LKQ Co. (NASDAQ:LKQ) Shares Bought by Ninety One UK Ltd

Ninety One UK Ltd grew its position in shares of LKQ Co. (NASDAQ:LKQ) by 28.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 833,015 shares of the auto parts company’s stock after purchasing an additional 184,710 shares during the quarter. Ninety One UK Ltd owned 0.32% of LKQ worth $30,613,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Catalyst Capital Advisors LLC bought a new stake in shares of LKQ during the 3rd quarter worth $25,000. Allworth Financial LP boosted its stake in shares of LKQ by 94.2% during the 3rd quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company’s stock worth $40,000 after acquiring an additional 490 shares in the last quarter. Bruce G. Allen Investments LLC boosted its stake in shares of 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 stake in shares of LKQ by 31.2% during 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 in the last quarter. Finally, Kennebec Savings Bank bought a new stake in shares of LKQ during the 3rd quarter worth $57,000. 95.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at LKQ

In related news, Director Dominick P. Zarcone sold 5,000 shares of LKQ 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 completion of the sale, the director now owns 369,462 shares of the company’s stock, valued at approximately $13,352,356.68. This trade represents a 1.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.55% of the company’s stock.

LKQ Stock Performance

Shares of LKQ stock opened at $36.78 on Thursday. The stock has a market cap of $9.56 billion, a PE ratio of 13.72 and a beta of 1.29. LKQ Co. has a 12 month low of $35.56 and a 12 month high of $53.68. The company has a quick ratio of 0.67, a current ratio of 1.72 and a debt-to-equity ratio of 0.69. The business has a fifty day simple moving average of $37.68 and a 200-day simple moving average of $38.97.

Analyst Upgrades and Downgrades

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

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.