LKQ (LKQ) Cut to “Hold” at Wellington Shields
Wellington Shields cut shares of LKQ (NASDAQ:LKQ) from a buy rating to a hold rating in a research note released on Friday morning, The Fly reports.
Several other equities analysts have also weighed in on the stock. BidaskClub upgraded shares of LKQ from a buy rating to a strong-buy rating in a report on Friday, October 6th. Robert W. Baird reiterated a buy rating and set a $42.00 price objective on shares of LKQ in a report on Friday, October 27th. Wolfe Research began coverage on shares of LKQ in a report on Tuesday, November 7th. They issued an outperform rating on the stock. Jefferies Group restated a buy rating and issued a $43.00 target price on shares of LKQ in a report on Sunday, October 29th. Finally, FBR & Co restated a buy rating and issued a $41.00 target price on shares of LKQ in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company. LKQ currently has an average rating of Buy and an average price target of $40.67.
LKQ (LKQ) opened at $39.28 on Friday. LKQ has a fifty-two week low of $27.85 and a fifty-two week high of $39.94. The firm has a market cap of $12,151.62, a PE ratio of 21.60, a PEG ratio of 1.16 and a beta of 0.97. The company has a current ratio of 2.82, a quick ratio of 1.10 and a debt-to-equity ratio of 0.75.
LKQ (NASDAQ:LKQ) last announced its quarterly earnings data on Thursday, October 26th. The auto parts company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.03. LKQ had a net margin of 5.27% and a return on equity of 15.10%. The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same quarter in the prior year, the business earned $0.41 earnings per share. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. sell-side analysts forecast that LKQ will post 1.89 EPS for the current fiscal year.
In related news, VP Victor M. Casini sold 25,000 shares of the company’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $36.82, for a total value of $920,500.00. Following the sale, the vice president now owns 213,884 shares in the company, valued at approximately $7,875,208.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.10% of the company’s stock.
A number of large investors have recently bought and sold shares of the business. Fairpointe Capital LLC increased its stake in LKQ by 9.0% in the 2nd quarter. Fairpointe Capital LLC now owns 3,199,715 shares of the auto parts company’s stock valued at $105,430,000 after buying an additional 264,587 shares during the last quarter. Janus Henderson Group PLC increased its stake in LKQ by 106.7% in the 3rd quarter. Janus Henderson Group PLC now owns 2,508,044 shares of the auto parts company’s stock valued at $90,264,000 after buying an additional 1,294,439 shares during the last quarter. Riverbridge Partners LLC increased its stake in LKQ by 1.1% in the 3rd quarter. Riverbridge Partners LLC now owns 1,618,654 shares of the auto parts company’s stock valued at $58,255,000 after buying an additional 16,860 shares during the last quarter. New York State Common Retirement Fund increased its stake in LKQ by 0.8% in the 2nd quarter. New York State Common Retirement Fund now owns 1,272,596 shares of the auto parts company’s stock valued at $41,932,000 after buying an additional 9,599 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its stake in LKQ by 1.9% in the 3rd quarter. Neuberger Berman Group LLC now owns 1,261,900 shares of the auto parts company’s stock valued at $45,416,000 after buying an additional 23,317 shares during the last quarter. Hedge funds and other institutional investors own 91.68% of the company’s stock.
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LKQ Corporation (LKQ) is a distributor of vehicle products, including replacement parts, components and systems used in the repair and maintenance of vehicles, as well as specialty vehicle products and accessories, and automotive glass products. The Company’s segments include Wholesale-North America; Europe; Specialty, and Self Service.
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