LKQ (NASDAQ:LKQ) Price Target Cut to $54.00 by Analysts at Robert W. Baird

LKQ (NASDAQ:LKQ) had its target price cut by equities research analysts at Robert W. Baird from $58.00 to $54.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the auto parts company’s stock. Robert W. Baird’s target price indicates a potential upside of 25.82% from the stock’s previous close.

A number of other equities analysts have also recently commented on LKQ. Stifel Nicolaus reissued a “buy” rating and issued a $66.00 price objective on shares of LKQ in a research note on Tuesday, April 9th. Barrington Research reaffirmed an “outperform” rating and set a $60.00 price target on shares of LKQ in a research note on Friday, April 19th. JPMorgan Chase & Co. dropped their price target on shares of LKQ from $65.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, January 25th. StockNews.com cut shares of LKQ from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd. Finally, Roth Mkm reaffirmed a “buy” rating and set a $65.00 price target on shares of LKQ in a research note on Tuesday. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, LKQ currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.60.

LKQ Stock Performance

Shares of NASDAQ:LKQ opened at $42.92 on Wednesday. LKQ has a 52 week low of $41.30 and a 52 week high of $59.38. The stock has a market capitalization of $11.45 billion, a P/E ratio of 13.94 and a beta of 1.28. The firm has a fifty day simple moving average of $50.97 and a two-hundred day simple moving average of $48.27. The company has a quick ratio of 0.53, a current ratio of 1.70 and a debt-to-equity ratio of 0.67.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings data on Tuesday, April 23rd. The auto parts company reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.13). LKQ had a return on equity of 15.94% and a net margin of 5.79%. The business had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.76 billion. During the same period in the previous year, the business earned $1.04 earnings per share. The business’s quarterly revenue was up 10.6% on a year-over-year basis. On average, analysts expect that LKQ will post 3.98 earnings per share for the current fiscal year.

Insider Buying and Selling at LKQ

In other LKQ news, CEO Dominick P. Zarcone sold 200,000 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $51.97, for a total value of $10,394,000.00. Following the completion of the sale, the chief executive officer now directly owns 386,522 shares of the company’s stock, valued at approximately $20,087,548.34. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.55% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On LKQ

Several large investors have recently added to or reduced their stakes in the stock. OFI Invest Asset Management bought a new stake in shares of LKQ in the 3rd quarter valued at about $26,000. CVA Family Office LLC bought a new stake in shares of LKQ in the 4th quarter valued at about $26,000. Private Trust Co. NA raised its holdings in shares of LKQ by 228.4% in the 4th quarter. Private Trust Co. NA now owns 647 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 450 shares in the last quarter. NBC Securities Inc. bought a new stake in shares of LKQ in the 3rd quarter valued at about $34,000. Finally, Headinvest LLC bought a new stake in shares of LKQ in the 3rd quarter valued at about $34,000. 95.63% of the stock is owned by hedge funds and other 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.