Meixler Investment Management Ltd. Trims Stock Position in LKQ Co. (NASDAQ:LKQ)

Meixler Investment Management Ltd. reduced its stake in shares of LKQ Co. (NASDAQ:LKQ) by 5.5% during the fourth quarter, Holdings Channel reports. The firm owned 8,192 shares of the auto parts company’s stock after selling 475 shares during the quarter. Meixler Investment Management Ltd.’s holdings in LKQ were worth $301,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Allworth Financial LP grew its position in shares of LKQ by 107.8% in the 4th quarter. Allworth Financial LP now owns 2,099 shares of the auto parts company’s stock worth $82,000 after buying an additional 1,089 shares during the period. Principal Securities Inc. grew its position in shares of LKQ by 20.1% in the 4th quarter. Principal Securities Inc. now owns 10,161 shares of the auto parts company’s stock worth $373,000 after buying an additional 1,700 shares during the period. Blue Trust Inc. grew its position in shares of LKQ by 25.9% in the 4th quarter. Blue Trust Inc. now owns 2,847 shares of the auto parts company’s stock worth $105,000 after buying an additional 585 shares during the period. V Square Quantitative Management LLC grew its position in shares of LKQ by 17.6% in the 4th quarter. V Square Quantitative Management LLC now owns 14,872 shares of the auto parts company’s stock worth $547,000 after buying an additional 2,225 shares during the period. Finally, Legato Capital Management LLC grew its position in shares of LKQ by 10.0% in the 4th quarter. Legato Capital Management LLC now owns 63,226 shares of the auto parts company’s stock worth $2,324,000 after buying an additional 5,760 shares during the period. 95.63% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at LKQ

In other news, Director Dominick P. Zarcone sold 5,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $36.84, for a total value of $184,200.00. Following the transaction, the director now owns 374,462 shares in the company, valued at $13,795,180.08. This represents a 1.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.55% of the company’s stock.

LKQ Price Performance

LKQ opened at $39.11 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.72. The stock has a market capitalization of $10.17 billion, a P/E ratio of 14.59 and a beta of 1.29. The company’s 50-day simple moving average is $37.49 and its two-hundred day simple moving average is $38.76. LKQ Co. has a 52-week low of $35.56 and a 52-week high of $53.68.

Analysts Set New Price Targets

Several analysts recently commented on LKQ shares. Stifel Nicolaus cut their price objective on shares of LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. JPMorgan Chase & Co. cut their price objective 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. Barrington Research reissued an “outperform” rating and set a $60.00 price objective on shares of LKQ in a research report on Friday. 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 cut their price objective 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. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $52.40.

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.