LKQ (LKQ) Lifted to “Hold” at BidaskClub

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LKQ (NASDAQ:LKQ) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

LKQ has been the topic of a number of other research reports. ValuEngine cut LKQ from a “buy” rating to a “hold” rating in a research report on Friday, April 27th. Zacks Investment Research upgraded LKQ from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research report on Tuesday, February 13th. Barrington Research set a $45.00 price target on LKQ and gave the company a “buy” rating in a research report on Friday, April 27th. Guggenheim initiated coverage on LKQ in a research report on Tuesday, April 17th. They issued a “neutral” rating on the stock. Finally, SunTrust Banks initiated coverage on LKQ in a research report on Tuesday. They issued a “buy” rating on the stock. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $44.78.

LKQ opened at $30.58 on Wednesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.11 and a current ratio of 2.74. LKQ has a one year low of $29.60 and a one year high of $43.86. The stock has a market cap of $9.53 billion, a PE ratio of 16.27, a PEG ratio of 0.92 and a beta of 0.99.

LKQ (NASDAQ:LKQ) last posted its earnings results on Thursday, April 26th. The auto parts company reported $0.55 EPS for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.04). LKQ had a return on equity of 14.52% and a net margin of 5.44%. The firm had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same quarter last year, the firm posted $0.49 EPS. The firm’s revenue for the quarter was up 16.1% on a year-over-year basis. equities research analysts anticipate that LKQ will post 2.22 EPS for the current year.

In other LKQ news, Director Robert M. Hanser sold 1,099 shares of LKQ stock in a transaction that occurred on Wednesday, May 9th. The stock was sold at an average price of $30.30, for a total value of $33,299.70. Following the sale, the director now owns 10,984 shares of the company’s stock, valued at approximately $332,815.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.80% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. First Mercantile Trust Co. boosted its holdings in LKQ by 14.6% in the 4th quarter. First Mercantile Trust Co. now owns 11,647 shares of the auto parts company’s stock valued at $473,000 after purchasing an additional 1,487 shares in the last quarter. Penserra Capital Management LLC boosted its holdings in LKQ by 18.6% in the 4th quarter. Penserra Capital Management LLC now owns 9,870 shares of the auto parts company’s stock valued at $401,000 after purchasing an additional 1,551 shares in the last quarter. Norinchukin Bank The boosted its holdings in LKQ by 7.5% in the 4th quarter. Norinchukin Bank The now owns 24,709 shares of the auto parts company’s stock valued at $1,005,000 after purchasing an additional 1,721 shares in the last quarter. Asset Management One Co. Ltd. boosted its holdings in LKQ by 0.4% in the 1st quarter. Asset Management One Co. Ltd. now owns 477,598 shares of the auto parts company’s stock valued at $18,124,000 after purchasing an additional 1,864 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado boosted its holdings in LKQ by 0.3% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 589,998 shares of the auto parts company’s stock valued at $23,995,000 after purchasing an additional 1,955 shares in the last quarter. 91.47% of the stock is currently owned by institutional investors.

About LKQ

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.

Analyst Recommendations for LKQ (NASDAQ:LKQ)

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