LKQ (NASDAQ:LKQ) Raised to Hold at ValuEngine

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ValuEngine upgraded shares of LKQ (NASDAQ:LKQ) from a sell rating to a hold rating in a research note published on Thursday, ValuEngine reports.

Other equities analysts have also recently issued research reports about the company. Barrington Research set a $43.00 price objective on LKQ and gave the company a buy rating in a report on Tuesday, September 10th. BidaskClub upgraded LKQ from a sell rating to a hold rating in a report on Thursday. Raymond James cut LKQ from an outperform rating to a market perform rating in a report on Friday, July 26th. Zacks Investment Research cut LKQ from a hold rating to a sell rating and set a $29.00 price objective on the stock. in a report on Tuesday, September 10th. Finally, Wellington Shields lowered LKQ from a buy rating to a gradually accumulate rating in a research report on Thursday, July 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. LKQ has an average rating of Hold and a consensus target price of $34.50.

NASDAQ:LKQ opened at $32.74 on Thursday. LKQ has a fifty-two week low of $22.74 and a fifty-two week high of $33.22. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.20 and a quick ratio of 0.94. The stock has a market capitalization of $10.03 billion, a PE ratio of 14.95, a price-to-earnings-growth ratio of 1.00 and a beta of 1.31. The business’s 50-day simple moving average is $26.32 and its 200-day simple moving average is $27.35.

LKQ (NASDAQ:LKQ) last released its quarterly earnings data on Thursday, July 25th. The auto parts company reported $0.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.01. LKQ had a return on equity of 14.54% and a net margin of 3.36%. The business had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.28 billion. During the same quarter in the previous year, the business posted $0.61 EPS. LKQ’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, research analysts expect that LKQ will post 2.33 earnings per share for the current year.

In related news, EVP John S. Quinn sold 10,721 shares of LKQ stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $27.04, for a total value of $289,895.84. Following the sale, the executive vice president now owns 254,674 shares of the company’s stock, valued at approximately $6,886,384.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.71% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in the stock. Investors Research Corp increased its position in shares of LKQ by 33.3% during the 2nd quarter. Investors Research Corp now owns 1,600 shares of the auto parts company’s stock worth $43,000 after purchasing an additional 400 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its position in shares of LKQ by 1.8% during the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 22,193 shares of the auto parts company’s stock worth $629,000 after purchasing an additional 403 shares during the last quarter. Piedmont Investment Advisors Inc. increased its position in shares of LKQ by 4.7% during the 1st quarter. Piedmont Investment Advisors Inc. now owns 8,961 shares of the auto parts company’s stock worth $254,000 after purchasing an additional 405 shares during the last quarter. Copperwynd Financial LLC increased its position in shares of LKQ by 3.9% during the 2nd quarter. Copperwynd Financial LLC now owns 14,842 shares of the auto parts company’s stock worth $395,000 after purchasing an additional 554 shares during the last quarter. Finally, World Asset Management Inc increased its position in shares of LKQ by 2.6% during the 2nd quarter. World Asset Management Inc now owns 21,722 shares of the auto parts company’s stock worth $578,000 after purchasing an additional 559 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

About LKQ

LKQ Corporation, together with its subsidiaries, distributes replacement parts, components, and systems used in the repair and maintenance of vehicles. It operates in four segments: Wholesale – North America, Europe, Specialty, and Self Service. 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.

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