LKQ (NASDAQ:LKQ) Upgraded to “Buy” by StockNews.com

StockNews.com upgraded shares of LKQ (NASDAQ:LKQFree Report) from a hold rating to a buy rating in a report issued on Saturday morning.

LKQ has been the topic of several other reports. Stifel Nicolaus reiterated a buy rating and issued a $66.00 price objective on shares of LKQ in a research note on Tuesday, November 28th. JPMorgan Chase & Co. reduced their price objective on LKQ from $65.00 to $63.00 and set an overweight rating on the stock in a research note on Thursday, January 25th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of Buy and a consensus target price of $64.67.

Read Our Latest Research Report on LKQ

LKQ Stock Up 2.6 %

Shares of NASDAQ LKQ opened at $49.17 on Friday. The stock has a market cap of $13.16 billion, a P/E ratio of 13.81 and a beta of 1.27. The company has a current ratio of 1.49, a quick ratio of 0.64 and a debt-to-equity ratio of 0.63. LKQ has a 12-month low of $41.49 and a 12-month high of $59.38. The business’s fifty day simple moving average is $47.13 and its 200-day simple moving average is $48.51.

Insider Buying and Selling at LKQ

In other LKQ news, CEO Varun Laroyia sold 35,000 shares of the firm’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $45.99, for a total value of $1,609,650.00. Following the sale, the chief executive officer now directly owns 153,805 shares in the company, valued at $7,073,491.95. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Varun Laroyia sold 35,000 shares of LKQ stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $45.99, for a total transaction of $1,609,650.00. Following the sale, the chief executive officer now owns 153,805 shares in the company, valued at $7,073,491.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Blythe J. Mcgarvie sold 5,564 shares of LKQ stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $46.82, for a total value of $260,506.48. Following the sale, the director now owns 23,880 shares in the company, valued at approximately $1,118,061.60. The disclosure for this sale can be found here. 0.55% of the stock is owned by insiders.

Institutional Trading of LKQ

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. OFI Invest Asset Management purchased a new position in shares of LKQ during the third quarter worth about $26,000. CVA Family Office LLC purchased a new stake in LKQ in the 4th quarter valued at approximately $26,000. Clear Street Markets LLC boosted its holdings in LKQ by 94.1% in the 1st quarter. Clear Street Markets LLC now owns 497 shares of the auto parts company’s stock valued at $28,000 after purchasing an additional 241 shares in the last quarter. Covestor Ltd boosted its holdings in LKQ by 81.1% in the 1st quarter. Covestor Ltd now owns 623 shares of the auto parts company’s stock valued at $28,000 after purchasing an additional 279 shares in the last quarter. Finally, Private Trust Co. NA boosted its holdings in LKQ by 228.4% in the 4th quarter. Private Trust Co. NA now owns 647 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 450 shares in the last quarter. Institutional investors and hedge funds own 93.67% of the company’s stock.

About LKQ

(Get Free Report)

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 automotive glass products, such as windshields; 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.

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