Barrington Research Reiterates Outperform Rating for LKQ (NASDAQ:LKQ)

LKQ (NASDAQ:LKQ)‘s stock had its “outperform” rating reaffirmed by investment analysts at Barrington Research in a research note issued to investors on Monday,Benzinga reports. They presently have a $60.00 price objective on the auto parts company’s stock. Barrington Research’s target price would suggest a potential upside of 41.98% from the company’s current price.

Several other brokerages also recently issued reports on LKQ. JPMorgan Chase & Co. increased their price objective on LKQ from $48.00 to $49.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. StockNews.com raised shares of LKQ from a “hold” rating to a “buy” rating in a report on Thursday, March 20th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, LKQ currently has a consensus rating of “Buy” and a consensus price target of $52.60.

LKQ Trading Up 2.5 %

Shares of NASDAQ:LKQ opened at $42.26 on Monday. LKQ has a twelve month low of $35.56 and a twelve month high of $46.76. The firm has a market cap of $10.93 billion, a P/E ratio of 16.13 and a beta of 1.09. The company has a 50 day moving average of $41.48 and a 200-day moving average of $39.16. The company has a current ratio of 1.71, a quick ratio of 0.67 and a debt-to-equity ratio of 0.68.

LKQ (NASDAQ:LKQ) last released its earnings results on Thursday, February 20th. The auto parts company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.04. The business had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.42 billion. LKQ had a net margin of 4.81% and a return on equity of 14.93%. As a group, analysts anticipate that LKQ will post 3.57 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Dominick P. Zarcone sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $41.66, for a total value of $416,600.00. Following the completion of the transaction, the director now owns 359,462 shares in the company, valued at $14,975,186.92. The trade was a 2.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold a total of 45,000 shares of company stock worth $1,864,350 in the last three months. Insiders own 0.55% of the company’s stock.

Institutional Investors Weigh In On LKQ

A number of institutional investors and hedge funds have recently made changes to their positions in LKQ. Cambridge Investment Research Advisors Inc. raised its holdings in LKQ by 1.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 18,774 shares of the auto parts company’s stock worth $799,000 after purchasing an additional 286 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of LKQ during the 1st quarter worth approximately $321,000. Canton Hathaway LLC bought a new stake in shares of LKQ during the first quarter worth approximately $255,000. Praxis Investment Management Inc. acquired a new position in LKQ in the first quarter valued at approximately $439,000. Finally, Osborne Partners Capital Management LLC boosted its stake in LKQ by 1.2% in the first quarter. Osborne Partners Capital Management LLC now owns 267,021 shares of the auto parts company’s stock valued at $11,359,000 after acquiring an additional 3,168 shares during the last quarter. Institutional investors own 95.63% of the company’s stock.

About LKQ

LKQ Corporation engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories. It operates through four segments: Wholesale-North America, Europe, Specialty, and Self Service. The company distributes bumper covers, automotive body panels, and lights, as well as mechanical automotive parts and accessories; 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.