LKQ (NASDAQ:LKQ) Upgraded at Barclays

Barclays upgraded shares of LKQ (NASDAQ:LKQ) from an equal weight rating to an overweight rating in a research note issued to investors on Monday, MarketBeat Ratings reports. The firm currently has $25.00 price target on the auto parts company’s stock.

Other equities research analysts have also issued research reports about the stock. Jefferies Financial Group reissued a “buy” rating and set a $30.00 target price on shares of LKQ in a research note on Friday, October 23rd. Zacks Research downgraded shares of LKQ from a “hold” rating to a “strong sell” rating in a research note on Monday, August 3rd. Raymond James Financial set a $30.00 price target on shares of LKQ in a research note on Friday, July 31st. Stephens cut their price objective on LKQ from $39.00 to $36.50 and set an “overweight” rating for the company in a report on Tuesday, July 21st. Finally, Weiss Ratings cut LKQ from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, August 13th. Five investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $27.07.

LKQ Stock Performance

LKQ stock opened at $17.19 on Monday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.61 and a current ratio of 1.58. The stock has a market cap of $4.35 billion, a P/E ratio of 9.55 and a beta of 0.87. The firm has a 50 day simple moving average of $23.07 and a 200 day simple moving average of $27.37. LKQ has a 52 week low of $16.85 and a 52 week high of $37.13.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings data on Thursday, July 30th. The auto parts company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.04). The company had revenue of $3.41 billion for the quarter, compared to analysts’ expectations of $3.48 billion. LKQ had a net margin of 3.37% and a return on equity of 10.84%. The business’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.87 earnings per share. Research analysts anticipate that LKQ will post 2.58 earnings per share for the current fiscal year.

Hedge Funds Weigh In On LKQ

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in shares of LKQ in the 2nd quarter valued at $1,015,096,000. Foundation Resource Management Inc. boosted its holdings in LKQ by 35.4% in the third quarter. Foundation Resource Management Inc. now owns 817,292 shares of the auto parts company’s stock worth $18,659,000 after purchasing an additional 213,868 shares in the last quarter. Engineers Gate Manager LP bought a new stake in LKQ in the second quarter worth $3,438,000. Private Management Group Inc. increased its position in LKQ by 18.5% during the second quarter. Private Management Group Inc. now owns 1,564,152 shares of the auto parts company’s stock worth $41,184,000 after buying an additional 244,141 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in LKQ during the second quarter worth $2,070,000. Institutional investors own 95.63% of the company’s stock.

LKQ Company Profile

LKQ Corporation is a global distributor of automotive parts and accessories. The company supplies replacement parts, components and equipment to professional repair shops, collision-repair businesses, insurers, dealerships and other commercial customers. Its product offerings include recycled original-equipment parts, aftermarket parts, specialty vehicle products, tools and equipment.

LKQ’s operations include the procurement, dismantling and distribution of salvaged vehicles, allowing it to provide recycled engines, transmissions, body panels and other components.