LKQ (NASDAQ:LKQ) Downgraded to Hold Rating by StockNews.com

LKQ (NASDAQ:LKQ) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

A number of other equities analysts have also weighed in on LKQ. Barrington Research reiterated an “outperform” rating and issued a $60.00 price target on shares of LKQ in a research report on Friday, October 25th. Stifel Nicolaus dropped their target price on shares of LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, October 25th. JPMorgan Chase & Co. upped their target price on shares of LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a research report on Thursday, September 12th. Roth Mkm restated a “buy” rating and set a $59.00 target price on shares of LKQ in a research report on Thursday, September 12th. Finally, Robert W. Baird dropped their target price on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, LKQ has an average rating of “Moderate Buy” and a consensus price target of $53.80.

LKQ Stock Performance

LKQ opened at $38.14 on Tuesday. The company has a current ratio of 1.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.69. The company has a market cap of $9.91 billion, a price-to-earnings ratio of 14.23 and a beta of 1.29. The company’s 50 day moving average is $39.30 and its 200 day moving average is $41.26. LKQ has a 12-month low of $35.57 and a 12-month high of $53.68.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.01. The business had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.65 billion. LKQ had a net margin of 4.90% and a return on equity of 15.15%. The company’s revenue was up .4% on a year-over-year basis. During the same period in the prior year, the business posted $0.86 earnings per share. On average, equities research analysts predict that LKQ will post 3.43 EPS for the current year.

Institutional Investors Weigh In On LKQ

A number of hedge funds have recently bought and sold shares of the business. Seizert Capital Partners LLC raised its stake in shares of LKQ by 451.1% in the third quarter. Seizert Capital Partners LLC now owns 1,327,664 shares of the auto parts company’s stock valued at $53,000,000 after acquiring an additional 1,086,758 shares during the period. Millennium Management LLC raised its stake in shares of LKQ by 552.8% in the second quarter. Millennium Management LLC now owns 1,236,158 shares of the auto parts company’s stock valued at $51,412,000 after acquiring an additional 1,046,805 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of LKQ by 7.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 11,944,496 shares of the auto parts company’s stock valued at $496,772,000 after acquiring an additional 875,420 shares during the period. Cooke & Bieler LP raised its stake in shares of LKQ by 39.8% in the second quarter. Cooke & Bieler LP now owns 3,067,772 shares of the auto parts company’s stock valued at $127,589,000 after acquiring an additional 873,665 shares during the period. Finally, Boston Partners grew its holdings in shares of LKQ by 9.5% in the first quarter. Boston Partners now owns 8,220,571 shares of the auto parts company’s stock worth $438,108,000 after purchasing an additional 712,698 shares during the last quarter. Hedge funds and other institutional investors own 95.63% of the company’s stock.

About LKQ

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.