Diversify Wealth Management LLC Boosts Stock Position in LKQ Co. (NASDAQ:LKQ)

Diversify Wealth Management LLC lifted its position in LKQ Co. (NASDAQ:LKQ) by 55.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,432 shares of the auto parts company’s stock after purchasing an additional 5,503 shares during the quarter. Diversify Wealth Management LLC’s holdings in LKQ were worth $560,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Catalyst Capital Advisors LLC purchased a new stake in shares of LKQ in the third quarter worth about $25,000. Allworth Financial LP boosted its position in LKQ by 94.2% in the 3rd 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 in the last quarter. Bruce G. Allen Investments LLC grew 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 purchasing an additional 289 shares during the period. Private Trust Co. NA increased its holdings 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 valued at $50,000 after purchasing an additional 299 shares in the last quarter. Finally, Kennebec Savings Bank purchased a new stake in LKQ during the third quarter worth $57,000. Hedge funds and other institutional investors own 95.63% of the company’s stock.

Insider Transactions at LKQ

In other LKQ news, Director Dominick P. Zarcone sold 5,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now directly owns 374,462 shares of the company’s stock, valued at $13,795,180.08. This trade represents a 1.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.45% of the company’s stock.

LKQ Trading Up 2.0 %

Shares of LKQ stock opened at $39.21 on Wednesday. The firm’s 50-day moving average price is $37.80 and its 200 day moving average price is $39.38. LKQ Co. has a twelve month low of $35.56 and a twelve month high of $53.68. The firm has a market capitalization of $10.19 billion, a PE ratio of 14.63 and a beta of 1.30. The company has a current ratio of 1.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.69.

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. LKQ had a return on equity of 15.15% and a net margin of 4.90%. The firm had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same period in the prior year, the company earned $0.86 EPS. The firm’s revenue was up .4% compared to the same quarter last year. On average, sell-side analysts predict that LKQ Co. will post 3.43 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.