LKQ’s (LKQ) Outperform Rating Reiterated at Barrington Research

Barrington Research restated their outperform rating on shares of LKQ (NASDAQ:LKQ) in a research report report published on Friday morning,Benzinga reports. Barrington Research currently has a $60.00 price objective on the auto parts company’s stock.

LKQ has been the topic of several other research reports. StockNews.com raised LKQ from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Stifel Nicolaus reduced their price objective on shares of LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, October 25th. JPMorgan Chase & Co. reduced their price objective on shares of LKQ from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Tuesday, February 11th. Finally, Robert W. Baird dropped their target price on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $52.40.

LKQ Stock Up 1.3 %

LKQ stock opened at $39.11 on Friday. The firm has a market cap of $10.17 billion, a PE ratio of 14.59 and a beta of 1.29. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.72. The firm’s 50 day moving average price is $37.49 and its 200-day moving average price is $38.74. LKQ has a one year low of $35.56 and a one year high of $53.68.

Insider Activity

In other news, Director Dominick P. Zarcone sold 5,000 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $36.14, for a total transaction of $180,700.00. Following the transaction, the director now owns 369,462 shares in the company, valued at $13,352,356.68. This represents a 1.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.55% of the stock is owned by company insiders.

Institutional Trading of LKQ

A number of hedge funds have recently bought and sold shares of the stock. Exchange Traded Concepts LLC acquired a new stake in shares of LKQ during the 3rd quarter worth about $177,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of LKQ by 3.4% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 30,567 shares of the auto parts company’s stock valued at $1,220,000 after purchasing an additional 998 shares during the last quarter. V Square Quantitative Management LLC boosted its stake in LKQ by 45.4% during the 3rd quarter. V Square Quantitative Management LLC now owns 12,647 shares of the auto parts company’s stock worth $505,000 after acquiring an additional 3,951 shares during the last quarter. Net Worth Advisory Group bought a new position in LKQ during the 3rd quarter worth approximately $424,000. Finally, Blue Trust Inc. lifted its stake in LKQ by 40.6% in the third quarter. Blue Trust Inc. now owns 2,262 shares of the auto parts company’s stock valued at $94,000 after buying an additional 653 shares in the last quarter. 95.63% of the stock is owned by institutional investors.

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.