JPMorgan Chase & Co. Has Lowered Expectations for LKQ (NASDAQ:LKQ) Stock Price

LKQ (NASDAQ:LKQ) had its price target reduced by JPMorgan Chase & Co. from $50.00 to $48.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the auto parts company’s stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 25.89% from the stock’s previous close.

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

LKQ Price Performance

LKQ stock opened at $38.13 on Tuesday. LKQ has a 1 year low of $35.56 and a 1 year high of $53.68. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.72 and a quick ratio of 0.67. The stock has a market cap of $9.91 billion, a price-to-earnings ratio of 14.23 and a beta of 1.29. The company has a 50 day simple moving average of $37.51 and a 200 day simple moving average of $38.78.

Insider Activity at LKQ

In related news, Director Dominick P. Zarcone sold 5,000 shares of LKQ stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $36.84, for a total transaction of $184,200.00. Following the completion of the transaction, the director now owns 374,462 shares of the company’s stock, valued at $13,795,180.08. This trade represents a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.55% of the stock is currently owned by company insiders.

Institutional Trading of LKQ

A number of large investors have recently bought and sold shares of LKQ. Massachusetts Financial Services Co. MA boosted its position in shares of LKQ by 0.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 11,977,708 shares of the auto parts company’s stock valued at $478,150,000 after purchasing an additional 33,212 shares in the last quarter. State Street Corp lifted its stake in LKQ by 1.2% in the third quarter. State Street Corp now owns 11,449,166 shares of the auto parts company’s stock valued at $457,051,000 after buying an additional 134,176 shares during the period. Nordea Investment Management AB lifted its stake in LKQ by 11.0% in the fourth quarter. Nordea Investment Management AB now owns 8,406,444 shares of the auto parts company’s stock valued at $309,609,000 after buying an additional 833,519 shares during the period. Geode Capital Management LLC boosted its holdings in shares of LKQ by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 6,591,553 shares of the auto parts company’s stock worth $241,643,000 after buying an additional 48,813 shares in the last quarter. Finally, FMR LLC grew its position in shares of LKQ by 7.3% during the 3rd quarter. FMR LLC now owns 6,020,689 shares of the auto parts company’s stock worth $240,346,000 after buying an additional 411,390 shares during the period. 95.63% of the stock is currently owned by institutional investors and hedge funds.

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.