LKQ (NASDAQ:LKQ)'s stock had its "buy" rating reissued by analysts at Barrington Research in a report issued on Tuesday, AnalystRatings.com reports.
Separately, Zacks Investment Research lowered LKQ from a "buy" rating to a "hold" rating and set a $38.00 price objective for the company. in a research report on Tuesday, December 29th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of "Buy" and a consensus target price of $40.71.
NASDAQ LKQ opened at $38.99 on Tuesday. LKQ has a twelve month low of $13.31 and a twelve month high of $40.04. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.96 and a current ratio of 2.13. The stock has a market cap of $11.87 billion, a price-to-earnings ratio of 19.89 and a beta of 1.67. The firm's 50 day moving average price is $37.38 and its two-hundred day moving average price is $34.10.
LKQ (NASDAQ:LKQ) last released its earnings results on Wednesday, February 17th. The auto parts company reported $0.69 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.59 by $0.10. LKQ had a return on equity of 14.23% and a net margin of 5.12%. On average, research analysts forecast that LKQ will post 2.43 EPS for the current fiscal year.
In related news, Director Joseph M. Holsten sold 70,000 shares of the stock in a transaction that occurred on Wednesday, December 9th. The stock was sold at an average price of $37.23, for a total value of $2,606,100.00. Following the transaction, the director now owns 201,337 shares in the company, valued at $7,495,776.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.71% of the company's stock.
Large investors have recently modified their holdings of the stock. Prospera Financial Services Inc acquired a new position in LKQ during the third quarter worth $28,000. Column Capital Advisors LLC bought a new position in shares of LKQ in the 3rd quarter valued at approximately $39,000. Accel Wealth Management acquired a new stake in LKQ in the 4th quarter worth approximately $42,000. First Horizon Advisors Inc. boosted its position in LKQ by 33.9% during the third quarter. First Horizon Advisors Inc. now owns 1,690 shares of the auto parts company's stock worth $47,000 after purchasing an additional 428 shares during the period. Finally, Huntington National Bank boosted its position in LKQ by 106.7% during the third quarter. Huntington National Bank now owns 2,325 shares of the auto parts company's stock worth $64,000 after purchasing an additional 1,200 shares during the period. Hedge funds and other institutional investors own 90.91% of the company's stock.
LKQ Corporation, together with its subsidiaries, distributes replacement parts, components, and systems used in the repair and maintenance of vehicles. It operates in three segments: North America, Europe, and Specialty. The company distributes bumper covers, automotive body panels, and lights, as well as automotive glass products, such as windshields; 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.
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