S&P 500   3,841.94
DOW   31,496.30
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S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
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S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
pixel
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S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
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LKQ's (LKQ) Buy Rating Reaffirmed at Barrington Research

Last updated on Tuesday, February 23, 2021 | 2021 MarketBeat

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.

About LKQ

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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Analyst Recommendations for LKQ (NASDAQ:LKQ)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]


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