LKQ (NASDAQ:LKQ) PT Lowered to $50.00 at Robert W. Baird

LKQ (NASDAQ:LKQ) had its target price cut by research analysts at Robert W. Baird from $54.00 to $50.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has an “outperform” rating on the auto parts company’s stock. Robert W. Baird’s target price indicates a potential upside of 28.37% from the company’s current price.

LKQ has been the subject of several other reports. Barrington Research reaffirmed an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a research note on Thursday. Roth Mkm reaffirmed a “buy” rating and issued a $65.00 price objective on shares of LKQ in a research note on Thursday. Finally, Stifel Nicolaus reissued a “buy” rating and set a $66.00 price target on shares of LKQ in a research report on Tuesday, April 9th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, LKQ presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.80.

LKQ Stock Down 12.4 %

LKQ opened at $38.95 on Friday. LKQ has a 12 month low of $35.57 and a 12 month high of $57.73. The stock has a market capitalization of $10.39 billion, a P/E ratio of 12.65 and a beta of 1.29. The business has a 50 day simple moving average of $42.65 and a 200-day simple moving average of $46.64. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.70 and a quick ratio of 0.68.

LKQ (NASDAQ:LKQ) last released its quarterly earnings data on Thursday, July 25th. The auto parts company reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.05). LKQ had a net margin of 5.79% and a return on equity of 15.94%. The firm had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.87 billion. During the same period in the previous year, the business earned $1.09 earnings per share. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, equities analysts anticipate that LKQ will post 3.94 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other LKQ news, Director Xavier Urbain sold 867 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $44.50, for a total transaction of $38,581.50. Following the completion of the transaction, the director now owns 15,606 shares of the company’s stock, valued at $694,467. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.55% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On LKQ

A number of hedge funds and other institutional investors have recently made changes to their positions in LKQ. Norges Bank purchased a new stake in shares of LKQ in the fourth quarter valued at $159,324,000. Boston Partners grew its position in shares of LKQ by 22.0% in the fourth quarter. Boston Partners now owns 7,507,873 shares of the auto parts company’s stock valued at $358,848,000 after purchasing an additional 1,351,389 shares during the period. Cooke & Bieler LP grew its position in shares of LKQ by 95.1% in the fourth quarter. Cooke & Bieler LP now owns 2,403,053 shares of the auto parts company’s stock valued at $114,842,000 after purchasing an additional 1,171,225 shares during the period. Wellington Management Group LLP grew its position in shares of LKQ by 9.5% in the fourth quarter. Wellington Management Group LLP now owns 11,307,753 shares of the auto parts company’s stock valued at $540,398,000 after purchasing an additional 977,585 shares during the period. Finally, Polaris Capital Management LLC purchased a new stake in shares of LKQ in the first quarter valued at $36,821,000. Hedge funds and other institutional investors own 95.63% of the company’s stock.

About LKQ

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.