LKQ (NASDAQ:LKQ – Get Rating) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Monday.
LKQ has been the subject of a number of other research reports. MKM Partners initiated coverage on shares of LKQ in a research report on Wednesday, July 13th. They set a “buy” rating and a $68.00 price objective for the company. Guggenheim raised their price objective on shares of LKQ to $70.00 in a research note on Monday, August 15th.
LKQ Stock Up 0.7 %
NASDAQ:LKQ traded up $0.37 during mid-day trading on Monday, reaching $49.72. The stock had a trading volume of 929,931 shares, compared to its average volume of 1,698,517. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.74 and a quick ratio of 0.68. The stock’s 50 day simple moving average is $52.18 and its two-hundred day simple moving average is $50.55. LKQ has a 1-year low of $42.36 and a 1-year high of $60.43. The company has a market capitalization of $13.64 billion, a price-to-earnings ratio of 11.81 and a beta of 1.37.
LKQ (NASDAQ:LKQ – Get Rating) last announced its earnings results on Thursday, July 28th. The auto parts company reported $1.09 EPS for the quarter, topping the consensus estimate of $1.02 by $0.07. The firm had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $3.39 billion. LKQ had a return on equity of 19.88% and a net margin of 9.21%. The firm’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.13 earnings per share. Equities analysts anticipate that LKQ will post 3.94 EPS for the current year.
Insider Buying and Selling
In related news, Director Joseph M. Holsten sold 70,000 shares of the company’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $54.58, for a total value of $3,820,600.00. Following the transaction, the director now owns 136,901 shares in the company, valued at approximately $7,472,056.58. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other LKQ news, Director John W. Mendel sold 1,617 shares of the company’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $54.61, for a total transaction of $88,304.37. Following the transaction, the director now owns 15,203 shares in the company, valued at approximately $830,235.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joseph M. Holsten sold 70,000 shares of the company’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $54.58, for a total transaction of $3,820,600.00. Following the transaction, the director now owns 136,901 shares in the company, valued at approximately $7,472,056.58. The disclosure for this sale can be found here. 0.47% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On LKQ
Hedge funds and other institutional investors have recently made changes to their positions in the business. Fifth Third Bancorp increased its position in shares of LKQ by 66.0% during the 1st quarter. Fifth Third Bancorp now owns 5,096 shares of the auto parts company’s stock valued at $231,000 after purchasing an additional 2,026 shares during the last quarter. IFM Investors Pty Ltd increased its holdings in LKQ by 14.3% in the 1st quarter. IFM Investors Pty Ltd now owns 45,314 shares of the auto parts company’s stock worth $2,058,000 after acquiring an additional 5,652 shares in the last quarter. Cetera Advisor Networks LLC increased its holdings in LKQ by 15.4% in the 1st quarter. Cetera Advisor Networks LLC now owns 15,380 shares of the auto parts company’s stock worth $698,000 after acquiring an additional 2,056 shares in the last quarter. Diversified Trust Co increased its holdings in LKQ by 20.5% in the 1st quarter. Diversified Trust Co now owns 103,112 shares of the auto parts company’s stock worth $4,682,000 after acquiring an additional 17,515 shares in the last quarter. Finally, Mutual of America Capital Management LLC increased its holdings in LKQ by 1.1% in the 1st quarter. Mutual of America Capital Management LLC now owns 35,821 shares of the auto parts company’s stock worth $1,627,000 after acquiring an additional 377 shares in the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.
About LKQ
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.
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Read More: LKQ (NASDAQ:LKQ) Upgraded to “Strong-Buy” at StockNews.com