LKQ Co. (NASDAQ:LKQ) Director Dominick P. Zarcone Sells 10,000 Shares

LKQ Co. (NASDAQ:LKQ) Director Dominick P. Zarcone sold 10,000 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $41.66, for a total transaction of $416,600.00. Following the completion of the sale, the director now directly owns 359,462 shares in the company, valued at approximately $14,975,186.92. The trade was a 2.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

LKQ Trading Up 4.8 %

LKQ stock traded up $1.91 during trading on Thursday, hitting $41.31. The company had a trading volume of 2,096,702 shares, compared to its average volume of 2,004,000. LKQ Co. has a 1-year low of $35.56 and a 1-year high of $53.68. The company has a current ratio of 1.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.69. The company’s 50 day simple moving average is $37.51 and its 200-day simple moving average is $38.73. The stock has a market cap of $10.74 billion, a price-to-earnings ratio of 15.43 and a beta of 1.29.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings results on Thursday, February 20th. The auto parts company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.76 by $0.04. LKQ had a net margin of 4.90% and a return on equity of 15.15%. As a group, analysts expect that LKQ Co. will post 3.43 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on LKQ shares. JPMorgan Chase & Co. decreased their price objective on shares of LKQ from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Tuesday, February 11th. Stifel Nicolaus reduced their price target on shares of LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Barrington Research restated an “outperform” rating and set a $60.00 price target on shares of LKQ in a research report on Friday, February 14th. Robert W. Baird reduced their price target on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Finally, StockNews.com upgraded shares of LKQ from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $52.40.

Hedge Funds Weigh In On LKQ

Several institutional investors have recently modified their holdings of LKQ. Massachusetts Financial Services Co. MA grew its stake in shares of LKQ by 0.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 11,977,708 shares of the auto parts company’s stock worth $478,150,000 after purchasing an additional 33,212 shares in the last quarter. State Street Corp grew its stake in shares of LKQ by 1.2% during the third quarter. State Street Corp now owns 11,449,166 shares of the auto parts company’s stock worth $457,051,000 after purchasing an additional 134,176 shares in the last quarter. Nordea Investment Management AB grew its stake in shares of LKQ by 11.0% during the fourth quarter. Nordea Investment Management AB now owns 8,406,444 shares of the auto parts company’s stock worth $309,609,000 after purchasing an additional 833,519 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of LKQ by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 6,591,553 shares of the auto parts company’s stock worth $241,643,000 after purchasing an additional 48,813 shares in the last quarter. Finally, FMR LLC grew its stake in shares of LKQ by 7.3% during the third quarter. FMR LLC now owns 6,020,689 shares of the auto parts company’s stock worth $240,346,000 after purchasing an additional 411,390 shares in the last quarter. Institutional investors and hedge funds own 95.63% of the company’s stock.

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.