Polaris Capital Management LLC Raises Stock Holdings in LKQ Co. (NASDAQ:LKQ)

Polaris Capital Management LLC lifted its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 3.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 705,700 shares of the auto parts company’s stock after buying an additional 25,400 shares during the period. Polaris Capital Management LLC owned approximately 0.27% of LKQ worth $25,934,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA lifted its stake in LKQ by 0.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 11,977,708 shares of the auto parts company’s stock valued at $478,150,000 after buying an additional 33,212 shares in the last quarter. State Street Corp increased its stake in shares of LKQ by 1.2% during the third quarter. State Street Corp now owns 11,449,166 shares of the auto parts company’s stock valued at $457,051,000 after acquiring an additional 134,176 shares during the period. Nordea Investment Management AB raised its stake in shares of LKQ by 11.0% in the 4th quarter. Nordea Investment Management AB now owns 8,406,444 shares of the auto parts company’s stock worth $309,609,000 after buying an additional 833,519 shares in the last quarter. Geode Capital Management LLC grew its holdings in LKQ by 0.3% during the third quarter. Geode Capital Management LLC now owns 6,542,740 shares of the auto parts company’s stock worth $260,330,000 after acquiring an additional 21,161 shares during the period. Finally, FMR LLC raised its position in LKQ by 7.3% in the third quarter. FMR LLC now owns 6,020,689 shares of the auto parts company’s stock worth $240,346,000 after acquiring an additional 411,390 shares in the last quarter. 95.63% of the stock is owned by institutional investors and hedge funds.

LKQ Price Performance

NASDAQ:LKQ opened at $37.35 on Tuesday. 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 company has a 50-day moving average of $37.57 and a 200-day moving average of $38.81. LKQ Co. has a 52 week low of $35.56 and a 52 week high of $53.68. The company has a market capitalization of $9.71 billion, a price-to-earnings ratio of 13.94 and a beta of 1.29.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. StockNews.com upgraded shares of LKQ from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Barrington Research restated an “outperform” rating and set a $60.00 price objective on shares of LKQ in a report on Friday, October 25th. Robert W. Baird dropped their target price 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. Finally, 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 report on Friday, October 25th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $53.80.

Insiders Place Their Bets

In other news, Director Dominick P. Zarcone sold 5,000 shares of LKQ 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 completion of the transaction, the director now owns 374,462 shares in the company, valued at approximately $13,795,180.08. The trade was a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.55% of the company’s stock.

LKQ 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.