LKQ Corporation (NASDAQ:LKQ) Receives Consensus Rating of “Hold” from Analysts

LKQ Corporation (NASDAQ:LKQ) has received a consensus rating of “Hold” from the eight brokerages that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $44.3333.

Several analysts have recently weighed in on LKQ shares. Roth Mkm reissued a “buy” rating and issued a $43.00 target price (down from $46.00) on shares of LKQ in a report on Monday, November 3rd. Barclays initiated coverage on shares of LKQ in a report on Tuesday, November 11th. They issued an “equal weight” rating and a $33.00 target price on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of LKQ in a research note on Monday, December 29th. Zacks Research lowered shares of LKQ from a “hold” rating to a “strong sell” rating in a research note on Monday, January 26th. Finally, Stephens initiated 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.

LKQ Price Performance

Shares of NASDAQ:LKQ opened at $34.37 on Thursday. The company’s fifty day moving average price is $31.37 and its 200 day moving average price is $31.11. LKQ has a 12 month low of $28.13 and a 12 month high of $44.82. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.60 and a quick ratio of 0.67. The firm has a market capitalization of $8.80 billion, a P/E ratio of 12.73 and a beta of 0.91.

Institutional Investors Weigh In On LKQ

Large investors have recently modified their holdings of the stock. Seizert Capital Partners LLC grew its position in LKQ by 30.1% in the 4th 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 lifted its stake in shares of 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 period. Kennedy Capital Management LLC lifted its stake in shares of LKQ by 41.2% in 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 during the period. Thompson Investment Management Inc. boosted its holdings in shares of LKQ by 25.2% in the third 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 in the last quarter. Finally, Goodman Financial Corp increased its stake in shares of LKQ by 9.9% during the third quarter. Goodman Financial Corp now owns 355,108 shares of the auto parts company’s stock worth $10,845,000 after acquiring an additional 31,857 shares during the period. Hedge funds and other institutional investors own 95.63% of the company’s stock.

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.