LKQ (NASDAQ:LKQ) Upgraded to Buy at Wall Street Zen

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

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

LKQ Trading Up 0.2%

NASDAQ:LKQ opened at $34.10 on Friday. The firm has a market capitalization 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 current ratio of 1.60 and a quick ratio of 0.67. LKQ has a one year low of $28.13 and a one year high of $44.82. The company’s 50-day simple moving average is $32.07 and its 200 day simple moving average is $31.11.

Institutional Investors Weigh In On LKQ

Several institutional investors and hedge funds have recently modified their holdings of LKQ. Seizert Capital Partners LLC boosted its stake in LKQ by 30.1% during the fourth quarter. Seizert Capital Partners LLC now owns 2,178,703 shares of the auto parts company’s stock valued at $65,797,000 after buying an additional 503,998 shares during the last quarter. SG Americas Securities LLC increased its stake in LKQ by 3,046.7% in the 4th quarter. SG Americas Securities LLC now owns 270,525 shares of the auto parts company’s stock worth $8,170,000 after acquiring an additional 261,928 shares during the last quarter. Kennedy Capital Management LLC raised its holdings in shares of LKQ by 41.2% during the 3rd quarter. Kennedy Capital Management LLC now owns 314,467 shares of the auto parts company’s stock worth $9,604,000 after acquiring an additional 91,776 shares in the last quarter. Thompson Investment Management Inc. boosted its position in shares of LKQ by 25.2% during the 3rd quarter. Thompson Investment Management Inc. now owns 328,247 shares of the auto parts company’s stock valued at $10,025,000 after acquiring an additional 66,069 shares during the last quarter. Finally, Applied Finance Capital Management LLC boosted its position in shares of LKQ by 11.2% during the 4th quarter. Applied Finance Capital Management LLC now owns 596,682 shares of the auto parts company’s stock valued at $18,020,000 after acquiring an additional 60,337 shares during the last quarter. Institutional investors 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.