LKQ (NASDAQ:LKQ) Raised to “Buy” at Wall Street Zen

LKQ (NASDAQ:LKQ) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

A number of other research analysts have also recently commented on the company. Stephens initiated coverage on LKQ in a research note on Tuesday, December 9th. They set an “overweight” rating and a $39.00 target price on the stock. Barclays initiated coverage on LKQ in a report on Tuesday, November 11th. They set an “equal weight” rating and a $33.00 price objective for the company. Zacks Research lowered LKQ from a “hold” rating to a “strong sell” rating in a research note on Monday, January 26th. Weiss Ratings reiterated a “sell (d+)” rating on shares of LKQ in a research report on Monday, December 29th. Finally, Roth Mkm reissued a “buy” rating and set a $43.00 target price (down from $46.00) on shares of LKQ in a research note on Monday, November 3rd. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, LKQ has a consensus rating of “Hold” and a consensus price target of $44.33.

LKQ Stock Performance

NASDAQ LKQ opened at $34.10 on Friday. The business’s 50 day moving average price is $32.07 and its 200-day moving average price is $31.11. LKQ has a fifty-two week low of $28.13 and a fifty-two week high of $44.82. The company has a market cap of $8.73 billion, a P/E ratio of 12.63 and a beta of 0.91. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.67 and a current ratio of 1.60.

Institutional Trading of LKQ

A number of institutional investors have recently made changes to their positions in the business. Rossby Financial LCC increased its position in LKQ by 159.4% during the 3rd quarter. Rossby Financial LCC now owns 882 shares of the auto parts company’s stock valued at $27,000 after buying an additional 542 shares in the last quarter. Heartwood Wealth Advisors LLC purchased a new stake in shares of LKQ during the third quarter worth about $31,000. Torren Management LLC acquired a new position in shares of LKQ during the fourth quarter valued at about $32,000. Cullen Frost Bankers Inc. increased its holdings in shares of LKQ by 254.7% during the fourth quarter. Cullen Frost Bankers Inc. now owns 1,362 shares of the auto parts company’s stock valued at $41,000 after acquiring an additional 978 shares in the last quarter. Finally, Rothschild Investment LLC raised its position in shares of LKQ by 830.7% in the 3rd quarter. Rothschild Investment LLC now owns 1,424 shares of the auto parts company’s stock valued at $43,000 after purchasing an additional 1,271 shares during the last quarter. Institutional investors and hedge funds own 95.63% of the company’s stock.

LKQ Company Profile

LKQ Corporation is a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles. The company supplies a broad range of replacement components, including recycled original equipment manufacturer (OEM) parts, aftermarket parts, refurbished and remanufactured items. Its products support collision repair, mechanical repair and performance enhancement needs across passenger cars, heavy trucks and recreational vehicles.

Through a combination of in-house operations and strategic acquisitions, LKQ has developed a comprehensive product portfolio that extends beyond core replacement parts.