BidaskClub Downgrades LKQ (LKQ) to Sell
LKQ (NASDAQ:LKQ) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.
Other equities research analysts have also issued reports about the company. Zacks Investment Research upgraded LKQ from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research report on Tuesday, August 7th. SunTrust Banks initiated coverage on LKQ in a research report on Tuesday, May 29th. They set a “buy” rating and a $40.00 price objective for the company. Barrington Research restated a “buy” rating and set a $45.00 price objective on shares of LKQ in a research report on Thursday, July 26th. Wellington Shields upgraded LKQ from an “accumulate” rating to a “buy” rating in a research report on Thursday, May 31st. Finally, ValuEngine upgraded LKQ from a “sell” rating to a “hold” rating in a research report on Friday, June 1st. Two analysts have rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $43.89.
Shares of LKQ opened at $33.00 on Wednesday. The stock has a market capitalization of $10.47 billion, a P/E ratio of 16.29, a P/E/G ratio of 0.96 and a beta of 1.21. LKQ has a 1-year low of $29.60 and a 1-year high of $43.86. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.05 and a current ratio of 2.57.
In other news, Director Guhan Subramanian purchased 1,500 shares of LKQ stock in a transaction dated Thursday, June 21st. The stock was acquired at an average cost of $32.31 per share, for a total transaction of $48,465.00. Following the acquisition, the director now directly owns 29,081 shares in the company, valued at $939,607.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John S. Quinn sold 8,019 shares of LKQ stock in a transaction dated Tuesday, July 17th. The shares were sold at an average price of $33.51, for a total value of $268,716.69. Following the sale, the executive vice president now owns 265,014 shares of the company’s stock, valued at $8,880,619.14. The disclosure for this sale can be found here. Company insiders own 0.80% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Piedmont Investment Advisors LLC acquired a new stake in shares of LKQ during the 2nd quarter valued at about $115,000. IFP Advisors Inc lifted its holdings in shares of LKQ by 605.9% during the 1st quarter. IFP Advisors Inc now owns 3,614 shares of the auto parts company’s stock valued at $137,000 after buying an additional 3,102 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of LKQ by 7,663.0% during the 2nd quarter. Assetmark Inc. now owns 4,192 shares of the auto parts company’s stock valued at $134,000 after buying an additional 4,138 shares during the last quarter. Captrust Financial Advisors lifted its holdings in shares of LKQ by 229.9% during the 2nd quarter. Captrust Financial Advisors now owns 4,632 shares of the auto parts company’s stock valued at $148,000 after buying an additional 3,228 shares during the last quarter. Finally, Point72 Asia Hong Kong Ltd lifted its holdings in shares of LKQ by 4,221.7% during the 1st quarter. Point72 Asia Hong Kong Ltd now owns 4,970 shares of the auto parts company’s stock valued at $189,000 after buying an additional 4,855 shares during the last quarter. Institutional investors and hedge funds own 89.41% of the company’s stock.
LKQ Company Profile
LKQ Corporation, together with its subsidiaries, distributes replacement parts, components, and systems used in the repair and maintenance of vehicles in North America, Europe, and Taiwan. It operates in 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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