Tectonic Advisors LLC Cuts Position in LKQ Co. (NASDAQ:LKQ)

Tectonic Advisors LLC lowered its holdings in LKQ Co. (NASDAQ:LKQ) by 3.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 248,961 shares of the auto parts company’s stock after selling 8,096 shares during the period. Tectonic Advisors LLC owned approximately 0.10% of LKQ worth $9,149,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of LKQ by 28.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,574 shares of the auto parts company’s stock valued at $1,162,000 after purchasing an additional 7,041 shares during the period. Yousif Capital Management LLC boosted its position in LKQ by 2.2% in the 4th quarter. Yousif Capital Management LLC now owns 38,955 shares of the auto parts company’s stock valued at $1,432,000 after buying an additional 826 shares during the last quarter. Ninety One UK Ltd grew its stake in LKQ by 28.5% during the 4th quarter. Ninety One UK Ltd now owns 833,015 shares of the auto parts company’s stock valued at $30,613,000 after purchasing an additional 184,710 shares in the last quarter. CENTRAL TRUST Co increased its holdings in LKQ by 618.0% during the 4th quarter. CENTRAL TRUST Co now owns 1,673 shares of the auto parts company’s stock worth $61,000 after purchasing an additional 1,440 shares during the last quarter. Finally, River Street Advisors LLC raised its position in shares of LKQ by 21.6% in the 4th quarter. River Street Advisors LLC now owns 8,592 shares of the auto parts company’s stock valued at $316,000 after purchasing an additional 1,528 shares in the last quarter. 95.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on LKQ. Stifel Nicolaus decreased their price target on shares of LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Robert W. Baird dropped their target price on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Barrington Research reaffirmed an “outperform” rating and set a $60.00 price target on shares of LKQ in a research report on Friday, October 25th. Finally, StockNews.com upgraded LKQ from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, LKQ has a consensus rating of “Buy” and an average target price of $53.80.

LKQ Price Performance

Shares of NASDAQ:LKQ opened at $36.92 on Wednesday. The company has a market capitalization of $9.60 billion, a PE ratio of 13.78 and a beta of 1.29. 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 stock has a fifty day moving average of $37.73 and a 200-day moving average of $38.98. LKQ Co. has a one year low of $35.56 and a one year high of $53.68.

Insider Buying and Selling

In other news, Director Dominick P. Zarcone sold 5,000 shares of the 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 completion of the sale, the director now directly owns 374,462 shares of the company’s stock, valued at $13,795,180.08. This represents a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.45% of the stock is currently owned by company insiders.

LKQ 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.