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 report issued on Friday,Benzinga reports. They currently have a $60.00 price objective on the auto parts company’s stock. Barrington Research’s target price points to a potential upside of 55.44% from the company’s current price.

LKQ has been the subject of a number of other research reports. Stifel Nicolaus reduced their price objective on LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a research note on Friday, October 25th. JPMorgan Chase & Co. cut their target price on LKQ from $50.00 to $48.00 and set an “overweight” rating on the stock in a report on Tuesday. StockNews.com upgraded shares of LKQ from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Finally, Robert W. Baird dropped their price objective on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $52.40.

LKQ Price Performance

Shares of NASDAQ LKQ opened at $38.60 on Friday. The firm has a market capitalization of $10.03 billion, a P/E ratio of 14.40 and a beta of 1.29. The firm’s 50-day moving average price is $37.51 and its 200-day moving average price is $38.78. The company has a current ratio of 1.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.69. LKQ has a 1-year low of $35.56 and a 1-year high of $53.68.

Insider Activity

In other news, Director Dominick P. Zarcone sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $36.84, for a total value of $184,200.00. Following the transaction, the director now owns 374,462 shares in the company, valued at $13,795,180.08. The trade was a 1.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.55% of the stock is currently owned by corporate insiders.

Institutional Trading of LKQ

Hedge funds have recently bought and sold shares of the business. Exchange Traded Concepts LLC bought a new stake in LKQ in the third quarter worth about $177,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in LKQ by 3.4% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 30,567 shares of the auto parts company’s stock valued at $1,220,000 after purchasing an additional 998 shares during the last quarter. V Square Quantitative Management LLC grew its holdings in LKQ by 45.4% during the third quarter. V Square Quantitative Management LLC now owns 12,647 shares of the auto parts company’s stock valued at $505,000 after purchasing an additional 3,951 shares during the period. Net Worth Advisory Group purchased a new stake in LKQ in the third quarter worth $424,000. Finally, Blue Trust Inc. raised its stake in shares of LKQ by 40.6% in the third quarter. Blue Trust Inc. now owns 2,262 shares of the auto parts company’s stock valued at $94,000 after buying an additional 653 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.