Applied Finance Capital Management LLC Increases Holdings in LKQ Corporation $LKQ

Applied Finance Capital Management LLC raised its holdings in shares of LKQ Corporation (NASDAQ:LKQ) by 6.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 536,345 shares of the auto parts company’s stock after acquiring an additional 31,042 shares during the quarter. Applied Finance Capital Management LLC owned approximately 0.21% of LKQ worth $16,380,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in LKQ. Heartwood Wealth Advisors LLC purchased a new position in LKQ in the third quarter valued at approximately $31,000. Quent Capital LLC purchased a new position in shares of LKQ in the 3rd quarter valued at $75,000. Motley Fool Asset Management LLC raised its stake in 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 acquiring an additional 606 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in LKQ in the first quarter valued at $278,000. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its stake in LKQ by 170.0% in the second quarter. BI Asset Management Fondsmaeglerselskab A S now owns 7,886 shares of the auto parts company’s stock valued at $292,000 after acquiring an additional 4,965 shares in the last quarter. Institutional investors and hedge funds own 95.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Wall Street Zen downgraded LKQ from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Weiss Ratings reiterated a “sell (d+)” rating on shares of LKQ in a research note on Monday, December 29th. Roth Mkm reissued a “buy” rating and issued a $43.00 price objective (down from $46.00) on shares of LKQ in a report on Monday, November 3rd. Zacks Research lowered shares of LKQ from a “hold” rating to a “strong sell” rating in a research report on Monday, January 26th. Finally, Stephens began coverage on shares of LKQ in a research report on Tuesday, December 9th. They issued an “overweight” rating and a $39.00 price target for the company. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, LKQ currently has an average rating of “Hold” and an average price target of $44.33.

LKQ Trading Down 1.2%

NASDAQ:LKQ opened at $34.18 on Tuesday. LKQ Corporation has a 12-month low of $28.13 and a 12-month high of $44.82. The company has a current ratio of 1.60, a quick ratio of 0.67 and a debt-to-equity ratio of 0.55. The stock’s 50 day simple moving average is $31.66 and its 200-day simple moving average is $31.03. The firm has a market cap of $8.75 billion, a P/E ratio of 12.66 and a beta of 0.91.

LKQ Company Profile

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.