NEW YORK, December 12, 2016 /PRNewswire/ --
Stock-Callers.com today monitors the performances of these Auto Parts equities: LKQ Corp. (NASDAQ: LKQ), American Axle & Manufacturing Holdings Inc. (NYSE: AXL), Lear Corp. (NYSE: LEA), and Meritor Inc. (NYSE: MTOR). The global auto component industry is a very diverse sector that involves engine and auto component manufacturers, including aftermarket parts manufacturers, suppliers, dealers, and retailers. Register now and get full and free access to our downloadable research reports on these stocks at:
Chicago, Illinois headquartered LKQ Corp.'s stock recorded a trading volume of 1.58 million shares last Friday, and finished the trading session 1.87% higher at $34.29. The Company's shares have gained 6.86% in the last one month and 15.73% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 4.20% and 3.93%, respectively. Furthermore, shares of LKQ Corp. have a Relative Strength Index (RSI) of 65.81.
On November 28th, 2016, LKQ announced that it has entered into an agreement to acquire an equity interest in Mekonomen AB from Axel Johnson AB (AXJ). Headquartered in Stockholm, Sweden, Mekonomen Group is the leading independent car parts and service chain in the Nordic region of Europe, offering a wide range of quality products including spare parts and accessories for cars, and workshop services for consumers and businesses. Under terms of the definitive agreement, LKQ will acquire a 26.5% equity interest in Mekonomen AB from AXJ, and the transaction is expected to close in early December. LKQ intends to nominate two representatives for election to Mekonomen AB's board of directors to replace AXJ's two representatives.
On November 29th, 2016, research firm Stifel resumed its 'Buy' rating on the Company's stock, issuing a target price of $37 per share. Access our complete research report on LKQ for free at:
American Axle & Manufacturing
On Friday, Detroit, Michigan headquartered American Axle & Manufacturing Holdings Inc.'s stock ended the session 0.61% higher at $18.01. A total volume of 942,822 shares was traded. The Company's shares have advanced 30.89% in the last one month and 8.89% over the previous three months. The stock is trading 9.74% above its 50-day moving average and 11.75% above its 200-day moving average. Moreover, shares of the Company, which together with its subsidiaries, designs, engineers, validates, and manufactures driveline and drivetrain systems, and related components and chassis modules for the automotive industry in the US, Canada, Mexico, South America, Asia, Europe, and internationally, have an RSI of 68.03.
On December 1st, 2016, research firm Deutsche Bank upgraded the Company's stock rating from 'Hold' to 'Buy'. The research firm revised downwards its previous target price from $21 a share to $20 a share. The complimentary research report on AXL can be downloaded at:
Southfield, Michigan headquartered Lear Corp.'s stock ended the day 0.49% higher at $138.80 with a total trading volume of 452,177 shares. The Company's shares have gained 18.97% in the last month, 20.38% in the previous three months, and 14.18% on an YTD basis. The stock is trading 13.18% and 21.24% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Lear have an RSI of 77.58.
On December 1st, 2016, Lear introduced 'Crafted by Lear', a dedicated team offering advanced development solutions to create differentiated design for next generation seating. 'Crafted by Lear' aims to work closely with automakers early in the design process to bring their most imaginative seat designs into production. Register for free on Stock-Callers.com and get access to the latest PDF format report on LEA at:
Shares in Troy, Michigan headquartered Meritor Inc. recorded a trading volume of 493,348 shares, and ended Friday's session 0.60% lower at $13.20. The stock has surged 22.79% in the last month, 20.55% over the previous three months, and 58.08% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 15.78% and 40.12%, respectively. Furthermore, shares of Meritor have an RSI of 69.36.
On November 16th, 2016, Meritor posted sales of $728 million for Q4 FY16, down $125 million, or 15%, from Q4 FY15. This decrease was primarily due to lower commercial truck production in North America. Net income attributed to Meritor for Q4 FY16 was $452 million, or $5.10 per diluted share, compared to a net loss of $21 million, or $0.22 per diluted share, in Q4 FY15. Download your free research report on MTOR at:
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