Barrington Research Reiterates “Outperform” Rating for LKQ (NASDAQ:LKQ)

LKQ (NASDAQ:LKQ)‘s stock had its “outperform” rating restated by analysts at Barrington Research in a research report issued on Friday,Benzinga reports. They currently have a $60.00 price target on the auto parts company’s stock. Barrington Research’s price objective would indicate a potential upside of 53.41% from the company’s current price.

A number of other analysts have also recently commented on the stock. JPMorgan Chase & Co. lowered 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. Stifel Nicolaus cut their price objective on LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a report on Friday, October 25th. StockNews.com raised LKQ from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Finally, Robert W. Baird decreased their price target on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $52.40.

LKQ Stock Performance

LKQ stock opened at $39.11 on Friday. The stock has a 50-day simple moving average of $37.49 and a 200 day simple moving average of $38.76. LKQ has a 12-month low of $35.56 and a 12-month high of $53.68. The company has a quick ratio of 0.67, a current ratio of 1.72 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $10.17 billion, a price-to-earnings ratio of 14.59 and a beta of 1.29.

Insiders Place Their Bets

In other LKQ news, Director Dominick P. Zarcone sold 5,000 shares of the business’s stock in a transaction that occurred 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 sale, the director now directly owns 369,462 shares of the company’s stock, valued at $13,352,356.68. The trade was a 1.34 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.55% of the company’s stock.

Hedge Funds Weigh In On LKQ

A number of hedge funds have recently modified their holdings of LKQ. Pacer Advisors Inc. raised its position in LKQ by 112.9% during the 4th quarter. Pacer Advisors Inc. now owns 42,563 shares of the auto parts company’s stock worth $1,564,000 after purchasing an additional 22,575 shares during the last quarter. Nordea Investment Management AB increased its position in shares of LKQ by 11.0% during the fourth quarter. Nordea Investment Management AB now owns 8,406,444 shares of the auto parts company’s stock worth $309,609,000 after buying an additional 833,519 shares during the period. Rehmann Capital Advisory Group acquired a new stake in LKQ during the 3rd quarter worth about $634,000. Quantbot Technologies LP grew its stake in LKQ by 27,310.6% during the third quarter. Quantbot Technologies LP now owns 64,415 shares of the auto parts company’s stock worth $2,571,000 after purchasing an additional 64,180 shares during the period. Finally, Albert D Mason Inc. grew its position in shares of LKQ by 33.3% during the 4th quarter. Albert D Mason Inc. now owns 42,151 shares of the auto parts company’s stock worth $1,549,000 after buying an additional 10,533 shares during the period. Institutional investors and hedge funds own 95.63% of the company’s stock.

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.