LKQ Co. (NASDAQ:LKQ) Director Dominick P. Zarcone Sells 5,000 Shares

LKQ Co. (NASDAQ:LKQ) Director Dominick P. Zarcone sold 5,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $36.14, for a total value of $180,700.00. Following the completion of the transaction, the director now owns 369,462 shares in the company, valued at $13,352,356.68. This represents a 1.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

LKQ Trading Down 0.4 %

Shares of LKQ opened at $36.78 on Thursday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.72. LKQ Co. has a fifty-two week low of $35.56 and a fifty-two week high of $53.68. The firm has a 50 day moving average price of $37.68 and a 200-day moving average price of $38.97. The firm has a market cap of $9.56 billion, a price-to-earnings ratio of 13.72 and a beta of 1.29.

Institutional Trading of LKQ

Several institutional investors have recently added to or reduced their stakes in the business. Erste Asset Management GmbH purchased a new position in shares of LKQ in the third quarter worth about $45,733,000. Seizert Capital Partners LLC increased its stake in LKQ by 451.1% in the 3rd quarter. Seizert Capital Partners LLC now owns 1,327,664 shares of the auto parts company’s stock worth $53,000,000 after purchasing an additional 1,086,758 shares during the period. Nordea Investment Management AB lifted its position in LKQ by 11.0% in the fourth quarter. Nordea Investment Management AB now owns 8,406,444 shares of the auto parts company’s stock valued at $309,609,000 after purchasing an additional 833,519 shares during the last quarter. Private Management Group Inc. purchased a new stake in shares of LKQ during the third quarter valued at approximately $19,889,000. Finally, KBC Group NV grew its holdings in shares of LKQ by 68.5% in the fourth quarter. KBC Group NV now owns 1,210,661 shares of the auto parts company’s stock worth $44,492,000 after purchasing an additional 492,356 shares during the last quarter. 95.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Stifel Nicolaus decreased their price objective on shares of LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Robert W. Baird decreased their price target on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Barrington Research reaffirmed an “outperform” rating and set a $60.00 price objective on shares of LKQ in a report on Friday, October 25th. Finally, StockNews.com raised LKQ from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $53.80.

About LKQ

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 mechanical automotive parts and accessories; 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.