1 day Ago By ABMN Staff
LKQ ( NASDAQ:LKQ – Get Free Report ) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday. LKQ has been the subject of a number of other research reports.
Roth Mkm reiterated a “buy” rating and set a $59.00 price objective on shares of LKQ in a research note on Thursday, September 12th. Robert W.
Baird decreased their price target on LKQ from $54.00 to $50.00 and set an “outperform” rating for the company in a report on Friday, July 26th.
Barrington Research restated an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a research report on Thursday, July 25th. Finally, JPMorgan Chase & Co.
lifted their target price on shares of LKQ from $54.00 to $55.00 and gave the company an “overweight” rating in a report on Thursday, September 12th.
One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $58.
00. Check Out Our Latest Stock Analysis on LKQ LKQ Trading Down 0.2 % LKQ ( NASDAQ:LKQ – Get Free Report ) last announced its quarterly earnings data on Thursday, July 25th.
The auto parts company reported $0.98 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.
05). The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.
87 billion. LKQ had a net margin of 5.03% and a return on equity of 15.
33%. The business’s revenue was up 7.3% on a year-over-year basis.
During the same quarter in the previous year, the firm posted $1.09 earnings per share. Sell-side analysts anticipate that LKQ will post 3.
6 EPS for the current year. Insider Activity In related news, Director Andrew C. Clarke bought 7,600 shares of the business’s stock in a transaction dated Friday, July 26th.
The stock was acquired at an average price of $39.70 per share, with a total value of $301,720.00.
Following the completion of the purchase, the director now directly owns 10,519 shares of the company’s stock, valued at $417,604.30. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website .
In other news, SVP Matthew J. Mckay purchased 2,500 shares of the stock in a transaction dated Monday, July 29th. The shares were purchased at an average cost of $39.
75 per share, with a total value of $99,375.00. Following the completion of the purchase, the senior vice president now directly owns 94,670 shares of the company’s stock, valued at approximately $3,763,132.
50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website . Also, Director Andrew C.
Clarke acquired 7,600 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was purchased at an average price of $39.70 per share, for a total transaction of $301,720.
00. Following the acquisition, the director now directly owns 10,519 shares in the company, valued at approximately $417,604.30.
The disclosure for this purchase can be found here . Insiders have acquired 12,600 shares of company stock worth $500,870 in the last quarter. Corporate insiders own 0.
55% of the company’s stock. Hedge Funds Weigh In On LKQ Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc.
lifted its position in LKQ by 2.2% during the first quarter. Vanguard Group Inc.
now owns 30,897,480 shares of the auto parts company’s stock worth $1,650,234,000 after buying an additional 656,883 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of LKQ by 7.
9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 11,944,496 shares of the auto parts company’s stock valued at $496,772,000 after acquiring an additional 875,420 shares during the last quarter.
Wellington Management Group LLP boosted its position in shares of LKQ by 9.5% during the 4th quarter. Wellington Management Group LLP now owns 11,307,753 shares of the auto parts company’s stock valued at $540,398,000 after acquiring an additional 977,585 shares during the last quarter.
Allspring Global Investments Holdings LLC grew its holdings in shares of LKQ by 1.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 9,113,931 shares of the auto parts company’s stock valued at $486,775,000 after purchasing an additional 111,124 shares during the period.
Finally, Boston Partners increased its position in LKQ by 9.5% during the first quarter. Boston Partners now owns 8,220,571 shares of the auto parts company’s stock worth $438,108,000 after purchasing an additional 712,698 shares during the last quarter.
95.63% of the stock is owned by hedge funds and other institutional investors. LKQ Company Profile ( Get Free Report ) 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. Further Reading Receive News & Ratings for LKQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LKQ and related companies with MarketBeat.
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