LKQ Co. (NASDAQ:LKQ) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund cut its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 8.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 906,984 shares of the auto parts company’s stock after selling 82,387 shares during the period. New York State Common Retirement Fund owned about 0.35% of LKQ worth $33,332,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of LKQ. Catalyst Capital Advisors LLC bought a new position in shares of LKQ during the third quarter worth about $25,000. Allworth Financial LP lifted its position in shares of LKQ by 94.2% during the third quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company’s stock worth $40,000 after purchasing an additional 490 shares during the last quarter. Private Trust Co. NA lifted its position in shares of LKQ by 31.2% during the third quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company’s stock worth $50,000 after purchasing an additional 299 shares during the last quarter. Kennebec Savings Bank bought a new position in shares of LKQ during the third quarter worth about $57,000. Finally, CENTRAL TRUST Co lifted its position in shares of LKQ by 618.0% during the fourth 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. 95.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at LKQ

In other LKQ news, Director Dominick P. Zarcone sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $36.14, for a total value of $180,700.00. Following the sale, the director now owns 369,462 shares in the company, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders have sold 20,000 shares of company stock worth $781,500. 0.55% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on LKQ shares. Barrington Research reaffirmed an “outperform” rating and set a $60.00 price target on shares of LKQ in a research report on Thursday. Robert W. Baird reduced their price target on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. JPMorgan Chase & Co. reduced their price target on shares of LKQ from $50.00 to $48.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 11th. Stifel Nicolaus cut their target price on shares of LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Finally, StockNews.com cut shares of LKQ from a “buy” rating to a “hold” rating in a report on Thursday. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.40.

LKQ Stock Performance

Shares of NASDAQ LKQ opened at $41.75 on Friday. 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 firm’s 50-day moving average price is $37.58 and its two-hundred day moving average price is $38.75. LKQ Co. has a 52-week low of $35.56 and a 52-week high of $53.68. The stock has a market capitalization of $10.85 billion, a P/E ratio of 15.58 and a beta of 1.29.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings results on Thursday, February 20th. The auto parts company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.76 by $0.04. LKQ had a net margin of 4.90% and a return on equity of 15.15%. As a group, sell-side analysts forecast that LKQ Co. will post 3.43 earnings per share for the current year.

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.