LKQ Co. (NASDAQ:LKQ) Given Average Rating of “Buy” by Analysts

LKQ Co. (NASDAQ:LKQ) has been assigned a consensus recommendation of “Buy” from the five brokerages that are currently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a buy rating. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $52.40.

LKQ has been the subject of a number of research analyst reports. Robert W. Baird dropped their price target on LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. StockNews.com upgraded shares of LKQ from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Stifel Nicolaus lowered their price target on shares of LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. JPMorgan Chase & Co. reduced their target price on LKQ from $50.00 to $48.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 11th. Finally, Barrington Research reissued an “outperform” rating and set a $60.00 price target on shares of LKQ in a research report on Friday.

Insiders Place Their Bets

In other news, Director Dominick P. Zarcone sold 5,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $36.14, for a total transaction of $180,700.00. Following the completion of the transaction, the director now owns 369,462 shares of the company’s stock, valued at $13,352,356.68. This represents a 1.34 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.55% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On LKQ

A number of institutional investors have recently bought and sold shares of the stock. OLD Second National Bank of Aurora grew its stake in shares of LKQ by 0.7% during the 4th quarter. OLD Second National Bank of Aurora now owns 44,169 shares of the auto parts company’s stock valued at $1,623,000 after buying an additional 287 shares during the period. Private Trust Co. NA increased its stake in LKQ by 31.2% during the third quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company’s stock worth $50,000 after acquiring an additional 299 shares during the last quarter. Asset Management One Co. Ltd. raised its holdings in shares of LKQ by 0.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 103,156 shares of the auto parts company’s stock worth $4,118,000 after purchasing an additional 306 shares during the period. Bank of Nova Scotia lifted its stake in shares of LKQ by 1.0% in the 4th quarter. Bank of Nova Scotia now owns 34,192 shares of the auto parts company’s stock valued at $1,257,000 after purchasing an additional 331 shares in the last quarter. Finally, Cromwell Holdings LLC grew its holdings in shares of LKQ by 81.0% during the 4th quarter. Cromwell Holdings LLC now owns 742 shares of the auto parts company’s stock worth $27,000 after purchasing an additional 332 shares during the period. 95.63% of the stock is currently owned by hedge funds and other institutional investors.

LKQ Stock Performance

LKQ opened at $39.11 on Monday. LKQ has a 1-year low of $35.56 and a 1-year high of $53.68. The stock has a market cap of $10.17 billion, a P/E ratio of 14.59 and a beta of 1.29. The stock’s 50 day simple moving average is $37.49 and its 200 day simple moving average is $38.74. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.72 and a quick ratio of 0.67.

LKQ Company Profile

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.