LKQ Corporation (LKQ) PT Raised to $42.00 at Jefferies Group LLC
LKQ Corporation (NASDAQ:LKQ) had its target price raised by Jefferies Group LLC from $37.00 to $42.00 in a research note issued on Monday, October 2nd. The firm currently has a “buy” rating on the auto parts company’s stock. Jefferies Group LLC’s price objective suggests a potential upside of 12.69% from the stock’s previous close.
LKQ has been the topic of several other research reports. BidaskClub upgraded shares of LKQ Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Susquehanna Bancshares Inc reaffirmed a “positive” rating and set a $40.00 price target (up previously from $38.00) on shares of LKQ Corporation in a research report on Monday, July 31st. Zacks Investment Research lowered shares of LKQ Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Stifel Nicolaus reaffirmed a “buy” rating and set a $37.00 price target on shares of LKQ Corporation in a research report on Thursday, July 6th. Finally, Northcoast Research lowered shares of LKQ Corporation from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. LKQ Corporation currently has a consensus rating of “Buy” and a consensus target price of $40.20.
Shares of LKQ Corporation (NASDAQ LKQ) traded up 0.27% during trading on Monday, hitting $37.27. 1,330,976 shares of the stock were exchanged. The firm’s 50 day moving average price is $35.51 and its 200-day moving average price is $32.72. LKQ Corporation has a 52 week low of $27.85 and a 52 week high of $37.68. The stock has a market cap of $11.51 billion, a P/E ratio of 23.37 and a beta of 0.85.
LKQ Corporation (NASDAQ:LKQ) last posted its earnings results on Thursday, July 27th. The auto parts company reported $0.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.01. The business had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.41 billion. LKQ Corporation had a net margin of 5.31% and a return on equity of 15.74%. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.55 EPS. On average, analysts predict that LKQ Corporation will post $1.88 EPS for the current year.
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In other LKQ Corporation news, Director A Clinton Allen sold 16,000 shares of the company’s stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $32.92, for a total value of $526,720.00. Following the completion of the transaction, the director now directly owns 196,083 shares in the company, valued at approximately $6,455,052.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John S. Quinn sold 8,230 shares of the company’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $33.15, for a total value of $272,824.50. Following the completion of the transaction, the executive vice president now owns 254,726 shares of the company’s stock, valued at $8,444,166.90. The disclosure for this sale can be found here. Insiders sold a total of 49,230 shares of company stock valued at $1,634,545 over the last three months. 1.10% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Profund Advisors LLC increased its stake in LKQ Corporation by 0.3% in the first quarter. Profund Advisors LLC now owns 7,384 shares of the auto parts company’s stock worth $216,000 after purchasing an additional 22 shares during the period. Cleararc Capital Inc. increased its stake in LKQ Corporation by 0.9% in the first quarter. Cleararc Capital Inc. now owns 7,543 shares of the auto parts company’s stock worth $221,000 after purchasing an additional 69 shares during the period. Pacer Advisors Inc. increased its stake in LKQ Corporation by 3.5% in the first quarter. Pacer Advisors Inc. now owns 5,387 shares of the auto parts company’s stock worth $158,000 after purchasing an additional 181 shares during the period. Advantus Capital Management Inc increased its stake in LKQ Corporation by 0.6% in the first quarter. Advantus Capital Management Inc now owns 30,972 shares of the auto parts company’s stock worth $907,000 after purchasing an additional 187 shares during the period. Finally, Arizona State Retirement System increased its stake in LKQ Corporation by 0.3% in the first quarter. Arizona State Retirement System now owns 76,200 shares of the auto parts company’s stock worth $2,230,000 after purchasing an additional 200 shares during the period. Hedge funds and other institutional investors own 92.61% of the company’s stock.
About LKQ Corporation
LKQ Corporation (LKQ) is a distributor of vehicle products, including replacement parts, components and systems used in the repair and maintenance of vehicles, as well as specialty vehicle products and accessories, and automotive glass products. The Company’s segments include Wholesale-North America; Europe; Specialty, and Self Service.
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