Bfsg LLC Decreases Position in LKQ Co. (NASDAQ:LKQ)

Bfsg LLC cut its stake in shares of LKQ Co. (NASDAQ:LKQ) by 28.9% during the fourth quarter, HoldingsChannel reports. The firm owned 13,982 shares of the auto parts company’s stock after selling 5,681 shares during the quarter. Bfsg LLC’s holdings in LKQ were worth $514,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in LKQ. Exchange Traded Concepts LLC purchased a new stake in LKQ during the third quarter valued at approximately $177,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of LKQ by 3.4% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 30,567 shares of the auto parts company’s stock worth $1,220,000 after buying an additional 998 shares during the period. Blue Trust Inc. raised its holdings in shares of LKQ by 40.6% in the third quarter. Blue Trust Inc. now owns 2,262 shares of the auto parts company’s stock worth $94,000 after buying an additional 653 shares during the period. Albert D Mason Inc. raised its holdings in shares of LKQ by 1.8% in the third quarter. Albert D Mason Inc. now owns 31,618 shares of the auto parts company’s stock worth $1,262,000 after buying an additional 549 shares during the period. Finally, IFM Investors Pty Ltd raised its holdings in shares of LKQ by 3.7% in the third quarter. IFM Investors Pty Ltd now owns 91,386 shares of the auto parts company’s stock worth $3,648,000 after buying an additional 3,259 shares during the period. 95.63% of the stock is currently owned by hedge funds and other institutional investors.

LKQ Stock Up 1.0 %

Shares of NASDAQ:LKQ opened at $39.51 on Wednesday. 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 $10.27 billion, a P/E ratio of 14.74 and a beta of 1.29. The business’s 50 day moving average is $37.48 and its 200 day moving average is $38.73. LKQ Co. has a 52-week low of $35.56 and a 52-week high of $53.68.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on LKQ shares. JPMorgan Chase & Co. reduced their price target on LKQ from $50.00 to $48.00 and set an “overweight” rating on the stock in a report on Tuesday, February 11th. StockNews.com upgraded LKQ from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Robert W. Baird reduced their price target on LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Barrington Research reissued an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a research note on Friday, February 14th. Finally, Stifel Nicolaus dropped their price objective on LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $52.40.

Insider Buying and Selling at LKQ

In other LKQ news, Director Dominick P. Zarcone sold 5,000 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $36.84, for a total transaction of $184,200.00. Following the sale, the director now owns 374,462 shares of the company’s stock, valued at approximately $13,795,180.08. This trade represents a 1.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.55% of the company’s stock.

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.