Applied Finance Capital Management LLC Boosts Stock Holdings in LKQ Corporation $LKQ

Applied Finance Capital Management LLC raised its holdings in LKQ Corporation (NASDAQ:LKQ) by 6.1% during the third quarter, Holdings Channel.com reports. The firm owned 536,345 shares of the auto parts company’s stock after purchasing an additional 31,042 shares during the quarter. Applied Finance Capital Management LLC’s holdings in LKQ were worth $16,380,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Heartwood Wealth Advisors LLC purchased a new stake in shares of LKQ in the third quarter valued at approximately $31,000. Quent Capital LLC purchased a new position in LKQ in the third quarter worth $75,000. Integrated Wealth Concepts LLC acquired a new stake in LKQ in the first quarter valued at $278,000. Motley Fool Asset Management LLC boosted its position in shares of LKQ by 9.2% during the 2nd quarter. Motley Fool Asset Management LLC now owns 7,200 shares of the auto parts company’s stock worth $266,000 after purchasing an additional 606 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S grew its stake in shares of LKQ by 170.0% during the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 7,886 shares of the auto parts company’s stock worth $292,000 after purchasing an additional 4,965 shares during the period. 95.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Stephens started coverage on shares of LKQ in a research note on Tuesday, December 9th. They issued an “overweight” rating and a $39.00 price objective for the company. Barclays initiated coverage on shares of LKQ in a research report on Tuesday, November 11th. They set an “equal weight” rating and a $33.00 price target for the company. Wall Street Zen cut LKQ from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Zacks Research cut LKQ from a “hold” rating to a “strong sell” rating in a report on Monday, January 26th. Finally, Roth Mkm reissued a “buy” rating and issued a $43.00 target price (down previously from $46.00) on shares of LKQ in a report on Monday, November 3rd. Five investment analysts have rated the stock with a Buy rating, one has issued 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 target price of $44.33.

LKQ Stock Performance

LKQ stock opened at $34.18 on Tuesday. LKQ Corporation has a fifty-two week low of $28.13 and a fifty-two week high of $44.82. The company has a market capitalization of $8.75 billion, a price-to-earnings ratio of 12.66 and a beta of 0.91. The stock has a fifty day moving average of $31.66 and a two-hundred day moving average of $31.03. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.67 and a current ratio of 1.60.

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.