LKQ Corp (NASDAQ:LKQ) 2017 Q3 Sentiment

January 14, 2018 - By Kurt Siggers

 LKQ Corp (NASDAQ:LKQ)  2017 Q3 Sentiment

Sentiment for LKQ Corp (NASDAQ:LKQ)

LKQ Corp (NASDAQ:LKQ) institutional sentiment decreased to 0.92 in Q3 2017. Its down -0.09, from 1.01 in 2017Q2. The ratio dropped, as 192 investment managers started new and increased equity positions, while 208 sold and reduced their stakes in LKQ Corp. The investment managers in our partner’s database now have: 273.62 million shares, down from 276.76 million shares in 2017Q2. Also, the number of investment managers holding LKQ Corp in their top 10 equity positions increased from 9 to 12 for an increase of 3. Sold All: 33 Reduced: 175 Increased: 137 New Position: 55.

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. The company has market cap of $13.43 billion. It operates in three divisions: North America, Europe, and Specialty. It has a 27.29 P/E ratio. The firm distributes bumper covers, automotive body panels, lights, and automotive glass products, such as windshields; salvage products, including mechanical and collision parts comprising engines, transmissions, door assemblies, sheet metal products, 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.

The stock increased 1.12% or $0.48 during the last trading session, reaching $43.47. About 1.15M shares traded. LKQ Corporation (NASDAQ:LKQ) has declined 1.30% since January 14, 2017 and is downtrending. It has underperformed by 18.00% the S&P500.

Analysts await LKQ Corporation (NASDAQ:LKQ) to report earnings on February, 22. They expect $0.43 EPS, up 22.86 % or $0.08 from last year’s $0.35 per share. LKQ’s profit will be $132.89M for 25.27 P/E if the $0.43 EPS becomes a reality. After $0.45 actual EPS reported by LKQ Corporation for the previous quarter, Wall Street now forecasts -4.44 % negative EPS growth.

12Th Street Asset Management Company Llc holds 10.5% of its portfolio in LKQ Corporation for 1.13 million shares. Hound Partners Llc owns 9.81 million shares or 8.4% of their US portfolio. Moreover, Park Presidio Capital Llc has 8.2% invested in the company for 1.40 million shares. The New York-based Aravt Global Llc has invested 8.07% in the stock. Green Valley Investors Llc, a Delaware-based fund reported 3.46 million shares.#img1#

Since January 1, 0001, it had 0 buys, and 3 sales for $5.45 million activity.

LKQ Corporation (NASDAQ:LKQ) Ratings Coverage

Ratings analysis reveals 89% of LKQ’s analysts are positive. Out of 9 Wall Street analysts rating LKQ, 8 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $31 while the high is $48.0. The stock’s average target of $40.63 is -6.53% below today’s ($43.47) share price. LKQ was included in 23 notes of analysts from January 15, 2016. The firm earned “Neutral” rating on Tuesday, July 25 by Northcoast. Robert W. Baird maintained the shares of LKQ in report on Thursday, October 26 with “Buy” rating. The stock of LKQ Corporation (NASDAQ:LKQ) earned “Buy” rating by Jefferies on Friday, January 15. The rating was initiated by Jefferies with “Buy” on Monday, January 18. The firm has “Outperform” rating by Robert W. Baird given on Tuesday, March 22. Stifel Nicolaus maintained LKQ Corporation (NASDAQ:LKQ) on Thursday, July 6 with “Buy” rating. The company was maintained on Friday, December 22 by Robert W. Baird. Jefferies maintained LKQ Corporation (NASDAQ:LKQ) on Tuesday, May 30 with “Buy” rating. The rating was reinitiated by Stifel Nicolaus with “Buy” on Tuesday, November 29. As per Monday, September 25, the company rating was maintained by Stifel Nicolaus.

More news for LKQ Corporation (NASDAQ:LKQ) were recently published by: Streetinsider.com, which released: “Stifel Reiterates Buy on LKQ Corporation (LKQ) After Meeting with Management” on December 27, 2017. Nasdaq.com‘s article titled: “LKQ Corp Aided by New Branch Openings, Margin Woes Remain” and published on December 29, 2017 is yet another important article.

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