JPMorgan Chase & Co. Issues Pessimistic Forecast for LKQ (NASDAQ:LKQ) Stock Price

LKQ (NASDAQ:LKQ) had its target price reduced by JPMorgan Chase & Co. from $50.00 to $48.00 in a report issued on Tuesday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the auto parts company’s stock.

Several other research firms also recently commented on LKQ. Stifel Nicolaus decreased their price target on shares of LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Barrington Research reissued an “outperform” rating and set a $60.00 price target on shares of LKQ in a research note on Friday, October 25th. Robert W. Baird cut their target price on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Finally, StockNews.com upgraded shares of LKQ from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $52.40.

LKQ Trading Up 1.2 %

LKQ stock opened at $38.60 on Tuesday. The company has a market capitalization of $10.03 billion, a PE ratio of 14.40 and a beta of 1.29. LKQ has a one year low of $35.56 and a one year high of $53.68. The company’s 50 day moving average price is $37.51 and its two-hundred day moving average price is $38.78. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.72.

Insider Transactions at LKQ

In related news, Director Dominick P. Zarcone sold 5,000 shares of LKQ stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $36.14, for a total value of $180,700.00. Following the sale, the director now owns 369,462 shares in the company, valued at $13,352,356.68. The trade was a 1.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.55% of the company’s stock.

Institutional Trading of LKQ

Large investors have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. boosted its holdings in LKQ by 112.9% in the fourth quarter. Pacer Advisors Inc. now owns 42,563 shares of the auto parts company’s stock valued at $1,564,000 after acquiring an additional 22,575 shares in the last quarter. Nordea Investment Management AB boosted its holdings in LKQ by 11.0% in the fourth quarter. Nordea Investment Management AB now owns 8,406,444 shares of the auto parts company’s stock valued at $309,609,000 after acquiring an additional 833,519 shares in the last quarter. Rehmann Capital Advisory Group bought a new stake in LKQ in the third quarter valued at $634,000. Quantbot Technologies LP boosted its holdings in LKQ by 27,310.6% in the third quarter. Quantbot Technologies LP now owns 64,415 shares of the auto parts company’s stock valued at $2,571,000 after acquiring an additional 64,180 shares in the last quarter. Finally, Albert D Mason Inc. lifted its position in LKQ by 33.3% during the fourth quarter. Albert D Mason Inc. now owns 42,151 shares of the auto parts company’s stock valued at $1,549,000 after buying an additional 10,533 shares during the period. 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.