year high of $43.86. The company has a quick ratio of 1.05, a current ratio of 2.57 and a debt-to-equity ratio of 0.89. The firm has a market cap of $10.07 billion, a P/E ratio of 16.01, a price-to-earnings-growth ratio of 0.92 and a beta of 1.20.
LKQ (NASDAQ:LKQ) last posted its quarterly earnings results on Thursday, July 26th. The auto parts company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.03. The company had revenue of $3.03 billion for the quarter, compared to analyst estimates of $2.89 billion. LKQ had a net margin of 5.21% and a return on equity of 14.41%. The company’s quarterly revenue was up 23.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.53 earnings per share. Equities analysts expect that LKQ will post 2.29 EPS for the current year.
In other LKQ news, EVP John S. Quinn sold 8,019 shares of the business’s stock in a transaction that occurred on Tuesday, July 17th. The shares were sold at an average price of $33.51, for a total value of $268,716.69. Following the completion of the transaction, the executive vice president now owns 265,014 shares of the company’s stock, valued at approximately $8,880,619.14. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.80% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the company. Northern Trust Corp boosted its stake in shares of LKQ by 2.5% in the 2nd quarter. Northern Trust Corp now owns 3,526,926 shares of the auto parts company’s stock valued at $112,509,000 after purchasing an additional 85,952 shares in the last quarter. North Run Capital LP bought a new stake in LKQ during the 2nd quarter valued at $10,687,000. Point72 Asset Management L.P. bought a new stake in LKQ during the 1st quarter valued at $48,281,000. Bank of New York Mellon Corp raised its holdings in LKQ by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,619,800 shares of the auto parts company’s stock valued at $83,573,000 after buying an additional 9,586 shares during the last quarter. Finally, Riverhead Capital Management LLC raised its holdings in LKQ by 32.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 95,884 shares of the auto parts company’s stock valued at $3,059,000 after buying an additional 23,421 shares during the last quarter. 89.47% of the stock is owned by institutional investors.
LKQ Company Profile
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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