Olstein Capital Management L.P. Has $10.66 Million Holdings in LKQ Co. (NASDAQ:LKQ)

Olstein Capital Management L.P. boosted its stake in LKQ Co. (NASDAQ:LKQ) by 16.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 290,000 shares of the auto parts company’s stock after acquiring an additional 40,000 shares during the period. LKQ accounts for 1.9% of Olstein Capital Management L.P.’s investment portfolio, making the stock its 4th largest holding. Olstein Capital Management L.P. owned about 0.11% of LKQ worth $10,658,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Nordea Investment Management AB boosted its holdings in shares of LKQ by 11.0% during the 4th quarter. Nordea Investment Management AB now owns 8,406,444 shares of the auto parts company’s stock worth $309,609,000 after buying an additional 833,519 shares in the last quarter. Squarepoint Ops LLC increased its stake in LKQ by 3,683.6% in the second quarter. Squarepoint Ops LLC now owns 274,577 shares of the auto parts company’s stock valued at $11,420,000 after purchasing an additional 267,320 shares in the last quarter. Rehmann Capital Advisory Group acquired a new position in shares of LKQ during the third quarter valued at about $634,000. Quantbot Technologies LP boosted its position in shares of LKQ by 27,310.6% during the 3rd quarter. Quantbot Technologies LP now owns 64,415 shares of the auto parts company’s stock worth $2,571,000 after purchasing an additional 64,180 shares in the last quarter. Finally, Albert D Mason Inc. grew its stake in shares of LKQ by 33.3% in the 4th quarter. Albert D Mason Inc. now owns 42,151 shares of the auto parts company’s stock valued at $1,549,000 after buying an additional 10,533 shares during the period. Institutional investors and hedge funds own 95.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on LKQ shares. Robert W. Baird dropped their price target on LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Barrington Research reaffirmed an “outperform” rating and set a $60.00 target price on shares of LKQ in a research report on Friday, October 25th. Stifel Nicolaus lowered 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. Finally, StockNews.com raised shares of LKQ from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $53.80.

LKQ Stock Performance

Shares of LKQ opened at $38.34 on Friday. The stock has a 50 day moving average of $37.80 and a 200 day moving average of $39.34. The company has a market capitalization of $9.97 billion, a price-to-earnings ratio of 14.31 and a beta of 1.30. LKQ Co. has a 12 month low of $35.56 and a 12 month high of $53.68. 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 announced its quarterly earnings data on Thursday, October 24th. The auto parts company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.01. The firm had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.65 billion. LKQ had a return on equity of 15.15% and a net margin of 4.90%. The business’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.86 EPS. As a group, sell-side analysts forecast that LKQ Co. will post 3.43 earnings per share for the current year.

Insider Activity at LKQ

In related news, Director Dominick P. Zarcone sold 5,000 shares of LKQ 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 sale, the director now owns 374,462 shares of the company’s stock, valued at approximately $13,795,180.08. The trade was a 1.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.55% of the stock is owned by company insiders.

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.