LKQ’s (LKQ) Outperform Rating Reiterated at Barrington Research

Barrington Research reissued their outperform rating on shares of LKQ (NASDAQ:LKQ) in a research report sent to investors on Friday morning, Benzinga reports. The firm currently has a $60.00 target price on the auto parts company’s stock.

A number of other equities research analysts also recently weighed in on LKQ. Stifel Nicolaus reiterated a buy rating and set a $66.00 price target on shares of LKQ in a research note on Tuesday, April 9th. Roth Mkm reiterated a buy rating and set a $65.00 target price on shares of LKQ in a research report on Tuesday, April 23rd. Finally, Robert W. Baird dropped their price target on shares of LKQ from $58.00 to $54.00 and set an outperform rating for the company in a research report on Wednesday, April 24th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $61.60.

LKQ Stock Performance

NASDAQ:LKQ opened at $45.09 on Friday. The firm’s 50-day moving average is $42.61 and its 200-day moving average is $46.68. The company has a market cap of $12.03 billion, a price-to-earnings ratio of 14.64 and a beta of 1.29. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.68 and a current ratio of 1.70. LKQ has a 52-week low of $39.72 and a 52-week high of $58.35.

LKQ (NASDAQ:LKQ) last released its earnings results on Tuesday, April 23rd. The auto parts company reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.13). LKQ had a return on equity of 15.94% and a net margin of 5.79%. The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same period last year, the business earned $1.04 earnings per share. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. Equities research analysts anticipate that LKQ will post 3.94 earnings per share for the current year.

Insider Activity

In related news, Director Xavier Urbain sold 867 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $44.50, for a total transaction of $38,581.50. Following the completion of the sale, the director now owns 15,606 shares in the company, valued at approximately $694,467. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.55% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On LKQ

A number of large investors have recently bought and sold shares of LKQ. Nisa Investment Advisors LLC boosted its stake in LKQ by 12.1% in the second quarter. Nisa Investment Advisors LLC now owns 56,870 shares of the auto parts company’s stock worth $2,365,000 after purchasing an additional 6,131 shares in the last quarter. Leeward Investments LLC MA raised its holdings in shares of LKQ by 13.0% in the second quarter. Leeward Investments LLC MA now owns 439,559 shares of the auto parts company’s stock valued at $18,281,000 after buying an additional 50,684 shares during the last quarter. Vista Investment Partners LLC acquired a new position in LKQ during the 2nd quarter worth about $1,600,000. TCW Group Inc. bought a new stake in LKQ during the 2nd quarter worth about $6,601,000. Finally, Blue Trust Inc. increased its position in LKQ by 101.6% in the 2nd quarter. Blue Trust Inc. now owns 1,609 shares of the auto parts company’s stock valued at $67,000 after acquiring an additional 811 shares in the last quarter. 95.63% of the stock is currently owned by institutional investors.

About LKQ

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.