LKQ Co. (NASDAQ:LKQ) SVP Scott A. Romberger sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $19.96, for a total value of $199,600.00.
LKQ stock traded up $0.10 during mid-day trading on Friday, reaching $35.20. The stock had a trading volume of 1,899,200 shares, compared to its average volume of 2,661,045. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.93 and a current ratio of 2.18. The stock’s 50-day simple moving average is $31.89 and its 200-day simple moving average is $28.23. LKQ Co. has a fifty-two week low of $22.74 and a fifty-two week high of $36.11. The firm has a market capitalization of $11.00 billion, a PE ratio of 16.07, a price-to-earnings-growth ratio of 1.09 and a beta of 1.32.
LKQ (NASDAQ:LKQ) last released its earnings results on Thursday, October 31st. The auto parts company reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.03. LKQ had a return on equity of 14.79% and a net margin of 3.50%. The business had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.14 billion. During the same period last year, the business posted $0.56 earnings per share. The business’s revenue for the quarter was up .8% on a year-over-year basis. On average, research analysts forecast that LKQ Co. will post 2.34 earnings per share for the current fiscal year.
Several research firms recently commented on LKQ. Stifel Nicolaus set a $44.00 target price on LKQ and gave the stock a “buy” rating in a research note on Friday, November 1st. Guggenheim set a $38.00 price objective on LKQ and gave the company a “buy” rating in a research note on Friday, November 1st. Wellington Shields cut LKQ from a “buy” rating to a “gradually accumulate” rating in a research note on Thursday, July 25th. Wolfe Research set a $41.00 price objective on LKQ and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, BidaskClub cut LKQ from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $38.44.
A number of large investors have recently added to or reduced their stakes in the business. Oakworth Capital Inc. purchased a new position in shares of LKQ in the second quarter valued at $26,000. Optimum Investment Advisors grew its position in shares of LKQ by 211.1% in the second quarter. Optimum Investment Advisors now owns 1,400 shares of the auto parts company’s stock valued at $37,000 after purchasing an additional 950 shares in the last quarter. Amica Retiree Medical Trust purchased a new position in shares of LKQ in the second quarter valued at $38,000. Investors Research Corp grew its position in shares of LKQ by 33.3% in the second quarter. Investors Research Corp now owns 1,600 shares of the auto parts company’s stock valued at $43,000 after purchasing an additional 400 shares in the last quarter. Finally, Bessemer Group Inc. grew its position in shares of LKQ by 522.3% in the second quarter. Bessemer Group Inc. now owns 1,817 shares of the auto parts company’s stock valued at $48,000 after purchasing an additional 1,525 shares in the last quarter. 91.16% of the stock is owned by institutional investors and hedge funds.
LKQ Company Profile
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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