LKQ (NASDAQ:LKQ) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday. The brokerage presently has a $45.00 price objective on the auto parts company’s stock. Zacks Investment Research‘s price objective points to a potential upside of 8.59% from the stock’s previous close.

According to Zacks, “In December, LKQ Corp has signed an agreement to acquire the German spare-parts distributor Stahlgruber. This acquisition is in sync with its strategy to expand its presence in Europe through acquisitions and new branch openings for counter sales and distribution centers. In third-quarter 2017, LKQ Corp acquired 11 companies. However, these frequent acquisitions are hampering its gross margin figures. Also, rising expenses due to fluctuating prices of fuel, scrap metal and other commodities and product recalls are few of the other concerns for the company. Also, over a month, LKQ Corp’s has underperformed the industry it belongs to.”

Other research analysts also recently issued reports about the company. B. Riley restated a “buy” rating on shares of LKQ in a report on Wednesday, November 1st. Northcoast Research upgraded LKQ from a “neutral” rating to a “buy” rating in a report on Monday. Jefferies Group restated a “buy” rating on shares of LKQ in a report on Thursday, December 14th. BidaskClub downgraded LKQ from a “buy” rating to a “hold” rating in a report on Friday, January 19th. Finally, ValuEngine upgraded LKQ from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. LKQ has an average rating of “Buy” and a consensus target price of $43.56.

LKQ (NASDAQ:LKQ) opened at $41.44 on Tuesday. The company has a market capitalization of $12,411.21, a price-to-earnings ratio of 25.90, a price-to-earnings-growth ratio of 1.13 and a beta of 0.94. LKQ has a fifty-two week low of $27.85 and a fifty-two week high of $43.86. The company has a current ratio of 2.82, a quick ratio of 1.10 and a debt-to-equity ratio of 0.75.

In other LKQ news, VP Michael S. Clark sold 7,500 shares of the stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $40.07, for a total transaction of $300,525.00. Following the sale, the vice president now owns 61,860 shares of the company’s stock, valued at approximately $2,478,730.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William M. Iv Webster sold 100,000 shares of the stock in a transaction on Friday, December 8th. The shares were sold at an average price of $40.02, for a total value of $4,002,000.00. Following the sale, the director now directly owns 119,222 shares in the company, valued at approximately $4,771,264.44. The disclosure for this sale can be found here. Insiders have sold a total of 142,801 shares of company stock worth $5,811,690 in the last ninety days. Insiders own 1.10% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Captrust Financial Advisors acquired a new stake in shares of LKQ in the 4th quarter worth $108,000. Calton & Associates Inc. acquired a new stake in shares of LKQ in the 4th quarter worth $116,000. First Personal Financial Services boosted its position in shares of LKQ by 194.0% in the 4th quarter. First Personal Financial Services now owns 3,852 shares of the auto parts company’s stock worth $157,000 after purchasing an additional 2,542 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of LKQ by 1,773.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,572 shares of the auto parts company’s stock worth $186,000 after purchasing an additional 4,328 shares in the last quarter. Finally, Zions Bancorporation acquired a new stake in shares of LKQ in the 3rd quarter worth $197,000. 92.34% of the stock is owned by hedge funds and other institutional investors.

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LKQ Company Profile

LKQ Corporation (LKQ) is a distributor of vehicle products, including replacement parts, components and systems used in the repair and maintenance of vehicles, as well as specialty vehicle products and accessories, and automotive glass products. The Company’s segments include Wholesale-North America; Europe; Specialty, and Self Service.

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