LKQ’s (LKQ) “Outperform” Rating Reaffirmed at Barrington Research

Barrington Research reissued their outperform rating on shares of LKQ (NASDAQ:LKQ) in a report released on Friday morning, Benzinga reports. The brokerage currently has a $60.00 price objective on the auto parts company’s stock.

Other research analysts also recently issued research reports about the company. Stifel Nicolaus restated a buy rating and issued a $66.00 target price on shares of LKQ in a research note on Tuesday, April 9th. Robert W. Baird cut their price objective on shares of LKQ from $58.00 to $54.00 and set an outperform rating for the company in a research report on Wednesday, April 24th. Finally, Roth Mkm reaffirmed a buy rating and set a $65.00 price objective on shares of LKQ in a research note on Tuesday, April 23rd. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $61.60.

LKQ Price Performance

LKQ opened at $45.09 on Friday. The company has a market capitalization of $12.03 billion, a price-to-earnings ratio of 14.64 and a beta of 1.29. The company has a quick ratio of 0.68, a current ratio of 1.70 and a debt-to-equity ratio of 0.67. The firm has a 50-day moving average price of $42.61 and a 200-day moving average price of $46.68. LKQ has a twelve month low of $39.72 and a twelve month high of $58.35.

LKQ (NASDAQ:LKQ) last released its quarterly earnings data on Tuesday, April 23rd. The auto parts company reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.13). The business had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.76 billion. LKQ had a net margin of 5.79% and a return on equity of 15.94%. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.04 earnings per share. Equities analysts expect that LKQ will post 3.94 EPS for the current year.

Insider Activity

In related news, Director Xavier Urbain sold 867 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $44.50, for a total value of $38,581.50. Following the transaction, the director now directly owns 15,606 shares in the company, valued at $694,467. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.55% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CVA Family Office LLC bought a new stake in LKQ during the fourth quarter worth about $26,000. Private Trust Co. NA lifted its position in LKQ by 228.4% in the 4th quarter. Private Trust Co. NA now owns 647 shares of the auto parts company’s stock worth $31,000 after buying an additional 450 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in LKQ by 40.8% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 777 shares of the auto parts company’s stock worth $37,000 after buying an additional 225 shares during the last quarter. Quarry LP boosted its stake in LKQ by 65.1% in the fourth quarter. Quarry LP now owns 900 shares of the auto parts company’s stock worth $43,000 after buying an additional 355 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in shares of LKQ by 2,145.2% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 943 shares of the auto parts company’s stock worth $45,000 after acquiring an additional 901 shares in the last quarter. 95.63% of the stock is currently owned by hedge funds and other institutional investors.

LKQ Company Profile

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.