Ninety One UK Ltd Buys 184,710 Shares of LKQ Co. (NASDAQ:LKQ)

Ninety One UK Ltd raised its stake in shares of LKQ Co. (NASDAQ:LKQ) by 28.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 833,015 shares of the auto parts company’s stock after acquiring an additional 184,710 shares during the quarter. Ninety One UK Ltd’s holdings in LKQ were worth $30,613,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Pacer Advisors Inc. increased its stake in shares of LKQ by 112.9% in the fourth quarter. Pacer Advisors Inc. now owns 42,563 shares of the auto parts company’s stock worth $1,564,000 after purchasing an additional 22,575 shares during the period. Nordea Investment Management AB increased its stake in shares of LKQ by 11.0% in the fourth quarter. Nordea Investment Management AB now owns 8,406,444 shares of the auto parts company’s stock worth $309,609,000 after purchasing an additional 833,519 shares during the period. Rehmann Capital Advisory Group bought a new position in shares of LKQ in the third quarter worth about $634,000. Quantbot Technologies LP increased its stake in shares of LKQ by 27,310.6% in the third 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 during the period. Finally, Albert D Mason Inc. increased its stake in shares of LKQ by 33.3% in the fourth quarter. Albert D Mason Inc. now owns 42,151 shares of the auto parts company’s stock worth $1,549,000 after purchasing an additional 10,533 shares during the period. 95.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

LKQ Stock Down 0.4 %

NASDAQ LKQ opened at $36.78 on Thursday. The company has a current ratio of 1.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.69. The stock’s 50 day moving average is $37.68 and its two-hundred day moving average is $38.97. The company has a market capitalization of $9.56 billion, a price-to-earnings ratio of 13.72 and a beta of 1.29. LKQ Co. has a 1-year low of $35.56 and a 1-year high of $53.68.

Insider Buying and Selling at LKQ

In other LKQ news, Director Dominick P. Zarcone sold 5,000 shares of LKQ stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $36.14, for a total transaction of $180,700.00. Following the sale, the director now directly owns 369,462 shares of the company’s stock, valued at approximately $13,352,356.68. The trade was a 1.34 % 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. Company insiders own 0.55% of the company’s stock.

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.