LKQ (NASDAQ:LKQ) PT Lowered to $50.00 at Robert W. Baird

LKQ (NASDAQ:LKQ) had its price objective reduced by investment analysts at Robert W. Baird from $54.00 to $50.00 in a research report issued on Friday, 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 28.37% from the stock’s current price.

Other analysts have also issued reports about the company. Barrington Research reissued an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a report on Thursday. Roth Mkm reaffirmed a “buy” rating and issued a $65.00 price target on shares of LKQ in a research note on Thursday. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $66.00 price target on shares of LKQ in a research note on Tuesday, April 9th. One investment 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 currently has an average rating of “Moderate Buy” and an average target price of $60.80.

LKQ Stock Down 12.4 %

Shares of LKQ opened at $38.95 on Friday. The company has a current ratio of 1.70, a quick ratio of 0.68 and a debt-to-equity ratio of 0.67. LKQ has a 12 month low of $35.57 and a 12 month high of $57.73. The stock’s 50 day moving average is $42.65 and its two-hundred day moving average is $46.64. The firm has a market cap of $10.39 billion, a P/E ratio of 12.65 and a beta of 1.29.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings data on Thursday, July 25th. The auto parts company reported $0.98 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.05). LKQ had a net margin of 5.79% and a return on equity of 15.94%. The business had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.87 billion. During the same period in the previous year, the business posted $1.09 earnings per share. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. Analysts predict that LKQ will post 3.94 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Xavier Urbain sold 867 shares of LKQ stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $44.50, for a total transaction of $38,581.50. Following the transaction, the director now owns 15,606 shares in the company, valued at $694,467. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.55% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On LKQ

Institutional investors have recently added to or reduced their stakes in the stock. CVA Family Office LLC purchased a new stake in LKQ in the fourth quarter valued at $26,000. Private Trust Co. NA raised its position in LKQ by 228.4% in the fourth quarter. Private Trust Co. NA now owns 647 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 450 shares during the period. Benjamin F. Edwards & Company Inc. raised its position in LKQ by 40.8% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 777 shares of the auto parts company’s stock valued at $37,000 after purchasing an additional 225 shares during the period. Quarry LP raised its position in LKQ by 65.1% in the fourth quarter. Quarry LP now owns 900 shares of the auto parts company’s stock valued at $43,000 after purchasing an additional 355 shares during the period. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in LKQ in the fourth quarter valued at $47,000. Hedge funds and other institutional investors own 95.63% of the company’s stock.

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.