LKQ Co. (NASDAQ:LKQ) Stock Position Decreased by Inlet Private Wealth LLC

Inlet Private Wealth LLC cut its stake in shares of LKQ Co. (NASDAQ:LKQ) by 30.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 85,075 shares of the auto parts company’s stock after selling 37,625 shares during the period. Inlet Private Wealth LLC’s holdings in LKQ were worth $3,127,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of LKQ. Catalyst Capital Advisors LLC purchased a new position in LKQ in the 3rd quarter worth about $25,000. Allworth Financial LP increased its position 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 acquiring an additional 490 shares in the last quarter. Bruce G. Allen Investments LLC lifted its position in shares of LKQ by 33.5% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,151 shares of the auto parts company’s stock valued at $46,000 after acquiring an additional 289 shares in the last quarter. Private Trust Co. NA boosted its stake in LKQ by 31.2% in the 3rd 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 period. Finally, Kennebec Savings Bank purchased a new position in LKQ during the 3rd quarter worth approximately $57,000. 95.63% of the stock is owned by hedge funds and other institutional investors.

LKQ Stock Down 2.2 %

LKQ stock opened at $37.39 on Friday. The company has a market capitalization of $9.72 billion, a P/E ratio of 13.95 and a beta of 1.30. LKQ Co. has a 1-year low of $35.56 and a 1-year high of $53.68. The firm’s fifty day simple moving average is $37.83 and its 200-day simple moving average is $39.19. 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 analysts have recently commented on the company. 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. StockNews.com raised LKQ from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Barrington Research reissued an “outperform” rating and issued a $60.00 price target on shares of LKQ in a research report on Friday, October 25th. Finally, Robert W. Baird lowered their price objective on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, LKQ has a consensus rating of “Buy” and a consensus target price of $53.80.

Insiders Place Their Bets

In other news, Director Dominick P. Zarcone sold 5,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was 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 of the company’s stock, valued at approximately $13,795,180.08. This trade represents a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.55% of the company’s stock.

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.