LKQ (LKQ) Given a $50.00 Price Target at Stephens

Stephens set a $50.00 price target on LKQ (NASDAQ:LKQ) in a report published on Tuesday. The firm currently has a buy rating on the auto parts company’s stock.

Several other equities analysts have also commented on the stock. BidaskClub upgraded shares of LKQ from a buy rating to a strong-buy rating in a research note on Friday, October 6th. Wolfe Research initiated coverage on shares of LKQ in a research note on Tuesday, November 7th. They issued an outperform rating on the stock. Robert W. Baird reissued a buy rating and issued a $42.00 price objective on shares of LKQ in a report on Friday, October 27th. Stifel Nicolaus reissued a buy rating and issued a $44.00 price objective on shares of LKQ in a report on Monday, December 11th. Finally, Jefferies Group reissued a buy rating and issued a $43.00 price objective on shares of LKQ in a report on Sunday, October 29th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $43.89.

Shares of LKQ (LKQ) traded down $0.28 during trading on Tuesday, reaching $43.19. 1,098,300 shares of the company’s stock traded hands, compared to its average volume of 1,203,310. The stock has a market capitalization of $13,434.15, a price-to-earnings ratio of 26.99, a P/E/G ratio of 1.28 and a beta of 0.97. LKQ has a one year low of $27.85 and a one year high of $43.75. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.82 and a quick ratio of 1.10.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings results on Thursday, October 26th. The auto parts company reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.03. The company had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.35 billion. LKQ had a net margin of 5.27% and a return on equity of 15.10%. The firm’s revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.41 earnings per share. sell-side analysts predict that LKQ will post 1.89 earnings per share for the current year.

In related news, VP Michael S. Clark sold 7,500 shares of the stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $40.07, for a total transaction of $300,525.00. Following the completion of the sale, the vice president now directly owns 61,860 shares of the company’s stock, valued at $2,478,730.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director William M. Iv Webster sold 100,000 shares of the stock in a transaction on Friday, December 8th. The stock was sold at an average price of $40.02, for a total value of $4,002,000.00. Following the sale, the director now directly owns 119,222 shares of the company’s stock, valued at $4,771,264.44. The disclosure for this sale can be found here. Insiders sold 132,500 shares of company stock valued at $5,223,025 over the last three months. Corporate insiders own 1.10% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Sentry Investment Management LLC lifted its holdings in shares of LKQ by 1.8% during the second quarter. Sentry Investment Management LLC now owns 23,828 shares of the auto parts company’s stock worth $785,000 after purchasing an additional 425 shares during the period. Cedar Capital LLC lifted its holdings in shares of LKQ by 20.6% during the third quarter. Cedar Capital LLC now owns 7,900 shares of the auto parts company’s stock worth $284,000 after purchasing an additional 1,348 shares during the period. Aperio Group LLC lifted its holdings in shares of LKQ by 1.1% during the third quarter. Aperio Group LLC now owns 128,071 shares of the auto parts company’s stock worth $4,609,000 after purchasing an additional 1,431 shares during the period. Atlantic Trust Group LLC lifted its holdings in shares of LKQ by 0.7% during the third quarter. Atlantic Trust Group LLC now owns 380,444 shares of the auto parts company’s stock worth $13,692,000 after purchasing an additional 2,762 shares during the period. Finally, Rhumbline Advisers lifted its holdings in shares of LKQ by 0.8% during the third quarter. Rhumbline Advisers now owns 548,517 shares of the auto parts company’s stock worth $19,741,000 after purchasing an additional 4,110 shares during the period. 91.53% of the stock is owned by hedge funds and other institutional investors.

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LKQ Company Profile

LKQ Corporation (LKQ) is a distributor of vehicle products, including replacement parts, components and systems used in the repair and maintenance of vehicles, as well as specialty vehicle products and accessories, and automotive glass products. The Company’s segments include Wholesale-North America; Europe; Specialty, and Self Service.

Analyst Recommendations for LKQ (NASDAQ:LKQ)

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