Brokerages Set LKQ Co. (LKQ) Target Price at $37.25

Shares of LKQ Co. (NASDAQ:LKQ) have been assigned a consensus recommendation of “Hold” from the ten research firms that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $37.25.

LKQ has been the subject of a number of recent analyst reports. TheStreet raised LKQ from a “c” rating to a “b-” rating in a research report on Thursday, April 25th. Guggenheim raised LKQ from a “neutral” rating to a “buy” rating and set a $33.00 target price for the company in a research report on Wednesday, March 6th. Barrington Research reissued a “buy” rating on shares of LKQ in a research report on Tuesday, March 5th. BidaskClub raised LKQ from a “hold” rating to a “buy” rating in a research report on Tuesday, April 16th. Finally, Raymond James set a $33.00 target price on LKQ and gave the stock a “buy” rating in a research report on Friday, April 26th.

Shares of LKQ traded down $0.16 during trading hours on Friday, hitting $26.94. The company had a trading volume of 93,673 shares, compared to its average volume of 3,438,564. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.36 and a quick ratio of 0.99. The firm has a market cap of $8.51 billion, a PE ratio of 12.27, a P/E/G ratio of 0.87 and a beta of 1.29. LKQ has a 52-week low of $22.74 and a 52-week high of $36.10.

LKQ (NASDAQ:LKQ) last issued its earnings results on Thursday, April 25th. The auto parts company reported $0.56 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.56. LKQ had a return on equity of 14.39% and a net margin of 3.47%. The business had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.14 billion. During the same quarter in the previous year, the firm earned $0.55 EPS. LKQ’s revenue was up 13.9% on a year-over-year basis. As a group, sell-side analysts anticipate that LKQ will post 2.39 EPS for the current year.

In other LKQ news, Director Robert M. Hanser sold 1,131 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $27.93, for a total transaction of $31,588.83. Following the completion of the sale, the director now directly owns 13,923 shares in the company, valued at approximately $388,869.39. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP John S. Quinn sold 6,861 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $27.63, for a total value of $189,569.43. Following the sale, the executive vice president now owns 241,563 shares of the company’s stock, valued at $6,674,385.69. The disclosure for this sale can be found here. Insiders own 0.71% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in LKQ. M&T Bank Corp grew its stake in shares of LKQ by 1.8% during the 1st quarter. M&T Bank Corp now owns 21,917 shares of the auto parts company’s stock valued at $621,000 after acquiring an additional 380 shares during the period. SG Americas Securities LLC grew its stake in shares of LKQ by 0.6% during the 4th quarter. SG Americas Securities LLC now owns 67,203 shares of the auto parts company’s stock valued at $1,595,000 after acquiring an additional 394 shares during the period. Sumitomo Mitsui Asset Management Company LTD grew its stake in shares of LKQ by 1.8% during the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 22,193 shares of the auto parts company’s stock valued at $629,000 after acquiring an additional 403 shares during the period. Piedmont Investment Advisors Inc. grew its stake in shares of LKQ by 4.7% during the 1st quarter. Piedmont Investment Advisors Inc. now owns 8,961 shares of the auto parts company’s stock valued at $254,000 after acquiring an additional 405 shares during the period. Finally, ETF Managers Group LLC grew its stake in shares of LKQ by 15.8% during the 4th quarter. ETF Managers Group LLC now owns 3,436 shares of the auto parts company’s stock valued at $82,000 after acquiring an additional 468 shares during the period. Institutional investors and hedge funds own 90.70% 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. It operates in four segments: Wholesale – North America, Europe, Specialty, and Self Service. 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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Analyst Recommendations for LKQ (NASDAQ:LKQ)

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