OLD National Bancorp IN Purchases Shares of 5,552 LKQ Co. (NASDAQ:LKQ)

OLD National Bancorp IN acquired a new position in LKQ Co. (NASDAQ:LKQ) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 5,552 shares of the auto parts company’s stock, valued at approximately $204,000.

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

LKQ Price Performance

LKQ opened at $37.39 on Monday. 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 1-year low of $35.56 and a 1-year high of $53.68. The company has a 50-day moving average of $37.83 and a 200-day moving average of $39.10. The company has a market capitalization of $9.72 billion, a P/E ratio of 13.95 and a beta of 1.30.

Insider Activity at LKQ

In other LKQ news, Director Dominick P. Zarcone sold 5,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were 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 owns 374,462 shares in the company, valued at $13,795,180.08. The trade was a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.55% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

LKQ has been the topic of a number of recent research reports. Stifel Nicolaus reduced their target price 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. StockNews.com raised shares of LKQ from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Barrington Research restated an “outperform” rating and set a $60.00 target price on shares of LKQ in a research note on Friday, October 25th. Finally, Robert W. Baird cut their price target on LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, LKQ has a consensus rating of “Buy” and an average price target of $53.80.

LKQ Company 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.