Check Capital Management Inc. CA trimmed its holdings in LKQ Co. (NASDAQ:LKQ - Free Report) by 1.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,590,037 shares of the auto parts company's stock after selling 28,823 shares during the quarter. LKQ comprises 1.7% of Check Capital Management Inc. CA's portfolio, making the stock its 8th largest holding. Check Capital Management Inc. CA owned about 0.61% of LKQ worth $58,434,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Catalyst Capital Advisors LLC bought a new position in LKQ in the 3rd quarter worth approximately $25,000. Allworth Financial LP boosted its stake in LKQ by 94.2% during the 3rd quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company's stock valued at $40,000 after purchasing an additional 490 shares in the last quarter. Private Trust Co. NA boosted its stake in LKQ by 31.2% during the 3rd quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company's stock valued at $50,000 after purchasing an additional 299 shares in the last quarter. Kennebec Savings Bank bought a new position in LKQ during the 3rd quarter valued at $57,000. Finally, CENTRAL TRUST Co boosted its stake in LKQ by 618.0% during the 4th quarter. CENTRAL TRUST Co now owns 1,673 shares of the auto parts company's stock valued at $61,000 after purchasing an additional 1,440 shares in the last quarter. 95.63% of the stock is owned by institutional investors.
LKQ stock opened at $39.11 on Friday. The firm's 50 day simple moving average is $37.49 and its 200-day simple moving average is $38.76. The company has a market cap of $10.17 billion, a P/E ratio of 14.59 and a beta of 1.29. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.72 and a quick ratio of 0.67. LKQ Co. has a fifty-two week low of $35.56 and a fifty-two week high of $53.68.
A number of equities analysts have issued reports on the company. StockNews.com raised LKQ from a "hold" rating to a "buy" rating in a research note on Monday, November 18th. Barrington Research reaffirmed an "outperform" rating and issued a $60.00 price objective on shares of LKQ in a research note on Friday. Stifel Nicolaus lowered their price objective on shares of LKQ from $53.00 to $47.00 and set a "buy" rating on the stock in a research note on Friday, October 25th. Robert W. Baird lowered their price objective on shares of LKQ from $50.00 to $48.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of LKQ from $50.00 to $48.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 11th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, LKQ has a consensus rating of "Buy" and an average price target of $52.40.
Get Our Latest Stock Report on LKQ
In related news, Director Dominick P. Zarcone sold 5,000 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $36.84, for a total transaction of $184,200.00. Following the completion of the sale, the director now directly owns 374,462 shares in the company, valued at approximately $13,795,180.08. This trade represents a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.55% of the stock is currently owned by insiders.
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.
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