November 29, 2016 - By Darrin Black
In an analyst note sent to clients and investors on Tuesday morning, LQK Corporation (NASDAQ:LKQ) stock had its “Buy” Rating reaffirmed by stock analysts at Stifel Nicolaus. They currently have a $37.00 target on firm. Stifel Nicolaus’s target means a potential upside of 12.09% from the company’s last close price.
Out of 5 analysts covering LKQ (NASDAQ:LKQ), 5 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $42 is the highest target while $31 is the lowest. The $36.80 average target is 11.48% above today’s ($33.01) stock price. LKQ has been the topic of 6 analyst reports since January 15, 2016 according to StockzIntelligence Inc. The firm has “Positive” rating by Susquehanna given on Friday, August 26. The firm has “Outperform” rating by Robert W. Baird given on Tuesday, March 22. The rating was initiated by Jefferies with “Buy” on Friday, January 15. The firm has “Buy” rating given on Monday, January 18 by Jefferies. The stock of LKQ Corporation (NASDAQ:LKQ) has “Buy” rating given on Wednesday, March 2 by Sterne Agee CRT.
The stock decreased 0.78% or $0.26 during the last trading session, hitting $33.01. About 1.71M shares traded hands. LKQ Corporation (NASDAQ:LKQ) has declined 2.00% since April 26, 2016 and is downtrending. It has underperformed by 7.26% the S&P500.
Analysts await LKQ Corporation (NASDAQ:LKQ) to report earnings on February, 23. They expect $0.40 EPS, up 25.00% or $0.08 from last year’s $0.32 per share. LKQ’s profit will be $122.39 million for 20.63 P/E if the $0.40 EPS becomes a reality. After $0.45 actual EPS reported by LKQ Corporation for the previous quarter, Wall Street now forecasts -11.11% negative EPS growth.
Insitutional Activity: The institutional sentiment decreased to 0.94 in Q2 2016. Its down 0.15, from 1.09 in 2016Q1. The ratio dived, as 47 funds sold all LKQ Corporation shares owned while 169 reduced positions. 89 funds bought stakes while 147 increased positions. They now own 270.85 million shares or 0.60% less from 272.48 million shares in 2016Q1.
Dnb Asset As, a Norway-based fund reported 15,262 shares. King Luther Capital Management holds 74,459 shares or 0.02% of its portfolio. Old Mutual Customised Solutions (Proprietary) Ltd owns 9,000 shares or 0.07% of their US portfolio. Oakbrook Investments Llc accumulated 0.06% or 31,600 shares. Oak Ridge Invs Limited Liability owns 1.56M shares or 1.27% of their US portfolio. Bank & Trust Of America Corporation De accumulated 993,895 shares or 0.01% of the stock. Credit Suisse Ag holds 0.02% or 453,464 shares in its portfolio. Tcw Group has 0.01% invested in the company for 24,675 shares. Tokio Marine Asset Management Com Limited accumulated 0.91% or 279,034 shares. The Massachusetts-based Marble Harbor Invest Counsel Ltd Liability Corp has invested 0.93% in LKQ Corporation (NASDAQ:LKQ). Sumitomo Mitsui Holdings has invested 0.05% of its portfolio in LKQ Corporation (NASDAQ:LKQ). Bessemer Inc has invested 0% of its portfolio in LKQ Corporation (NASDAQ:LKQ). Kalmar Invests De reported 1.27 million shares or 1.78% of all its holdings. Loews Corp has invested 0.08% of its portfolio in LKQ Corporation (NASDAQ:LKQ). Proshare Ltd Limited Liability Company accumulated 0.01% or 28,810 shares.
Insider Transactions: Since June 2, 2016, the stock had 0 insider purchases, and 6 insider sales for $2.50 million net activity. $433,293 worth of LKQ Corporation (NASDAQ:LKQ) shares were sold by Quinn John S. HOLSTEN JOSEPH M sold $576,000 worth of stock. $330,400 worth of LKQ Corporation (NASDAQ:LKQ) was sold by Wagman Robert L.
LKQ Corporation is a global distributor of vehicle products, including replacement parts, components and systems used in the repair and maintenance of vehicles, as well as specialty vehicle products and accessories. The company has a market cap of $10.10 billion. The firm distributes a range of products to collision and mechanical repair shops, including aftermarket collision and mechanical products, and recycled collision and mechanical products. It has a 21.62 P/E ratio. It operates through four divisions: Wholesale – North America; Europe; Specialty, and Self Service.
According to Zacks Investment Research, “LKQ Corp is the largest nationwide provider of recycled OEM automotive replacement parts and related services, with sales and processing facilities and redistribution centers that reach most major markets in the United States.”
LKQ Corporation (LKQ), incorporated on February 13, 1998, is a global distributor of vehicle products, including replacement parts, components and systems used in the repair and maintenance of vehicles, as well as specialty vehicle products and accessories. The firm distributes a variety of products to collision and mechanical repair shops, including aftermarket collision and mechanical products, recycled collision and mechanical products, refurbished collision products, such as wheels, bumper covers and lights, and remanufactured engines. The Firm operates through four divisions: Wholesale – North America; Europe; Specialty, and Self Service.
More news for LKQ Corporation (NASDAQ:LKQ) were recently published by: Reuters.com, which released: “BRIEF-Axel Johnson sells Mekonomen holding to LKQ Corporation” on November 28, 2016. Streetinsider.com‘s article titled: “LKQ Corporation (LKQ) to Take Minority Stake in Mekonomen AB” and published on November 28, 2016 is yet another important article.
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By Darrin Black