BidaskClub Upgrades LKQ (NASDAQ:LKQ) to Sell

LKQ (NASDAQ:LKQ) was upgraded by equities research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report issued on Friday, BidAskClub reports.

Separately, Barrington Research reiterated a “buy” rating and issued a $42.50 price objective on shares of LKQ in a report on Monday, February 24th. Three analysts have rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. LKQ presently has an average rating of “Hold” and a consensus price target of $38.44.

LKQ stock opened at $22.25 on Friday. The company’s fifty day simple moving average is $27.94 and its 200-day simple moving average is $32.15. The company has a quick ratio of 0.88, a current ratio of 2.15 and a debt-to-equity ratio of 0.96. LKQ has a 12 month low of $13.31 and a 12 month high of $36.63. The stock has a market cap of $5.21 billion, a P/E ratio of 12.79, a P/E/G ratio of 0.46 and a beta of 1.36.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings results on Thursday, February 20th. The auto parts company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.52 by $0.02. LKQ had a net margin of 4.33% and a return on equity of 14.95%. The business had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $3.02 billion. During the same period in the previous year, the company posted $0.48 EPS. LKQ’s revenue was up .2% on a year-over-year basis. On average, equities research analysts expect that LKQ will post 2.46 earnings per share for the current fiscal year.

In related news, Director A Clinton Allen sold 20,000 shares of the company’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $20.75, for a total value of $415,000.00. Following the completion of the sale, the director now directly owns 241,266 shares in the company, valued at $5,006,269.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.71% of the company’s stock.

A number of large investors have recently modified their holdings of LKQ. Parametric Portfolio Associates LLC lifted its position in LKQ by 9.3% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 896,516 shares of the auto parts company’s stock worth $28,195,000 after acquiring an additional 76,574 shares during the last quarter. Stifel Financial Corp lifted its position in LKQ by 2.2% during the 3rd quarter. Stifel Financial Corp now owns 147,913 shares of the auto parts company’s stock worth $4,645,000 after acquiring an additional 3,190 shares during the last quarter. Credit Suisse AG lifted its position in LKQ by 99.7% during the 4th quarter. Credit Suisse AG now owns 676,347 shares of the auto parts company’s stock worth $24,145,000 after acquiring an additional 337,747 shares during the last quarter. Voya Investment Management LLC lifted its position in LKQ by 41.7% during the 3rd quarter. Voya Investment Management LLC now owns 211,068 shares of the auto parts company’s stock worth $6,639,000 after acquiring an additional 62,138 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in LKQ by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 631,671 shares of the auto parts company’s stock worth $19,866,000 after acquiring an additional 3,548 shares during the last quarter. Hedge funds and other institutional investors own 93.02% of the company’s stock.

LKQ Company Profile

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.

Recommended Story: Hold Rating

Analyst Recommendations for LKQ (NASDAQ:LKQ)

Receive News & Ratings for LKQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LKQ and related companies with MarketBeat.com's FREE daily email newsletter.