Shares of LKQ Co. (NASDAQ:LKQ) have been assigned an average recommendation of “Hold” from the fifteen research firms that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $34.78.
Several brokerages recently weighed in on LKQ. Stephens dropped their target price on LKQ from $33.00 to $32.00 and set an “overweight” rating for the company in a report on Friday, May 1st. Stifel Nicolaus cut their target price on shares of LKQ from $44.00 to $41.00 and set a “buy” rating on the stock in a report on Friday, April 24th. Northcoast Research lowered shares of LKQ from a “buy” rating to a “neutral” rating in a report on Monday, June 8th. JPMorgan Chase & Co. raised their price target on shares of LKQ from $29.00 to $32.00 and gave the stock an “overweight” rating in a report on Friday, June 19th. Finally, SunTrust Banks lowered their price objective on shares of LKQ from $42.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, April 20th.
Institutional investors have recently added to or reduced their stakes in the business. Northwestern Mutual Investment Management Company LLC raised its holdings in LKQ by 33.6% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 15,908 shares of the auto parts company’s stock worth $326,000 after buying an additional 4,004 shares during the last quarter. Canada Pension Plan Investment Board increased its position in shares of LKQ by 4.7% during the first quarter. Canada Pension Plan Investment Board now owns 41,751 shares of the auto parts company’s stock valued at $857,000 after acquiring an additional 1,890 shares in the last quarter. Credit Suisse AG lifted its position in LKQ by 99.7% in the 4th quarter. Credit Suisse AG now owns 676,347 shares of the auto parts company’s stock valued at $24,145,000 after acquiring an additional 337,747 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in LKQ by 432.3% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 384,352 shares of the auto parts company’s stock valued at $7,883,000 after purchasing an additional 312,145 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in LKQ by 5.6% during the 1st quarter. Geode Capital Management LLC now owns 5,745,729 shares of the auto parts company’s stock valued at $117,653,000 after purchasing an additional 305,599 shares during the last quarter. 91.25% of the stock is currently owned by institutional investors and hedge funds.
LKQ (NASDAQ:LKQ) last released its earnings results on Thursday, April 30th. The auto parts company reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.08. LKQ had a return on equity of 14.85% and a net margin of 4.74%. The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.97 billion. During the same quarter in the previous year, the company posted $0.56 EPS. LKQ’s quarterly revenue was down 3.2% compared to the same quarter last year. Equities research analysts forecast that LKQ will post 1.55 EPS for the current fiscal year.
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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