A number of other equities research analysts have also recently commented on LKQ. Zacks Investment Research cut shares of LKQ from a hold rating to a sell rating and set a $29.00 price target on the stock. in a report on Tuesday. Wellington Shields cut shares of LKQ from a buy rating to a gradually accumulate rating in a report on Thursday, July 25th. BidaskClub upgraded shares of LKQ from a sell rating to a hold rating in a report on Thursday. Raymond James cut shares of LKQ from an outperform rating to a market perform rating in a report on Friday, July 26th. Finally, Barrington Research set a $43.00 price target on shares of LKQ and gave the company a buy rating in a report on Tuesday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $34.50.
LKQ traded up $0.19 during midday trading on Thursday, reaching $32.74. The company’s stock had a trading volume of 1,388,903 shares, compared to its average volume of 2,458,762. The firm has a market capitalization of $8.83 billion, a price-to-earnings ratio of 14.95, a PEG ratio of 0.88 and a beta of 1.31. The company has a current ratio of 2.20, a quick ratio of 0.94 and a debt-to-equity ratio of 1.03. LKQ has a 1 year low of $22.74 and a 1 year high of $33.22. The stock’s 50-day moving average is $26.19 and its 200-day moving average is $27.32.
LKQ (NASDAQ:LKQ) last announced its quarterly earnings data on Thursday, July 25th. The auto parts company reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.01. LKQ had a net margin of 3.36% and a return on equity of 14.54%. The business had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.28 billion. During the same quarter in the prior year, the company earned $0.61 earnings per share. The business’s revenue was up 7.2% compared to the same quarter last year. As a group, equities research analysts forecast that LKQ will post 2.33 earnings per share for the current fiscal year.
In related news, EVP John S. Quinn sold 10,721 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $27.04, for a total transaction of $289,895.84. Following the transaction, the executive vice president now owns 254,674 shares in the company, valued at $6,886,384.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.71% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Oakworth Capital Inc. purchased a new position in LKQ in the 2nd quarter valued at approximately $26,000. Icon Wealth Partners LLC purchased a new stake in LKQ in the 1st quarter valued at about $31,000. Optimum Investment Advisors grew its holdings in LKQ by 211.1% in the 2nd quarter. Optimum Investment Advisors now owns 1,400 shares of the auto parts company’s stock valued at $37,000 after buying an additional 950 shares during the period. Amica Retiree Medical Trust purchased a new stake in LKQ in the 2nd quarter valued at about $38,000. Finally, Investors Research Corp grew its holdings in LKQ by 33.3% in the 2nd quarter. Investors Research Corp now owns 1,600 shares of the auto parts company’s stock valued at $43,000 after buying an additional 400 shares during the period. Institutional investors and hedge funds own 91.77% 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 four segments: Wholesale – North America, Europe, Specialty, and Self Service. 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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