Asset Management One Co. Ltd. Sells 1,856 Shares of LKQ Co. (NASDAQ:LKQ)

Asset Management One Co. Ltd. lowered its position in LKQ Co. (NASDAQ:LKQ) by 1.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 101,300 shares of the auto parts company’s stock after selling 1,856 shares during the period. Asset Management One Co. Ltd.’s holdings in LKQ were worth $3,737,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Catalyst Capital Advisors LLC purchased a new stake in shares of LKQ in the third quarter worth approximately $25,000. Allworth Financial LP raised 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 worth $40,000 after purchasing an additional 490 shares during the last quarter. Private Trust Co. NA raised its stake 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 worth $50,000 after purchasing an additional 299 shares during the last quarter. Kennebec Savings Bank purchased a new stake in shares of LKQ in the third quarter worth approximately $57,000. Finally, CENTRAL TRUST Co raised its stake in shares of LKQ by 618.0% in the fourth quarter. CENTRAL TRUST Co now owns 1,673 shares of the auto parts company’s stock worth $61,000 after purchasing an additional 1,440 shares during the last quarter. Institutional investors own 95.63% of the company’s stock.

Insider Buying and Selling at LKQ

In other news, Director Dominick P. Zarcone sold 5,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $36.14, for a total value of $180,700.00. Following the completion of the transaction, the director now directly owns 369,462 shares of the company’s stock, valued at $13,352,356.68. This trade represents a 1.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.45% of the stock is owned by corporate insiders.

LKQ Price Performance

Shares of NASDAQ LKQ opened at $39.40 on Thursday. The stock has a fifty day simple moving average of $37.51 and a two-hundred day simple moving average of $38.73. LKQ Co. has a 1-year low of $35.56 and a 1-year high of $53.68. The firm has a market cap of $10.24 billion, a price-to-earnings ratio of 14.70 and a beta of 1.29. The company has a current ratio of 1.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.69.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on LKQ. Robert W. Baird lowered 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. Stifel Nicolaus decreased their price target on LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, October 25th. JPMorgan Chase & Co. decreased their price target on LKQ from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Tuesday, February 11th. Barrington Research reaffirmed an “outperform” rating and set a $60.00 price target on shares of LKQ in a research report on Friday, February 14th. Finally, StockNews.com raised LKQ from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Six investment 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 $52.40.

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.