Trading Report: The LKQ Corp. (LKQ) Given Outperform Rating at FBR & Co

The LKQ Corp. (LKQ) Given Outperform Rating at FBR & Co

LKQ Corp. (NASDAQ:LKQ)‘s stock had its “outperform” rating reaffirmed by analysts at FBR & Co in a report released on Wednesday. They currently have a $40.00 target price on the stock. FBR & Co’s target price would indicate a potential upside of 16.99% from the stock’s previous close.

Several other equities research analysts also recently weighed in on LKQ. Zacks Investment Research downgraded shares of LKQ Corp. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 28th. Robert W. Baird reaffirmed an “outperform” rating and issued a $36.00 price target on shares of LKQ Corp. in a research note on Tuesday, June 28th. Finally, Susquehanna started coverage on shares of LKQ Corp. in a research note on Thursday, August 25th. They issued a “positive” rating and a $42.00 price target for the company. Ten analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and an average target price of $38.25.

LKQ Corp. (NASDAQ:LKQ) traded down 0.921% during trading on Wednesday, hitting $33.875. 1,118,975 shares of the stock were exchanged. LKQ Corp. has a 52 week low of $23.95 and a 52 week high of $36.35. The firm’s 50-day moving average is $35.55 and its 200 day moving average is $33.44. The firm has a market cap of $10.40 billion, a PE ratio of 23.362 and a beta of 0.72.

LKQ Corp. (NASDAQ:LKQ) last announced its earnings results on Thursday, July 28th. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.07. LKQ Corp. had a net margin of 5.59% and a return on equity of 15.82%. The business earned $2.45 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter last year, the firm earned $0.39 earnings per share. LKQ Corp.’s quarterly revenue was up 33.3% on a year-over-year basis. Analysts expect that LKQ Corp. will post $1.84 earnings per share for the current fiscal year.

In related news, insider Robert L. Wagman sold 20,100 shares of the business’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $34.07, for a total transaction of $684,807.00. Following the transaction, the insider now directly owns 360,456 shares in the company, valued at $12,280,735.92. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Robert L. Wagman sold 1,502 shares of the business’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $34.51, for a total transaction of $51,834.02. Following the transaction, the chief executive officer now owns 358,654 shares in the company, valued at $12,377,149.54. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. IBM Retirement Fund boosted its position in LKQ Corp. by 0.3% in the second quarter. IBM Retirement Fund now owns 36,165 shares of the company’s stock valued at $1,197,000 after buying an additional 111 shares during the period. Montag & Caldwell LLC boosted its position in LKQ Corp. by 0.3% in the second quarter. Montag & Caldwell LLC now owns 43,483 shares of the company’s stock valued at $1,378,000 after buying an additional 150 shares during the period. Panagora Asset Management Inc. boosted its position in LKQ Corp. by 1.3% in the second quarter. Panagora Asset Management Inc. now owns 13,084 shares of the company’s stock valued at $415,000 after buying an additional 165 shares during the period. Gerstein Fisher boosted its position in LKQ Corp. by 0.8% in the second quarter. Gerstein Fisher now owns 21,478 shares of the company’s stock valued at $681,000 after buying an additional 168 shares during the period. Finally, Mn Services Vermogensbeheer B.V. boosted its position in LKQ Corp. by 2.4% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 7,736 shares of the company’s stock valued at $221,000 after buying an additional 180 shares during the period. Institutional investors and hedge funds own 89.92% of the company’s stock.

LKQ Corp. Company Profile

Related posts

Leave a Comment