Manning & Napier Advisors LLC Sells 25,366 Shares of LKQ Co. (NASDAQ:LKQ)

Manning & Napier Advisors LLC cut its position in LKQ Co. (NASDAQ:LKQ) by 39.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,113 shares of the auto parts company’s stock after selling 25,366 shares during the quarter. Manning & Napier Advisors LLC’s holdings in LKQ were worth $1,437,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Bruce G. Allen Investments LLC grew its stake in shares of LKQ by 33.5% in the third quarter. Bruce G. Allen Investments LLC now owns 1,151 shares of the auto parts company’s stock valued at $46,000 after buying an additional 289 shares in the last quarter. Private Trust Co. NA grew 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 valued at $50,000 after buying an additional 299 shares in the last quarter. Asset Management One Co. Ltd. grew its stake in shares of LKQ by 0.3% in the third quarter. Asset Management One Co. Ltd. now owns 103,156 shares of the auto parts company’s stock valued at $4,118,000 after buying an additional 306 shares in the last quarter. Exchange Traded Concepts LLC lifted its holdings in LKQ by 9.3% during the 4th quarter. Exchange Traded Concepts LLC now owns 4,841 shares of the auto parts company’s stock valued at $178,000 after purchasing an additional 412 shares during the last quarter. Finally, Van ECK Associates Corp lifted its holdings in LKQ by 7.0% during the 3rd quarter. Van ECK Associates Corp now owns 7,372 shares of the auto parts company’s stock valued at $279,000 after purchasing an additional 485 shares during the last quarter. 95.63% of the stock is owned by institutional investors.

LKQ Stock Up 1.1 %

LKQ opened at $38.24 on Friday. LKQ Co. has a fifty-two week low of $35.56 and a fifty-two week high of $53.68. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.72. The company has a market capitalization of $9.94 billion, a P/E ratio of 14.27 and a beta of 1.30. The stock has a fifty day moving average of $37.85 and a 200-day moving average of $39.24.

Insider Transactions at LKQ

In related news, Director Dominick P. Zarcone sold 5,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $36.84, for a total value of $184,200.00. Following the transaction, the director now owns 374,462 shares in the company, 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 Securities & Exchange Commission, which is accessible through this link. Insiders own 0.55% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on LKQ. Robert W. Baird cut 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. Stifel Nicolaus cut 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. StockNews.com raised LKQ from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $60.00 price target on shares of LKQ in a report on Friday, October 25th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average 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.