Robert W. Baird Lowers LKQ (NASDAQ:LKQ) Price Target to $48.00

LKQ (NASDAQ:LKQ) had its target price reduced by equities research analysts at Robert W. Baird from $50.00 to $48.00 in a report issued on Friday, Benzinga reports. The firm presently has an “outperform” rating on the auto parts company’s stock. Robert W. Baird’s target price would indicate a potential upside of 27.83% from the stock’s current price.

A number of other research firms have also weighed in on LKQ. JPMorgan Chase & Co. upped their price target on shares of LKQ from $54.00 to $55.00 and gave the stock an “overweight” rating in a research report on Thursday, September 12th. StockNews.com downgraded shares of LKQ from a “buy” rating to a “hold” rating in a report on Tuesday, September 17th. Roth Mkm reiterated a “buy” rating and issued a $59.00 price target on shares of LKQ in a research note on Thursday, September 12th. Finally, Barrington Research restated an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a research report on Wednesday, September 18th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $53.80.

LKQ Price Performance

NASDAQ LKQ opened at $37.55 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.70 and a current ratio of 1.75. The business’s fifty day moving average is $40.02 and its 200 day moving average is $41.92. The company has a market capitalization of $9.89 billion, a PE ratio of 13.75 and a beta of 1.28. LKQ has a fifty-two week low of $35.57 and a fifty-two week high of $53.68.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings data on Thursday, October 24th. The auto parts company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.01. The firm had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.65 billion. LKQ had a return on equity of 15.33% and a net margin of 5.03%. The business’s quarterly revenue was up .4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.86 EPS. Sell-side analysts predict that LKQ will post 3.54 earnings per share for the current year.

Insider Buying and Selling at LKQ

In other news, SVP Matthew J. Mckay acquired 2,500 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was purchased at an average price of $39.75 per share, for a total transaction of $99,375.00. Following the completion of the transaction, the senior vice president now directly owns 94,670 shares in the company, valued at approximately $3,763,132.50. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.55% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Manning & Napier Advisors LLC purchased a new stake in LKQ during the second quarter valued at $3,839,000. Capital World Investors lifted its holdings in shares of LKQ by 91.0% in the 1st quarter. Capital World Investors now owns 582,953 shares of the auto parts company’s stock valued at $31,136,000 after acquiring an additional 277,700 shares during the last quarter. SG Americas Securities LLC grew its position in LKQ by 133.2% in the first quarter. SG Americas Securities LLC now owns 87,091 shares of the auto parts company’s stock worth $4,652,000 after acquiring an additional 49,739 shares in the last quarter. Addenda Capital Inc. purchased a new position in LKQ in the second quarter worth about $6,419,000. Finally, TCW Group Inc. purchased a new stake in LKQ during the second quarter valued at approximately $6,601,000. 95.63% of the stock is currently owned by institutional investors.

LKQ Company Profile

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.