LKQ (NASDAQ:LKQ) Given New $48.00 Price Target at JPMorgan Chase & Co.

LKQ (NASDAQ:LKQ) had its price target trimmed by JPMorgan Chase & Co. from $50.00 to $48.00 in a report published on Tuesday,Benzinga reports. The brokerage currently has an overweight rating on the auto parts company’s stock.

Other analysts also recently issued research reports about the company. StockNews.com upgraded LKQ from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Robert W. Baird dropped their target price on LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Barrington Research reiterated an “outperform” rating and issued a $60.00 target price on shares of LKQ in a report on Friday, October 25th. Finally, Stifel Nicolaus dropped their target price on LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, LKQ currently has a consensus rating of “Buy” and an average target price of $52.40.

LKQ Price Performance

NASDAQ LKQ opened at $37.69 on Tuesday. The stock’s 50-day moving average price is $37.53 and its two-hundred day moving average price is $38.79. The company has a current ratio of 1.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.69. The company has a market cap of $9.80 billion, a PE ratio of 14.06 and a beta of 1.29. LKQ has a 1 year low of $35.56 and a 1 year high of $53.68.

Insider Buying and Selling

In other LKQ news, Director Dominick P. Zarcone sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $36.14, for a total transaction of $180,700.00. Following the completion of the sale, the director now owns 369,462 shares of the company’s stock, valued at $13,352,356.68. This represents a 1.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.55% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On LKQ

Large investors have recently added to or reduced their stakes in the stock. Catalyst Capital Advisors LLC bought a new stake in LKQ during the third quarter worth approximately $25,000. Cromwell Holdings LLC boosted its position in LKQ by 81.0% during the fourth quarter. Cromwell Holdings LLC now owns 742 shares of the auto parts company’s stock worth $27,000 after purchasing an additional 332 shares during the period. Allworth Financial LP boosted its position in LKQ by 94.2% during the third quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company’s stock worth $40,000 after purchasing an additional 490 shares during the period. Private Trust Co. NA boosted its position in LKQ by 31.2% during the third quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company’s stock worth $50,000 after purchasing an additional 299 shares during the period. Finally, Kennebec Savings Bank bought a new stake in LKQ during the third quarter worth approximately $57,000. Institutional investors 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.