LKQ (NASDAQ:LKQ) Price Target Lowered to $48.00 at Robert W. Baird

LKQ (NASDAQ:LKQ) had its target price lowered by research analysts at Robert W. Baird from $50.00 to $48.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has an “outperform” rating on the auto parts company’s stock. Robert W. Baird’s price objective would indicate a potential upside of 27.42% from the company’s previous close.

Several other brokerages have also recently issued reports on LKQ. Barrington Research reaffirmed an “outperform” rating and set a $60.00 target price on shares of LKQ in a research report on Wednesday, September 18th. Roth Mkm reissued a “buy” rating and set a $59.00 price target on shares of LKQ in a research report on Thursday, September 12th. JPMorgan Chase & Co. lifted their price objective on shares of LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a research report on Thursday, September 12th. Finally, StockNews.com cut shares of LKQ from a “buy” rating to a “hold” rating in a research report on Tuesday, September 17th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $57.60.

LKQ Stock Performance

Shares of NASDAQ:LKQ opened at $37.67 on Friday. LKQ has a one year low of $35.57 and a one year high of $53.68. The firm has a market cap of $10.05 billion, a PE ratio of 12.23 and a beta of 1.28. The firm’s 50 day simple moving average is $40.07 and its 200-day simple moving average is $42.08. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.70 and a current ratio of 1.75.

LKQ (NASDAQ:LKQ) last released its quarterly earnings data on Thursday, October 24th. The auto parts company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.01. The firm had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.65 billion. LKQ had a return on equity of 15.33% and a net margin of 5.03%. The firm’s quarterly revenue was up .4% on a year-over-year basis. During the same period in the previous year, the company posted $0.86 earnings per share. As a group, equities analysts predict that LKQ will post 3.55 EPS for the current year.

Insider Buying and Selling

In related news, SVP Matthew J. Mckay purchased 2,500 shares of the business’s 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 purchase, the senior vice president now owns 94,670 shares of the company’s stock, valued at $3,763,132.50. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.55% of the stock is owned by company insiders.

Institutional Trading of LKQ

Several large investors have recently added to or reduced their stakes in LKQ. Rothschild Investment LLC purchased a new stake in LKQ in the second quarter valued at approximately $33,000. Allworth Financial LP lifted its stake in LKQ by 94.2% during the 3rd quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company’s stock valued at $40,000 after acquiring an additional 490 shares during the period. Bruce G. Allen Investments LLC boosted its holdings in shares of LKQ by 33.5% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,151 shares of the auto parts company’s stock valued at $46,000 after acquiring an additional 289 shares during the last quarter. Banque Cantonale Vaudoise increased its stake in shares of LKQ by 29.8% in the second quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company’s stock worth $50,000 after acquiring an additional 278 shares during the period. Finally, Fidelis Capital Partners LLC purchased a new position in shares of LKQ during the first quarter worth $56,000. Hedge funds and other institutional investors own 95.63% of the company’s stock.

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.