Foster & Motley Inc. Cuts Position in LKQ Co. (NASDAQ:LKQ)

Foster & Motley Inc. reduced its stake in shares of LKQ Co. (NASDAQ:LKQ) by 22.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,705 shares of the auto parts company’s stock after selling 3,889 shares during the period. Foster & Motley Inc.’s holdings in LKQ were worth $504,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Catalyst Capital Advisors LLC acquired a new position in LKQ during the third quarter worth $25,000. Allworth Financial LP grew its stake in LKQ by 94.2% in the 3rd quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company’s stock valued at $40,000 after acquiring an additional 490 shares during the last quarter. Bruce G. Allen Investments LLC increased its holdings in LKQ by 33.5% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,151 shares of the auto parts company’s stock valued at $46,000 after acquiring an additional 289 shares in the last quarter. Private Trust Co. NA lifted its holdings in shares of LKQ by 31.2% in the third quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company’s stock valued at $50,000 after purchasing an additional 299 shares in the last quarter. Finally, Kennebec Savings Bank purchased a new position in shares of LKQ during the 3rd quarter worth approximately $57,000. 95.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on LKQ. Barrington Research reiterated an “outperform” rating and set a $60.00 target price on shares of LKQ in a report on Friday, October 25th. StockNews.com upgraded shares of LKQ from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Stifel Nicolaus lowered their price target on shares of LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a report on Friday, October 25th. Finally, Robert W. Baird decreased their target price on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $53.80.

LKQ Trading Down 2.2 %

Shares of LKQ stock opened at $37.39 on Friday. LKQ Co. has a 1-year low of $35.56 and a 1-year high of $53.68. The firm’s 50-day simple moving average is $37.83 and its 200-day simple moving average is $39.19. The firm has a market cap of $9.72 billion, a P/E ratio of 13.95 and a beta of 1.30. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.72 and a quick ratio of 0.67.

Insiders Place Their Bets

In other news, Director Dominick P. Zarcone sold 5,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $36.84, for a total transaction of $184,200.00. Following the completion of the sale, the director now directly owns 374,462 shares in the company, valued at $13,795,180.08. This represents a 1.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.55% of the stock is currently owned by insiders.

LKQ Profile

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.