LKQ Co. (NASDAQ:LKQ) Director Sells $416,600.00 in Stock

LKQ Co. (NASDAQ:LKQ) Director Dominick P. Zarcone sold 10,000 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $41.66, for a total value of $416,600.00. Following the completion of the sale, the director now owns 359,462 shares of the company’s stock, valued at approximately $14,975,186.92. This represents a 2.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

LKQ Stock Up 6.0 %

Shares of LKQ stock opened at $41.75 on Friday. The business has a 50-day moving average of $37.58 and a 200-day moving average of $38.75. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.72 and a quick ratio of 0.67. The company has a market capitalization of $10.85 billion, a PE ratio of 15.58 and a beta of 1.29. LKQ Co. has a 1-year low of $35.56 and a 1-year high of $53.68.

LKQ (NASDAQ:LKQ) last announced its earnings results on Thursday, February 20th. The auto parts company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.04. LKQ had a return on equity of 15.15% and a net margin of 4.90%. As a group, equities analysts forecast that LKQ Co. will post 3.43 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LKQ. Barrington Research reiterated an “outperform” rating and issued a $60.00 price target on shares of LKQ in a report on Thursday. Stifel Nicolaus lowered their price target on LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a report on Friday, October 25th. Robert W. Baird lowered their price target on LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Friday, October 25th. StockNews.com downgraded LKQ from a “buy” rating to a “hold” rating in a report on Thursday. Finally, JPMorgan Chase & Co. lowered their target price on LKQ from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Tuesday, February 11th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, LKQ currently has an average rating of “Moderate Buy” and an average target price of $52.40.

Hedge Funds Weigh In On LKQ

A number of hedge funds have recently bought and sold shares of LKQ. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in LKQ by 3.4% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 30,567 shares of the auto parts company’s stock worth $1,220,000 after purchasing an additional 998 shares in the last quarter. Blue Trust Inc. grew its stake in LKQ by 40.6% in the third quarter. Blue Trust Inc. now owns 2,262 shares of the auto parts company’s stock worth $94,000 after purchasing an additional 653 shares in the last quarter. Albert D Mason Inc. grew its stake in LKQ by 1.8% in the third quarter. Albert D Mason Inc. now owns 31,618 shares of the auto parts company’s stock worth $1,262,000 after purchasing an additional 549 shares in the last quarter. IFM Investors Pty Ltd grew its stake in LKQ by 3.7% in the third quarter. IFM Investors Pty Ltd now owns 91,386 shares of the auto parts company’s stock worth $3,648,000 after purchasing an additional 3,259 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in LKQ by 29.7% in the third quarter. Assenagon Asset Management S.A. now owns 23,090 shares of the auto parts company’s stock worth $922,000 after purchasing an additional 5,286 shares in the last quarter. 95.63% of the stock is currently owned by institutional investors and hedge funds.

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.