Legato Capital Management LLC Purchases 5,760 Shares of LKQ Co. (NASDAQ:LKQ)

Legato Capital Management LLC boosted its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 10.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 63,226 shares of the auto parts company’s stock after buying an additional 5,760 shares during the quarter. Legato Capital Management LLC’s holdings in LKQ were worth $2,324,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. 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. Exchange Traded Concepts LLC bought a new position in LKQ in the third quarter worth about $177,000. Procyon Advisors LLC boosted its holdings in shares of LKQ by 13.8% in the 3rd quarter. Procyon Advisors LLC now owns 13,524 shares of the auto parts company’s stock valued at $540,000 after buying an additional 1,641 shares in the last quarter. Wedge Capital Management L L P NC boosted its holdings in shares of LKQ by 18.6% in the 3rd quarter. Wedge Capital Management L L P NC now owns 254,818 shares of the auto parts company’s stock valued at $10,172,000 after buying an additional 39,879 shares in the last quarter. Finally, Regatta Capital Group LLC lifted its position in LKQ by 3.0% during the third quarter. Regatta Capital Group LLC now owns 19,132 shares of the auto parts company’s stock valued at $764,000 after acquiring an additional 556 shares during the last quarter. Institutional investors own 95.63% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on LKQ. JPMorgan Chase & Co. cut their price target on shares of LKQ from $50.00 to $48.00 and set an “overweight” rating on the stock in a report on Tuesday. Stifel Nicolaus reduced 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. Barrington Research restated an “outperform” rating and set a $60.00 price target on shares of LKQ in a research note on Friday, October 25th. StockNews.com raised shares of LKQ from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Finally, Robert W. Baird dropped their price objective on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $52.40.

LKQ Stock Performance

Shares of LKQ stock opened at $37.69 on Wednesday. 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 stock has a market cap of $9.80 billion, a PE ratio of 14.06 and a beta of 1.29. The business has a 50-day simple moving average of $37.53 and a 200-day simple moving average of $38.79.

Insider Buying and Selling at LKQ

In other LKQ news, Director Dominick P. Zarcone sold 5,000 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 374,462 shares in the company, valued at approximately $13,795,180.08. This represents a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.55% of the stock is currently owned by corporate insiders.

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.