Other equities analysts have also issued reports about the stock. Raymond James lowered shares of LKQ from an outperform rating to a market perform rating in a research report on Friday, July 26th. Wellington Shields downgraded shares of LKQ from a buy rating to a gradually accumulate rating in a research note on Thursday, July 25th. Zacks Investment Research downgraded shares of LKQ from a hold rating to a sell rating and set a $29.00 target price on the stock. in a research note on Tuesday, September 10th. Finally, Barrington Research set a $43.00 target price on shares of LKQ and gave the stock a buy rating in a research note on Tuesday, September 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The company currently has an average rating of Hold and an average target price of $35.00.
Shares of NASDAQ LKQ opened at $32.74 on Thursday. The company’s 50-day simple moving average is $26.32 and its 200-day simple moving average is $27.35. LKQ has a 52-week low of $22.74 and a 52-week high of $33.22. The firm has a market cap of $10.03 billion, a price-to-earnings ratio of 14.95, a price-to-earnings-growth ratio of 1.00 and a beta of 1.31. The company has a quick ratio of 0.94, a current ratio of 2.20 and a debt-to-equity ratio of 1.03.
In other news, EVP John S. Quinn sold 10,721 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $27.04, for a total value of $289,895.84. Following the sale, the executive vice president now directly owns 254,674 shares of the company’s stock, valued at approximately $6,886,384.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.71% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in LKQ. Oakworth Capital Inc. purchased a new stake in LKQ during the 2nd quarter worth approximately $26,000. Icon Wealth Partners LLC purchased a new stake in LKQ during the 1st quarter worth approximately $31,000. Optimum Investment Advisors increased its stake in LKQ by 211.1% during the 2nd quarter. Optimum Investment Advisors now owns 1,400 shares of the auto parts company’s stock worth $37,000 after buying an additional 950 shares during the period. Amica Retiree Medical Trust purchased a new stake in LKQ during the 2nd quarter worth approximately $38,000. Finally, Investors Research Corp increased its stake in 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 buying an additional 400 shares during the period. 91.64% of the stock is currently owned by hedge funds and other institutional investors.
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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