State of New Jersey Common Pension Fund D Sells 5,754 Shares of LKQ Co. (NASDAQ:LKQ)

State of New Jersey Common Pension Fund D reduced its position in shares of LKQ Co. (NASDAQ:LKQ) by 6.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 88,342 shares of the auto parts company’s stock after selling 5,754 shares during the period. State of New Jersey Common Pension Fund D’s holdings in LKQ were worth $3,247,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of LKQ. Catalyst Capital Advisors LLC bought a new position in LKQ in the 3rd quarter worth approximately $25,000. Allworth Financial LP grew its stake in shares of LKQ by 94.2% in the third quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company’s stock worth $40,000 after acquiring an additional 490 shares during the last quarter. Private Trust Co. NA increased its position in LKQ by 31.2% during the third quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company’s stock worth $50,000 after acquiring an additional 299 shares during the period. Kennebec Savings Bank acquired a new position in LKQ during the 3rd quarter valued at $57,000. Finally, CENTRAL TRUST Co boosted its holdings in LKQ by 618.0% in 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 during the period. 95.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

LKQ Stock Down 0.3 %

NASDAQ LKQ opened at $39.40 on Thursday. LKQ Co. has a 1-year low of $35.56 and a 1-year high of $53.68. The company has a market capitalization of $10.24 billion, a price-to-earnings ratio of 14.70 and a beta of 1.29. The stock’s 50 day moving average is $37.51 and its two-hundred day moving average is $38.73. The company has a current ratio of 1.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.69.

Insider Activity at LKQ

In related news, Director Dominick P. Zarcone sold 5,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $36.14, for a total transaction of $180,700.00. Following the completion of the sale, the director now owns 369,462 shares in the company, valued at $13,352,356.68. This trade represents a 1.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.45% of the stock is owned by 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.