LKQ (NASDAQ:LKQ) Rating Reiterated by Roth Mkm

LKQ (NASDAQ:LKQ)‘s stock had its “buy” rating reissued by equities research analysts at Roth Mkm in a report released on Tuesday, Benzinga reports. They currently have a $65.00 target price on the auto parts company’s stock. Roth Mkm’s price target would suggest a potential upside of 50.18% from the company’s previous close.

A number of other analysts have also recently weighed in on the stock. Stifel Nicolaus reiterated a “buy” rating and set a $66.00 price target on shares of LKQ in a research note on Tuesday, April 9th. StockNews.com cut shares of LKQ from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd. JPMorgan Chase & Co. decreased their price target on shares of LKQ from $65.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, January 25th. Finally, Barrington Research reiterated an “outperform” rating and set a $60.00 price target on shares of LKQ in a research note on Friday, April 19th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $61.60.

LKQ Trading Up 3.9 %

NASDAQ LKQ opened at $43.28 on Tuesday. The company has a quick ratio of 0.53, a current ratio of 1.47 and a debt-to-equity ratio of 0.59. LKQ has a 52 week low of $41.30 and a 52 week high of $59.38. The stock has a market capitalization of $11.55 billion, a PE ratio of 12.37 and a beta of 1.28. The firm has a 50 day moving average of $51.08 and a two-hundred day moving average of $48.30.

LKQ (NASDAQ:LKQ) last issued its earnings results on Tuesday, April 23rd. The auto parts company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.13). LKQ had a net margin of 6.75% and a return on equity of 17.24%. The company had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.76 billion. During the same quarter in the previous year, the company posted $1.04 EPS. The company’s quarterly revenue was up 10.6% on a year-over-year basis. As a group, research analysts expect that LKQ will post 4.07 EPS for the current fiscal year.

Insiders Place Their Bets

In other LKQ news, CEO Dominick P. Zarcone sold 200,000 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $51.97, for a total transaction of $10,394,000.00. Following the completion of the transaction, the chief executive officer now owns 386,522 shares in the company, valued at approximately $20,087,548.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.45% of the stock is owned by insiders.

Hedge Funds Weigh In On LKQ

A number of large investors have recently made changes to their positions in LKQ. Norges Bank purchased a new position in shares of LKQ in the 4th quarter valued at about $159,324,000. Boston Partners increased its holdings in shares of LKQ by 22.0% in the 4th 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 in the last quarter. Morgan Stanley increased its holdings in shares of LKQ by 13.7% in the 3rd quarter. Morgan Stanley now owns 9,907,659 shares of the auto parts company’s stock valued at $490,528,000 after purchasing an additional 1,195,122 shares in the last quarter. Cooke & Bieler LP increased its holdings in shares of LKQ by 95.1% in the 4th 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 in the last quarter. Finally, Wellington Management Group LLP increased its holdings in shares of LKQ by 9.5% in 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 purchasing an additional 977,585 shares in the last quarter. Hedge funds and other institutional investors own 95.63% of the company’s stock.

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.