LKQ Co. (NASDAQ:LKQ) Director Guhan Subramanian acquired 1,500 shares of the company’s stock in a transaction that occurred on Thursday, June 21st. The shares were acquired at an average cost of $32.31 per share, for a total transaction of $48,465.00. Following the purchase, the director now directly owns 29,081 shares in the company, valued at approximately $939,607.11. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of NASDAQ LKQ opened at $32.87 on Monday. The stock has a market capitalization of $10.18 billion, a PE ratio of 17.48, a P/E/G ratio of 0.96 and a beta of 0.99. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.74 and a quick ratio of 1.11. LKQ Co. has a fifty-two week low of $29.60 and a fifty-two week high of $43.86.
LKQ (NASDAQ:LKQ) last announced its quarterly earnings data on Thursday, April 26th. The auto parts company reported $0.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.04). The company had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.62 billion. LKQ had a net margin of 5.44% and a return on equity of 14.52%. LKQ’s revenue was up 16.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.49 EPS. sell-side analysts forecast that LKQ Co. will post 2.27 EPS for the current fiscal year.
Several brokerages recently commented on LKQ. Zacks Investment Research raised LKQ from a “sell” rating to a “hold” rating in a research note on Tuesday, June 5th. BidaskClub upgraded LKQ from a “hold” rating to a “buy” rating in a report on Tuesday, June 5th. ValuEngine upgraded LKQ from a “sell” rating to a “hold” rating in a report on Friday, June 1st. Wellington Shields upgraded LKQ from an “accumulate” rating to a “buy” rating in a report on Thursday, May 31st. Finally, SunTrust Banks assumed coverage on LKQ in a report on Tuesday, May 29th. They set a “buy” rating and a $40.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. LKQ presently has an average rating of “Buy” and an average target price of $44.30.
Several hedge funds and other institutional investors have recently made changes to their positions in LKQ. Point72 Asset Management L.P. acquired a new stake in LKQ in the 1st quarter valued at about $48,281,000. Raymond James & Associates lifted its stake in LKQ by 1.4% in the 4th quarter. Raymond James & Associates now owns 175,884 shares of the auto parts company’s stock valued at $7,153,000 after purchasing an additional 2,489 shares during the last quarter. Lunia Capital LP acquired a new stake in LKQ in the 4th quarter valued at about $12,202,000. American International Group Inc. lifted its stake in LKQ by 11.5% in the 4th quarter. American International Group Inc. now owns 114,919 shares of the auto parts company’s stock valued at $4,674,000 after purchasing an additional 11,844 shares during the last quarter. Finally, Fred Alger Management Inc. lifted its stake in LKQ by 1,182.5% in the 4th quarter. Fred Alger Management Inc. now owns 129,736 shares of the auto parts company’s stock valued at $5,276,000 after purchasing an additional 119,620 shares during the last quarter. Institutional investors own 90.65% of the company’s stock.
LKQ Company Profile
LKQ Corporation, together with its subsidiaries, distributes replacement parts, components, and systems used in the repair and maintenance of vehicles in North America, Europe, and Taiwan. It operates in three segments: North America, Europe, and Specialty. 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.
Receive News & Ratings for LKQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LKQ and related companies with MarketBeat.com's FREE daily email newsletter.