Zacks Investment Research downgraded shares of LKQ Corp. (NASDAQ:LKQ) from a buy rating to a hold rating in a research note released on Tuesday morning.

According to Zacks, “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. “

Several other equities research analysts have also recently issued reports on the company. FBR & Co restated an outperform rating and set a $40.00 price objective on shares of LKQ Corp. in a report on Wednesday, October 5th. Susquehanna began coverage on LKQ Corp. in a report on Thursday, August 25th. They set a positive rating and a $42.00 price objective on the stock. Finally, Robert W. Baird restated an outperform rating and set a $36.00 price objective on shares of LKQ Corp. in a report on Tuesday, June 28th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $38.25.

LKQ Corp. (NASDAQ:LKQ) traded down 0.21% during trading on Tuesday, hitting $33.04. The stock had a trading volume of 44,610 shares. LKQ Corp. has a one year low of $23.95 and a one year high of $36.35. The firm has a 50 day moving average of $35.25 and a 200-day moving average of $33.52. The company has a market cap of $10.15 billion, a P/E ratio of 22.79 and a beta of 0.72.

LKQ Corp. (NASDAQ:LKQ) last announced its earnings results on Thursday, July 28th. The company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.07. The firm had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $2.42 billion. LKQ Corp. had a return on equity of 15.82% and a net margin of 5.59%. LKQ Corp.’s quarterly revenue was up 33.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.39 EPS. Equities analysts anticipate that LKQ Corp. will post $1.84 earnings per share for the current fiscal year.

In other LKQ Corp. news, insider Robert L. Wagman sold 19,700 shares of LKQ Corp. stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $34.51, for a total value of $679,847.00. Following the completion of the transaction, the insider now directly owns 358,654 shares in the company, valued at $12,377,149.54. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Joseph M. Holsten sold 16,000 shares of LKQ Corp. stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $36.00, for a total value of $576,000.00. Following the completion of the transaction, the director now owns 280,447 shares of the company’s stock, valued at $10,096,092. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

Institutional investors have recently modified their holdings of the stock. Pinkerton Retirement Specialists LLC acquired a new position in shares of LKQ Corp. during the second quarter valued at about $118,000. Mizuho Asset Management Co. Ltd. increased its position in shares of LKQ Corp. by 143.1% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 3,941 shares of the company’s stock valued at $125,000 after buying an additional 2,320 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of LKQ Corp. by 8.5% in the second quarter. Parkside Financial Bank & Trust now owns 4,197 shares of the company’s stock valued at $133,000 after buying an additional 330 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of LKQ Corp. by 21.6% in the second quarter. Tower Research Capital LLC TRC now owns 4,951 shares of the company’s stock valued at $157,000 after buying an additional 879 shares during the last quarter. Finally, Euclid Advisors LLC purchased a new stake in shares of LKQ Corp. during the second quarter valued at approximately $166,000. Institutional investors own 89.91% of the company’s stock.

About LKQ Corp.

LKQ Corporation (LKQ) 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 distributes a range of products to collision and mechanical repair shops, including aftermarket collision and mechanical products, and recycled collision and mechanical products.

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