LKQ (NASDAQ:LKQ) Raised to Hold at ValuEngine

ValuEngine upgraded shares of LKQ (NASDAQ:LKQ) from a sell rating to a hold rating in a research note released on Thursday morning, ValuEngine reports.

A number of other research analysts also recently commented on LKQ. Wellington Shields downgraded LKQ from a buy rating to a gradually accumulate rating in a research note on Thursday, July 25th. BidaskClub upgraded LKQ from a sell rating to a hold rating in a research note on Thursday. Zacks Investment Research downgraded LKQ from a hold rating to a sell rating and set a $29.00 price objective for the company. in a research note on Tuesday. Barrington Research set a $43.00 price objective on LKQ and gave the stock a buy rating in a research note on Tuesday. Finally, Raymond James downgraded LKQ from an outperform rating to a market perform rating in a research note on Friday, July 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $34.50.

Shares of LKQ stock traded up $0.19 on Thursday, hitting $32.74. 1,388,903 shares of the stock traded hands, compared to its average volume of 2,458,762. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.20 and a quick ratio of 0.94. The company has a market capitalization of $8.83 billion, a PE ratio of 14.95, a PEG ratio of 0.88 and a beta of 1.31. LKQ has a 1-year low of $22.74 and a 1-year high of $33.22. The company’s fifty day moving average is $26.19 and its 200 day moving average is $27.32.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings results on Thursday, July 25th. The auto parts company reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.01. The business had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.28 billion. LKQ had a return on equity of 14.54% and a net margin of 3.36%. The business’s revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.61 EPS. As a group, equities research analysts expect that LKQ will post 2.33 EPS for the current year.

In other news, EVP John S. Quinn sold 10,721 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $27.04, for a total value of $289,895.84. Following the completion of the transaction, the executive vice president now owns 254,674 shares of the company’s stock, valued at $6,886,384.96. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.71% of the company’s stock.

Several large investors have recently added to or reduced their stakes in LKQ. Investors Research Corp grew its holdings in LKQ by 33.3% in the 2nd quarter. Investors Research Corp now owns 1,600 shares of the auto parts company’s stock valued at $43,000 after buying an additional 400 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD grew its holdings in LKQ by 1.8% in 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 buying an additional 403 shares during the last quarter. Piedmont Investment Advisors Inc. grew its holdings in LKQ by 4.7% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 8,961 shares of the auto parts company’s stock valued at $254,000 after buying an additional 405 shares during the last quarter. Copperwynd Financial LLC grew its holdings in LKQ by 3.9% in the 2nd quarter. Copperwynd Financial LLC now owns 14,842 shares of the auto parts company’s stock valued at $395,000 after buying an additional 554 shares during the last quarter. Finally, World Asset Management Inc grew its holdings in LKQ by 2.6% in the 2nd quarter. World Asset Management Inc now owns 21,722 shares of the auto parts company’s stock valued at $578,000 after buying an additional 559 shares during the last quarter. 91.77% of the stock is owned by institutional investors.

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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