Atlantic Edge Private Wealth Management LLC Trims Stake in LKQ Co. (NASDAQ:LKQ)

Atlantic Edge Private Wealth Management LLC lowered its position in shares of LKQ Co. (NASDAQ:LKQ) by 4.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,459 shares of the auto parts company’s stock after selling 1,424 shares during the period. Atlantic Edge Private Wealth Management LLC’s holdings in LKQ were worth $1,009,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA lifted its stake in 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 during the last quarter. State Street Corp lifted its stake in 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 during the last quarter. Nordea Investment Management AB lifted its stake in 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 during the last quarter. Geode Capital Management LLC lifted its stake in LKQ by 0.3% during the third quarter. Geode Capital Management LLC now owns 6,542,740 shares of the auto parts company’s stock worth $260,330,000 after purchasing an additional 21,161 shares during the last quarter. Finally, FMR LLC lifted its stake in shares of LKQ by 7.3% in the 3rd quarter. FMR LLC now owns 6,020,689 shares of the auto parts company’s stock valued at $240,346,000 after acquiring an additional 411,390 shares during the last quarter. Institutional investors own 95.63% of the company’s stock.

Insider Buying and Selling

In other news, Director Dominick P. Zarcone sold 5,000 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $36.14, for a total transaction of $180,700.00. Following the transaction, the director now directly owns 369,462 shares of the company’s stock, valued at $13,352,356.68. This represents a 1.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.55% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

LKQ Stock Up 0.3 %

LKQ stock opened at $37.35 on Tuesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.72. The company has a market capitalization of $9.71 billion, a price-to-earnings ratio of 13.94 and a beta of 1.29. The business’s 50 day moving average price is $37.57 and its two-hundred day moving average price is $38.81. LKQ Co. has a fifty-two week low of $35.56 and a fifty-two week high of $53.68.

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.