Brokerages Set LKQ Corporation (NASDAQ:LKQ) Price Target at $44.33

LKQ Corporation (NASDAQ:LKQ) has earned a consensus recommendation of “Hold” from the eight research firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $44.3333.

LKQ has been the topic of several research reports. Barclays started coverage on LKQ in a report on Tuesday, November 11th. They issued an “equal weight” rating and a $33.00 price target on the stock. Zacks Research cut LKQ from a “hold” rating to a “strong sell” rating in a report on Monday, January 26th. Wall Street Zen downgraded LKQ from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Stephens began coverage on LKQ in a research note on Tuesday, December 9th. They issued an “overweight” rating and a $39.00 price target on the stock. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of LKQ in a research note on Monday, December 29th.

LKQ Stock Performance

NASDAQ:LKQ opened at $34.58 on Thursday. The company has a 50-day moving average of $31.56 and a 200-day moving average of $31.07. The firm has a market cap of $8.85 billion, a price-to-earnings ratio of 12.81 and a beta of 0.91. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 0.55. LKQ has a twelve month low of $28.13 and a twelve month high of $44.82.

Hedge Funds Weigh In On LKQ

Several institutional investors and hedge funds have recently added to or reduced their stakes in LKQ. Rossby Financial LCC boosted its position in shares of LKQ by 159.4% in the third quarter. Rossby Financial LCC now owns 882 shares of the auto parts company’s stock worth $27,000 after buying an additional 542 shares during the period. Heartwood Wealth Advisors LLC purchased a new stake in LKQ in the 3rd quarter worth about $31,000. Torren Management LLC acquired a new stake in LKQ during the 4th quarter worth about $32,000. Cullen Frost Bankers Inc. grew its stake in LKQ by 254.7% during the 4th 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 increased its holdings 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 period. 95.63% of the stock is currently owned by hedge funds and other institutional investors.

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.