LKQ Co. (NASDAQ:LKQ) Director Dominick P. Zarcone Sells 10,000 Shares

LKQ Co. (NASDAQ:LKQ) Director Dominick P. Zarcone sold 10,000 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $41.66, for a total value of $416,600.00. Following the sale, the director now owns 359,462 shares in the company, valued at approximately $14,975,186.92. This trade represents a 2.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

LKQ Trading Up 6.0 %

Shares of LKQ stock opened at $41.75 on Friday. LKQ Co. has a fifty-two week low of $35.56 and a fifty-two week high of $53.68. The firm has a market cap of $10.85 billion, a PE ratio of 15.58 and a beta of 1.29. The business’s fifty day moving average is $37.58 and its two-hundred day moving average is $38.75. The company has a quick ratio of 0.67, a current ratio of 1.72 and a debt-to-equity ratio of 0.69.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings results on Thursday, February 20th. The auto parts company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.04. LKQ had a return on equity of 15.15% and a net margin of 4.90%. Analysts anticipate that LKQ Co. will post 3.43 earnings per share for the current year.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in LKQ. Catalyst Capital Advisors LLC purchased a new position in shares of LKQ in the 3rd quarter worth $25,000. Cromwell Holdings LLC raised its position in shares of LKQ by 81.0% in the 4th quarter. Cromwell Holdings LLC now owns 742 shares of the auto parts company’s stock worth $27,000 after buying an additional 332 shares during the period. Allworth Financial LP raised its position in shares of LKQ by 94.2% in the 3rd quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company’s stock worth $40,000 after buying an additional 490 shares during the period. Private Trust Co. NA raised its position in shares of LKQ by 31.2% in the 3rd quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company’s stock worth $50,000 after buying an additional 299 shares during the period. Finally, Kennebec Savings Bank purchased a new position in shares of LKQ in the 3rd quarter worth $57,000. 95.63% of the stock is owned by hedge funds and other institutional investors.

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.