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LKQ (NASDAQ:LKQ - Get Rating) was upgraded by StockNews.com from a "buy" rating to a "strong-buy" rating in a report issued on Friday.
A number of other research firms have also recently weighed in on LKQ. Guggenheim increased their price objective on shares of LKQ to $70.00 in a report on Monday. Barrington Research raised shares of LKQ from a "market perform" rating to an "outperform" rating in a research note on Thursday, April 28th. Finally, MKM Partners began coverage on shares of LKQ in a research note on Wednesday, July 13th. They set a "buy" rating and a $68.00 target price on the stock.LKQ Stock Performance
Shares of LKQ stock traded down $0.20 during trading hours on Friday, reaching $56.07. The stock had a trading volume of 942,531 shares, compared to its average volume of 1,747,267. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.74 and a quick ratio of 0.68. LKQ has a twelve month low of $42.36 and a twelve month high of $60.43. The firm has a 50-day simple moving average of $51.85 and a 200-day simple moving average of $50.00. The firm has a market capitalization of $15.39 billion, a PE ratio of 13.32 and a beta of 1.40.
LKQ (NASDAQ:LKQ - Get Rating) last released its quarterly earnings data on Thursday, July 28th. The auto parts company reported $1.09 earnings per share for the quarter, topping analysts' consensus estimates of $1.02 by $0.07. LKQ had a net margin of 9.21% and a return on equity of 19.88%. The business had revenue of $3.30 billion for the quarter, compared to analysts' expectations of $3.39 billion. During the same quarter last year, the company earned $1.13 EPS. The company's revenue for the quarter was down 3.9% compared to the same quarter last year. As a group, equities analysts forecast that LKQ will post 3.93 earnings per share for the current year. Insider Transactions at LKQ
In other news, Director John W. Mendel sold 1,617 shares of LKQ stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $54.61, for a total value of $88,304.37. Following the transaction, the director now owns 15,203 shares of the company's stock, valued at approximately $830,235.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director John W. Mendel sold 1,617 shares of LKQ stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $54.61, for a total value of $88,304.37. Following the transaction, the director now owns 15,203 shares of the company's stock, valued at approximately $830,235.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joseph M. Holsten sold 70,000 shares of the firm's stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $54.58, for a total transaction of $3,820,600.00. Following the completion of the transaction, the director now owns 136,901 shares of the company's stock, valued at $7,472,056.58. The disclosure for this sale can be found here. Corporate insiders own 0.47% of the company's stock. Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of LKQ by 1.3% in the first quarter. Vanguard Group Inc. now owns 27,471,700 shares of the auto parts company's stock worth $1,247,489,000 after buying an additional 357,868 shares during the period. BlackRock Inc. boosted its holdings in shares of LKQ by 1.7% during the first quarter. BlackRock Inc. now owns 22,426,167 shares of the auto parts company's stock worth $1,018,371,000 after purchasing an additional 385,539 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of LKQ by 8.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 14,508,584 shares of the auto parts company's stock worth $712,227,000 after purchasing an additional 1,099,881 shares during the period. State Street Corp boosted its holdings in shares of LKQ by 4.4% during the fourth quarter. State Street Corp now owns 12,332,198 shares of the auto parts company's stock worth $740,302,000 after purchasing an additional 515,085 shares during the period. Finally, Boston Partners boosted its holdings in shares of LKQ by 5.6% during the first quarter. Boston Partners now owns 12,293,417 shares of the auto parts company's stock worth $558,155,000 after purchasing an additional 649,518 shares during the period. 94.02% of the stock is currently owned by institutional investors and hedge funds. About LKQ (Get Rating)
LKQ Corporation distributes replacement parts, components, and systems used in the repair and maintenance of vehicles. It operates through three segments: North America, Europe, and Specialty. 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.Featured ArticlesGet a free copy of the StockNews.com research report on LKQ (LKQ)Apple’s Stock Could Be On The Verge Of Another 30% RallyNear-Term Headwinds Present An Opportunity In Ross StoresInstitutional Support For TJX Companies May Cap GainsIf You Hate Speed Cameras, Then You’ll Like Verra Mobility Stock Is Sanofi A Buy, Despite Recent Stumbles?
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