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LKQ (NASDAQ:LKQ - Get Rating) was downgraded by stock analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a research report issued on Saturday.
A number of other brokerages also recently issued reports on LKQ. MKM Partners began coverage on LKQ in a research note on Wednesday, July 13th. They issued a "buy" rating and a $68.00 price objective for the company. Guggenheim upped their price target on LKQ to $70.00 in a research report on Monday, August 15th.LKQ Trading Down 3.2 %
NASDAQ LKQ opened at $53.99 on Friday. The company has a market cap of $14.81 billion, a price-to-earnings ratio of 12.82 and a beta of 1.40. LKQ has a 52 week low of $42.36 and a 52 week high of $60.43. The business has a 50 day moving average price of $52.54 and a 200-day moving average price of $49.96. The company has a quick ratio of 0.68, a current ratio of 1.74 and a debt-to-equity ratio of 0.41.
LKQ (NASDAQ:LKQ - Get Rating) last released its quarterly earnings data on Thursday, July 28th. The auto parts company reported $1.09 EPS for the quarter, beating the consensus estimate of $1.02 by $0.07. LKQ had a return on equity of 19.88% and a net margin of 9.21%. The firm had revenue of $3.30 billion during the quarter, compared to the consensus estimate of $3.39 billion. During the same quarter in the previous year, the company posted $1.13 earnings per share. The company's quarterly revenue was down 3.9% on a year-over-year basis. As a group, equities analysts expect that LKQ will post 3.93 earnings per share for the current fiscal year. Insider Activity
In other news, Director John W. Mendel sold 1,617 shares of the stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $54.61, for a total transaction of $88,304.37. Following the transaction, the director now directly owns 15,203 shares in the company, valued at approximately $830,235.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Joseph M. Holsten sold 70,000 shares of the firm's stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $54.58, for a total transaction of $3,820,600.00. Following the transaction, the director now directly owns 136,901 shares in the company, valued at approximately $7,472,056.58. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director John W. Mendel sold 1,617 shares of LKQ stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $54.61, for a total value of $88,304.37. Following the completion of the sale, the director now owns 15,203 shares in the company, valued at $830,235.83. The disclosure for this sale can be found here. Corporate insiders own 0.47% of the company's stock. Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of LKQ by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 27,471,700 shares of the auto parts company's stock valued at $1,247,489,000 after purchasing an additional 357,868 shares during the period. BlackRock Inc. raised its stake in LKQ by 1.7% during the first quarter. BlackRock Inc. now owns 22,426,167 shares of the auto parts company's stock valued at $1,018,371,000 after buying an additional 385,539 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in LKQ by 8.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 14,508,584 shares of the auto parts company's stock valued at $712,227,000 after buying an additional 1,099,881 shares during the last quarter. State Street Corp raised its stake in LKQ by 4.4% during the fourth quarter. State Street Corp now owns 12,332,198 shares of the auto parts company's stock valued at $740,302,000 after buying an additional 515,085 shares during the last quarter. Finally, Boston Partners raised its stake in LKQ by 5.6% during the first quarter. Boston Partners now owns 12,293,417 shares of the auto parts company's stock valued at $558,155,000 after buying an additional 649,518 shares during the last quarter. Hedge funds and other institutional investors own 94.02% of the company's stock. LKQ Company Profile (Get Rating)
LKQ Corporation distributes replacement parts, components, and systems used in the repair and maintenance of vehicles. It operates through 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.Further ReadingGet a free copy of the StockNews.com research report on LKQ (LKQ)Why This Dip in Advanced Auto Parts May be an OpportunityMarketBeat: Week in Review 8/22 - 8/26Institutional Buying Put A Bottom In Marvell Technology Dell Stock Retreats On Weaker Sales, Falls Into Value Terrirtory3 Reasons Dollar General’s Rally Has Legs
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