Park Avenue Securities LLC Has $302,000 Stock Holdings in LKQ Co. (NASDAQ:LKQ)

Park Avenue Securities LLC reduced its position in LKQ Co. (NASDAQ:LKQ) by 4.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 8,228 shares of the auto parts company’s stock after selling 385 shares during the period. Park Avenue Securities LLC’s holdings in LKQ were worth $302,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. XTX Topco Ltd acquired a new position in LKQ in the second quarter valued at approximately $237,000. ProShare Advisors LLC raised its position in shares of LKQ by 7.9% during the 2nd quarter. ProShare Advisors LLC now owns 53,131 shares of the auto parts company’s stock valued at $2,210,000 after acquiring an additional 3,886 shares during the last quarter. Public Sector Pension Investment Board lifted its stake in shares of LKQ by 65.8% in the 2nd quarter. Public Sector Pension Investment Board now owns 10,075 shares of the auto parts company’s stock valued at $419,000 after purchasing an additional 3,999 shares during the period. Bank of Montreal Can boosted its position in shares of LKQ by 13.7% in the 2nd quarter. Bank of Montreal Can now owns 391,894 shares of the auto parts company’s stock worth $16,311,000 after purchasing an additional 47,138 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of LKQ by 59.9% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 51,094 shares of the auto parts company’s stock worth $2,125,000 after purchasing an additional 19,145 shares during the period. Institutional investors own 95.63% of the company’s stock.

Insider Activity

In other LKQ news, Director Dominick P. Zarcone sold 5,000 shares of LKQ stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $36.84, for a total value of $184,200.00. Following the sale, the director now directly owns 374,462 shares in the company, valued at approximately $13,795,180.08. The trade was a 1.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.55% of the company’s stock.

Analysts Set New Price Targets

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

LKQ Stock Performance

Shares of LKQ opened at $38.34 on Friday. The firm has a market cap of $9.97 billion, a P/E ratio of 14.31 and a beta of 1.30. LKQ Co. has a twelve month low of $35.56 and a twelve month high of $53.68. 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 firm’s 50 day moving average price is $37.80 and its two-hundred day moving average price is $39.34.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings data on Thursday, October 24th. The auto parts company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.87 by $0.01. The business had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.65 billion. LKQ had a net margin of 4.90% and a return on equity of 15.15%. The firm’s revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.86 EPS. On average, analysts forecast that LKQ Co. will post 3.43 EPS for the current fiscal year.

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.