LKQ (NASDAQ:LKQ) PT Lowered to $47.00 at Stifel Nicolaus

LKQ (NASDAQ:LKQ) had its target price lowered by research analysts at Stifel Nicolaus from $53.00 to $47.00 in a research note issued on Friday, Benzinga reports. The firm presently has a “buy” rating on the auto parts company’s stock. Stifel Nicolaus’ price objective indicates a potential upside of 23.13% from the stock’s current price.

LKQ has been the subject of several other research reports. Barrington Research restated an “outperform” rating and issued a $60.00 target price on shares of LKQ in a research note on Wednesday, September 18th. Robert W. Baird reduced their price objective on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Friday. StockNews.com cut shares of LKQ from a “buy” rating to a “hold” rating in a research note on Tuesday, September 17th. JPMorgan Chase & Co. raised their price objective on shares of LKQ from $54.00 to $55.00 and gave the company an “overweight” rating in a research note on Thursday, September 12th. Finally, Roth Mkm restated a “buy” rating and set a $59.00 target price on shares of LKQ in a report on Thursday, September 12th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, LKQ has a consensus rating of “Moderate Buy” and a consensus target price of $53.80.

LKQ Stock Performance

NASDAQ:LKQ traded up $0.50 during trading hours on Friday, reaching $38.17. 723,547 shares of the company’s stock were exchanged, compared to its average volume of 1,893,645. The firm has a market capitalization of $10.18 billion, a price-to-earnings ratio of 12.43 and a beta of 1.28. The company has a 50-day moving average of $40.07 and a 200 day moving average of $42.08. The company has a quick ratio of 0.70, a current ratio of 1.75 and a debt-to-equity ratio of 0.69. LKQ has a 1-year low of $35.57 and a 1-year high of $53.68.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.01. The firm had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.65 billion. LKQ had a net margin of 5.03% and a return on equity of 15.33%. LKQ’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.86 EPS. Research analysts anticipate that LKQ will post 3.55 EPS for the current year.

Insider Transactions at LKQ

In other news, SVP Matthew J. Mckay purchased 2,500 shares of the stock in a transaction dated Monday, July 29th. The stock was acquired at an average cost of $39.75 per share, for a total transaction of $99,375.00. Following the completion of the acquisition, the senior vice president now directly owns 94,670 shares in the company, valued at $3,763,132.50. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.55% of the company’s stock.

Institutional Investors Weigh In On LKQ

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in LKQ by 2.2% in the first quarter. Vanguard Group Inc. now owns 30,897,480 shares of the auto parts company’s stock valued at $1,650,234,000 after purchasing an additional 656,883 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in LKQ by 7.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 11,944,496 shares of the auto parts company’s stock valued at $496,772,000 after purchasing an additional 875,420 shares during the period. Boston Partners grew its holdings in LKQ by 9.5% in the first quarter. Boston Partners now owns 8,220,571 shares of the auto parts company’s stock valued at $438,108,000 after purchasing an additional 712,698 shares during the period. Nordea Investment Management AB grew its holdings in LKQ by 1.4% in the first quarter. Nordea Investment Management AB now owns 7,396,653 shares of the auto parts company’s stock valued at $396,461,000 after purchasing an additional 103,659 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in LKQ by 6.1% in the second quarter. Dimensional Fund Advisors LP now owns 4,398,538 shares of the auto parts company’s stock valued at $182,936,000 after purchasing an additional 253,639 shares during the period. 95.63% of the stock is currently owned by hedge funds and other 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.