Financial Counselors Inc. boosted its position in LKQ Co. (NASDAQ:LKQ – Free Report) by 0.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 273,343 shares of the auto parts company’s stock after purchasing an additional 1,262 shares during the period. Financial Counselors Inc. owned 0.10% of LKQ worth $13,533,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Apollon Wealth Management LLC increased its stake in shares of LKQ by 16.8% in the second quarter. Apollon Wealth Management LLC now owns 13,314 shares of the auto parts company’s stock valued at $776,000 after buying an additional 1,917 shares during the period. Coldstream Capital Management Inc. grew its stake in LKQ by 7.1% during the third quarter. Coldstream Capital Management Inc. now owns 4,071 shares of the auto parts company’s stock worth $202,000 after purchasing an additional 269 shares during the period. Evergreen Wealth Solutions LLC grew its stake in LKQ by 16.4% during the second quarter. Evergreen Wealth Solutions LLC now owns 5,059 shares of the auto parts company’s stock worth $295,000 after purchasing an additional 711 shares during the period. Asset Management One Co. Ltd. grew its stake in LKQ by 7.1% during the second quarter. Asset Management One Co. Ltd. now owns 127,737 shares of the auto parts company’s stock worth $7,443,000 after purchasing an additional 8,434 shares during the period. Finally, O Shaughnessy Asset Management LLC grew its stake in LKQ by 6.6% during the second quarter. O Shaughnessy Asset Management LLC now owns 482,831 shares of the auto parts company’s stock worth $28,135,000 after purchasing an additional 29,937 shares during the period. Institutional investors and hedge funds own 93.67% of the company’s stock.
LKQ Stock Performance
Shares of LKQ stock opened at $47.53 on Wednesday. The business’s fifty day simple moving average is $46.74 and its 200 day simple moving average is $49.14. The firm has a market capitalization of $12.72 billion, a P/E ratio of 13.35 and a beta of 1.28. LKQ Co. has a 12 month low of $41.49 and a 12 month high of $59.38. The company has a current ratio of 1.49, a quick ratio of 0.64 and a debt-to-equity ratio of 0.63.
Insider Buying and Selling
Wall Street Analyst Weigh In
Several equities research analysts recently commented on the company. JPMorgan Chase & Co. decreased their target price on LKQ from $65.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, January 25th. StockNews.com raised LKQ from a “hold” rating to a “buy” rating in a research note on Saturday, November 18th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $66.00 target price on shares of LKQ in a research note on Tuesday, November 28th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $64.67.
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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