LKQ (NASDAQ:LKQ) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of LKQ (NASDAQ:LKQ) from a hold rating to a buy rating in a research report released on Saturday.

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

LKQ Stock Performance

LKQ stock opened at $34.10 on Friday. LKQ has a 1 year low of $28.13 and a 1 year high of $44.82. The stock has a market capitalization of $8.73 billion, a price-to-earnings 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. The stock’s fifty day moving average is $32.18 and its two-hundred day moving average is $31.16.

Hedge Funds Weigh In On LKQ

Several hedge funds have recently modified their holdings of LKQ. Rossby Financial LCC lifted its holdings 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 valued at $27,000 after buying an additional 542 shares during the period. Heartwood Wealth Advisors LLC bought a new stake in LKQ in the third quarter worth about $31,000. Torren Management LLC acquired a new stake in LKQ in the 4th quarter valued at about $32,000. Cullen Frost Bankers Inc. boosted its position in shares of 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 purchasing an additional 978 shares in the last quarter. Finally, Rothschild Investment LLC grew its stake 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 worth $43,000 after purchasing an additional 1,271 shares during the last quarter. 95.63% of the stock is currently owned by institutional investors and hedge funds.

About LKQ

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.