LKQ (NASDAQ:LKQ) Price Target Cut to $54.00

LKQ (NASDAQ:LKQ) had its target price lowered by investment analysts at Robert W. Baird from $58.00 to $54.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an “outperform” rating on the auto parts company’s stock. Robert W. Baird’s price target indicates a potential upside of 25.82% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. Stifel Nicolaus reaffirmed a “buy” rating and issued a $66.00 price target on shares of LKQ in a report on Tuesday, April 9th. Roth Mkm reaffirmed a “buy” rating and issued a $65.00 price target on shares of LKQ in a report on Tuesday. StockNews.com cut shares of LKQ from a “buy” rating to a “hold” rating in a report on Friday, February 23rd. Barrington Research reaffirmed an “outperform” rating and issued a $60.00 price target on shares of LKQ in a report on Friday, April 19th. Finally, JPMorgan Chase & Co. decreased their price target on shares of LKQ from $65.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, January 25th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $61.60.

LKQ Trading Down 0.8 %

Shares of LKQ stock opened at $42.92 on Wednesday. The company’s fifty day simple moving average is $50.97 and its two-hundred day simple moving average is $48.27. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.70 and a quick ratio of 0.53. LKQ has a 1 year low of $41.30 and a 1 year high of $59.38. The stock has a market capitalization of $11.45 billion, a price-to-earnings ratio of 13.94 and a beta of 1.28.

LKQ (NASDAQ:LKQ) last issued its earnings results on Tuesday, April 23rd. The auto parts company reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.13). LKQ had a net margin of 5.79% and a return on equity of 15.94%. The business had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the previous year, the firm earned $1.04 EPS. The company’s revenue was up 10.6% compared to the same quarter last year. As a group, analysts anticipate that LKQ will post 3.98 earnings per share for the current year.

Insider Buying and Selling at LKQ

In other LKQ news, CEO Dominick P. Zarcone sold 200,000 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $51.97, for a total transaction of $10,394,000.00. Following the completion of the sale, the chief executive officer now directly owns 386,522 shares in the company, valued at $20,087,548.34. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.55% of the company’s stock.

Hedge Funds Weigh In On LKQ

Several hedge funds and other institutional investors have recently modified their holdings of LKQ. Norges Bank bought a new position in shares of LKQ during the fourth quarter valued at about $159,324,000. Boston Partners raised its stake in LKQ by 22.0% in the fourth quarter. Boston Partners now owns 7,507,873 shares of the auto parts company’s stock worth $358,848,000 after buying an additional 1,351,389 shares in the last quarter. Morgan Stanley raised its stake in LKQ by 13.7% in the third quarter. Morgan Stanley now owns 9,907,659 shares of the auto parts company’s stock worth $490,528,000 after buying an additional 1,195,122 shares in the last quarter. Cooke & Bieler LP raised its stake in LKQ by 95.1% in the fourth quarter. Cooke & Bieler LP now owns 2,403,053 shares of the auto parts company’s stock worth $114,842,000 after buying an additional 1,171,225 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in LKQ by 9.5% in the fourth quarter. Wellington Management Group LLP now owns 11,307,753 shares of the auto parts company’s stock worth $540,398,000 after buying an additional 977,585 shares in 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.