Foundry Partners LLC Lowers Stake in LKQ Co. (NASDAQ:LKQ)

Foundry Partners LLC decreased its stake in LKQ Co. (NASDAQ:LKQFree Report) by 0.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 276,548 shares of the auto parts company’s stock after selling 1,703 shares during the quarter. Foundry Partners LLC owned approximately 0.10% of LKQ worth $13,692,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. OFI Invest Asset Management purchased a new position in shares of LKQ in the 3rd quarter worth approximately $26,000. Clear Street Markets LLC raised its stake in shares of LKQ by 94.1% during the first quarter. Clear Street Markets LLC now owns 497 shares of the auto parts company’s stock valued at $28,000 after acquiring an additional 241 shares in the last quarter. Covestor Ltd lifted its holdings in shares of LKQ by 81.1% in the 1st quarter. Covestor Ltd now owns 623 shares of the auto parts company’s stock worth $28,000 after buying an additional 279 shares during the period. BOK Financial Private Wealth Inc. purchased a new stake in LKQ in the third quarter worth about $33,000. Finally, NBC Securities Inc. purchased a new stake in shares of LKQ in the 3rd quarter worth approximately $34,000. 93.67% of the stock is owned by hedge funds and other institutional investors.

LKQ Price Performance

Shares of LKQ stock traded up $0.52 on Monday, hitting $48.46. The company’s stock had a trading volume of 180,123 shares, compared to its average volume of 1,480,099. The company has a market capitalization of $12.97 billion, a price-to-earnings ratio of 13.47 and a beta of 1.27. LKQ Co. has a 1 year low of $41.49 and a 1 year high of $59.38. The firm has a fifty day moving average price of $47.06 and a 200-day moving average price of $48.55. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.64 and a current ratio of 1.49.

Analyst Upgrades and Downgrades

LKQ has been the subject of several analyst reports. Stifel Nicolaus reissued a “buy” rating and set a $66.00 price target on shares of LKQ in a research report on Tuesday, November 28th. StockNews.com upgraded LKQ from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, JPMorgan Chase & Co. reduced their target price on shares of LKQ from $65.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, January 25th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $64.67.

Check Out Our Latest Report on LKQ

Insider Activity

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

About LKQ

(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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Institutional Ownership by Quarter for LKQ (NASDAQ:LKQ)

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