Dominick P. Zarcone Sells 5,000 Shares of LKQ Co. (NASDAQ:LKQ) Stock

LKQ Co. (NASDAQ:LKQ) Director Dominick P. Zarcone sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $36.14, for a total value of $180,700.00. Following the completion of the sale, the director now directly owns 369,462 shares of the company’s stock, valued at approximately $13,352,356.68. The trade was a 1.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

LKQ Stock Down 1.2 %

Shares of LKQ traded down $0.43 during trading hours on Monday, hitting $36.96. The stock had a trading volume of 2,614,618 shares, compared to its average volume of 2,026,439. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.72 and a quick ratio of 0.67. The firm has a 50 day simple moving average of $37.83 and a 200-day simple moving average of $39.10. LKQ Co. has a 1-year low of $35.56 and a 1-year high of $53.68. The firm has a market capitalization of $9.61 billion, a P/E ratio of 13.79 and a beta of 1.29.

Analyst Ratings Changes

A number of brokerages recently issued reports on LKQ. 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. Stifel Nicolaus dropped their price objective on LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a report on Friday, October 25th. StockNews.com upgraded shares of LKQ from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Finally, Barrington Research restated an “outperform” rating and set a $60.00 price objective on shares of LKQ in a research note on Friday, October 25th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $53.80.

Institutional Investors Weigh In On LKQ

Several institutional investors and hedge funds have recently added to or reduced their stakes in LKQ. Cromwell Holdings LLC lifted its holdings in LKQ by 81.0% during the fourth quarter. Cromwell Holdings LLC now owns 742 shares of the auto parts company’s stock valued at $27,000 after purchasing an additional 332 shares during the last quarter. ING Groep NV bought a new position in LKQ in the 4th quarter worth approximately $1,220,000. Ieq Capital LLC grew its stake in LKQ by 115.6% in the 4th quarter. Ieq Capital LLC now owns 13,595 shares of the auto parts company’s stock valued at $500,000 after buying an additional 7,288 shares in the last quarter. Alberta Investment Management Corp purchased a new stake in shares of LKQ during the fourth quarter worth $3,493,000. Finally, Rice Hall James & Associates LLC boosted its holdings in shares of LKQ by 408.0% in the fourth quarter. Rice Hall James & Associates LLC now owns 443,030 shares of the auto parts company’s stock worth $16,281,000 after acquiring an additional 355,815 shares during the period. Hedge funds and other institutional investors own 95.63% 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.