LKQ (NASDAQ:LKQ) Price Target Raised to $49.00

LKQ (NASDAQ:LKQ) had its target price raised by equities researchers at JPMorgan Chase & Co. from $48.00 to $49.00 in a report issued on Friday,Benzinga reports. The firm presently has an “overweight” rating on the auto parts company’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 17.57% from the stock’s previous close.

LKQ has been the subject of a number of other research reports. Stifel Nicolaus decreased their price target on shares of LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, October 25th. StockNews.com downgraded shares of LKQ from a “buy” rating to a “hold” rating in a report on Thursday. Barrington Research reaffirmed an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a report on Thursday. Finally, Robert W. Baird decreased their price objective on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Friday, October 25th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, LKQ currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.60.

LKQ Stock Down 0.2 %

Shares of LKQ stock traded down $0.07 during mid-day trading on Friday, reaching $41.68. 270,079 shares of the company were exchanged, compared to its average volume of 2,028,054. LKQ has a fifty-two week low of $35.56 and a fifty-two week high of $53.68. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.72. The company has a market capitalization of $10.83 billion, a P/E ratio of 15.54 and a beta of 1.29. The business’s 50 day simple moving average is $37.58 and its 200 day simple moving average is $38.75.

LKQ (NASDAQ:LKQ) last released its quarterly earnings results on Thursday, February 20th. The auto parts company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.04. LKQ had a net margin of 4.90% and a return on equity of 15.15%. The business had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.42 billion. Research analysts predict that LKQ will post 3.43 earnings per share for the current year.

Insider Activity at LKQ

In other LKQ news, Director Dominick P. Zarcone sold 5,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $36.14, for a total value of $180,700.00. Following the sale, the director now directly owns 369,462 shares in the company, valued at approximately $13,352,356.68. The trade was a 1.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 20,000 shares of company stock worth $781,500 over the last ninety days. 0.55% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On LKQ

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Massachusetts Financial Services Co. MA raised its position in LKQ by 0.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 11,977,708 shares of the auto parts company’s stock worth $478,150,000 after acquiring an additional 33,212 shares in the last quarter. State Street Corp raised its holdings in LKQ by 1.2% during the 3rd quarter. State Street Corp now owns 11,449,166 shares of the auto parts company’s stock worth $457,051,000 after buying an additional 134,176 shares during the period. Nordea Investment Management AB raised its holdings in LKQ by 11.0% during the 4th quarter. Nordea Investment Management AB now owns 8,406,444 shares of the auto parts company’s stock worth $309,609,000 after buying an additional 833,519 shares during the period. Geode Capital Management LLC raised its holdings in LKQ by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 6,591,553 shares of the auto parts company’s stock worth $241,643,000 after buying an additional 48,813 shares during the period. Finally, FMR LLC raised its holdings in LKQ by 7.3% during the 3rd quarter. FMR LLC now owns 6,020,689 shares of the auto parts company’s stock worth $240,346,000 after buying an additional 411,390 shares during the period. 95.63% of the stock is currently owned by institutional investors.

LKQ Company Profile

LKQ Corporation engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories. It operates through four segments: Wholesale-North America, Europe, Specialty, and Self Service. The company distributes bumper covers, automotive body panels, and lights, as well as mechanical automotive parts and accessories; 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.