GHP Investment Advisors Inc. Sells 4,349 Shares of LKQ Co. (NASDAQ:LKQ)

GHP Investment Advisors Inc. trimmed its stake in LKQ Co. (NASDAQ:LKQ) by 6.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 62,894 shares of the auto parts company’s stock after selling 4,349 shares during the period. GHP Investment Advisors Inc.’s holdings in LKQ were worth $2,311,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of LKQ. Creative Planning lifted its stake in LKQ by 78.7% in the second quarter. Creative Planning now owns 19,175 shares of the auto parts company’s stock worth $798,000 after acquiring an additional 8,442 shares during the period. Sanctuary Advisors LLC bought a new stake in LKQ during the 2nd quarter valued at $1,204,000. Czech National Bank increased its holdings in shares of LKQ by 5.5% in the 3rd quarter. Czech National Bank now owns 53,628 shares of the auto parts company’s stock valued at $2,141,000 after acquiring an additional 2,791 shares during the period. Bruce G. Allen Investments LLC raised 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 worth $46,000 after acquiring an additional 289 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of LKQ by 1,128.7% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 5,443 shares of the auto parts company’s stock worth $217,000 after purchasing an additional 5,000 shares during the last quarter. Institutional investors own 95.63% of the company’s stock.

Insiders Place Their Bets

In other news, Director Dominick P. Zarcone sold 5,000 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $36.14, for a total value of $180,700.00. Following the completion of the transaction, the director now directly owns 369,462 shares in the company, valued at $13,352,356.68. This trade represents a 1.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.45% of the company’s stock.

LKQ Stock Performance

Shares of LKQ stock opened at $37.37 on Friday. The firm has a market capitalization of $9.71 billion, a P/E ratio of 13.94 and a beta of 1.29. LKQ Co. has a 52 week low of $35.56 and a 52 week high of $53.68. The company has a quick ratio of 0.67, a current ratio of 1.72 and a debt-to-equity ratio of 0.69. The company has a 50 day moving average price of $37.65 and a 200 day moving average price of $38.96.

Wall Street Analyst Weigh In

A number of brokerages have commented on LKQ. Stifel Nicolaus reduced their target price on shares of LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a report on Friday, October 25th. Barrington Research reaffirmed an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a research report on Friday, October 25th. Robert W. Baird decreased 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. Finally, StockNews.com raised shares of LKQ from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Six equities research 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.

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.