Analysts Set LKQ Co. (NASDAQ:LKQ) PT at $53.80

LKQ Co. (NASDAQ:LKQ) has been given a consensus recommendation of “Buy” by the five ratings firms that are currently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $53.80.

LKQ has been the subject of a number of research analyst reports. Barrington Research reaffirmed an “outperform” rating and issued a $60.00 price target on shares of LKQ in a research note on Friday, October 25th. Robert W. Baird dropped their price target on LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. StockNews.com raised LKQ from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Finally, Stifel Nicolaus dropped their price target on LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a research note on Friday, October 25th.

Insiders Place Their Bets

In other news, Director Dominick P. Zarcone sold 5,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $36.84, for a total transaction of $184,200.00. Following the completion of the transaction, the director now directly owns 374,462 shares in the company, valued at $13,795,180.08. This trade represents a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.55% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On LKQ

Several large investors have recently bought and sold shares of LKQ. Legato Capital Management LLC lifted its position in shares of LKQ by 10.0% during the 4th quarter. Legato Capital Management LLC now owns 63,226 shares of the auto parts company’s stock valued at $2,324,000 after buying an additional 5,760 shares in the last quarter. Quent Capital LLC lifted its position in shares of LKQ by 20.3% during the 4th quarter. Quent Capital LLC now owns 3,133 shares of the auto parts company’s stock valued at $115,000 after buying an additional 528 shares in the last quarter. Polaris Capital Management LLC lifted its position in shares of LKQ by 3.7% during the 4th quarter. Polaris Capital Management LLC now owns 705,700 shares of the auto parts company’s stock valued at $25,934,000 after buying an additional 25,400 shares in the last quarter. Stephens Inc. AR lifted its position in shares of LKQ by 4.4% during the 4th quarter. Stephens Inc. AR now owns 194,085 shares of the auto parts company’s stock valued at $7,133,000 after buying an additional 8,218 shares in the last quarter. Finally, Thompson Investment Management Inc. lifted its position in shares of LKQ by 37.2% during the 4th quarter. Thompson Investment Management Inc. now owns 274,731 shares of the auto parts company’s stock valued at $10,096,000 after buying an additional 74,553 shares in the last quarter. 95.63% of the stock is currently owned by institutional investors.

LKQ Stock Performance

NASDAQ:LKQ opened at $37.84 on Thursday. The business has a 50 day moving average price of $37.84 and a 200-day moving average price of $39.24. LKQ has a fifty-two week low of $35.56 and a fifty-two week high of $53.68. The firm has a market cap of $9.84 billion, a PE ratio of 14.12 and a beta of 1.30. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.72.

LKQ Company Profile

LKQ Corporation engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories. It operates through four segments: Wholesale-North America, Europe, Specialty, and Self Service. The company distributes bumper covers, automotive body panels, and lights, as well as mechanical automotive parts and accessories; salvage products, including mechanical and collision parts comprising engines; transmissions; door assemblies; sheet metal products, such as trunk lids, fenders, and hoods; lights and bumper assemblies; scrap metal and other materials to metals recyclers; and brake pads, discs and sensors, clutches, steering and suspension products, filters, and oil and automotive fluids, as well as electrical products, including spark plugs and batteries.