Barrington Research Reaffirms Outperform Rating for LKQ (NASDAQ:LKQ)

LKQ (NASDAQ:LKQ)‘s stock had its “outperform” rating reiterated by investment analysts at Barrington Research in a research note issued to investors on Friday, Benzinga reports. They currently have a $60.00 price objective on the auto parts company’s stock. Barrington Research’s price target suggests a potential upside of 60.09% from the company’s previous close.

A number of other research analysts also recently weighed in on the stock. Robert W. Baird reduced their target price on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a research report on Friday. StockNews.com lowered LKQ from a “buy” rating to a “hold” rating in a report on Tuesday, September 17th. Roth Mkm reissued a “buy” rating and set a $59.00 price objective on shares of LKQ in a report on Thursday, September 12th. JPMorgan Chase & Co. increased their price objective on LKQ from $54.00 to $55.00 and gave the company an “overweight” rating in a report on Thursday, September 12th. Finally, Stifel Nicolaus reduced their price objective on LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a report on Friday. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $53.80.

LKQ Stock Down 0.5 %

LKQ traded down $0.19 during trading on Friday, hitting $37.48. 1,568,332 shares of the company’s stock were exchanged, compared to its average volume of 1,897,334. The company has a quick ratio of 0.70, a current ratio of 1.75 and a debt-to-equity ratio of 0.69. The business’s 50 day moving average is $40.07 and its two-hundred day moving average is $42.08. LKQ has a fifty-two week low of $35.57 and a fifty-two week high of $53.68. The stock has a market cap of $9.87 billion, a P/E ratio of 13.76 and a beta of 1.28.

LKQ (NASDAQ:LKQ) last announced its earnings results on Thursday, October 24th. The auto parts company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.87 by $0.01. The company had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.65 billion. LKQ had a net margin of 5.03% and a return on equity of 15.33%. The firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.86 earnings per share. As a group, equities analysts expect that LKQ will post 3.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, SVP Matthew J. Mckay purchased 2,500 shares of the stock in a transaction on Monday, July 29th. The shares were acquired at an average price of $39.75 per share, for a total transaction of $99,375.00. Following the completion of the transaction, the senior vice president now directly owns 94,670 shares of the company’s stock, valued at approximately $3,763,132.50. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 0.55% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. GW Henssler & Associates Ltd. bought a new position in shares of LKQ during the third quarter valued at about $209,000. Strategic Blueprint LLC bought a new position in shares of LKQ during the third quarter valued at about $268,000. abrdn plc grew its stake in shares of LKQ by 2.9% during the third quarter. abrdn plc now owns 1,167,099 shares of the auto parts company’s stock valued at $46,707,000 after buying an additional 32,947 shares during the last quarter. Pullen Investment Management LLC grew its stake in shares of LKQ by 3.1% in the third quarter. Pullen Investment Management LLC now owns 30,222 shares of the auto parts company’s stock worth $1,206,000 after purchasing an additional 901 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale grew its stake in shares of LKQ by 6.7% in the third quarter. DekaBank Deutsche Girozentrale now owns 346,913 shares of the auto parts company’s stock worth $13,935,000 after purchasing an additional 21,907 shares during the last quarter. 95.63% of the stock is 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.