Avior Wealth Management LLC Sells 2,884 Shares of LKQ Co. (NASDAQ:LKQ)

Avior Wealth Management LLC reduced its stake in shares of LKQ Co. (NASDAQ:LKQ) by 11.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,631 shares of the auto parts company’s stock after selling 2,884 shares during the quarter. Avior Wealth Management LLC’s holdings in LKQ were worth $795,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of LKQ. Blair William & Co. IL grew its stake in shares of LKQ by 75.8% in the second quarter. Blair William & Co. IL now owns 7,322 shares of the auto parts company’s stock worth $305,000 after purchasing an additional 3,156 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of LKQ in the second quarter worth about $237,000. Ensign Peak Advisors Inc grew its stake in shares of LKQ by 0.5% in the second quarter. Ensign Peak Advisors Inc now owns 81,526 shares of the auto parts company’s stock worth $3,391,000 after purchasing an additional 400 shares during the last quarter. ProShare Advisors LLC grew its stake in shares of LKQ by 7.9% in the second quarter. ProShare Advisors LLC now owns 53,131 shares of the auto parts company’s stock worth $2,210,000 after purchasing an additional 3,886 shares during the last quarter. Finally, 1832 Asset Management L.P. grew its stake in shares of LKQ by 7.3% in the second quarter. 1832 Asset Management L.P. now owns 32,337 shares of the auto parts company’s stock worth $1,345,000 after purchasing an additional 2,194 shares during the last quarter. 95.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on LKQ shares. Robert W. Baird lowered their price objective on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Stifel Nicolaus dropped their price target on LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Barrington Research reaffirmed an “outperform” rating and issued a $60.00 price target on shares of LKQ in a research note on Friday, October 25th. Finally, StockNews.com raised LKQ from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $53.80.

LKQ Price Performance

Shares of LKQ stock opened at $38.34 on Friday. LKQ Co. has a twelve month low of $35.56 and a twelve month high of $53.68. The stock has a market cap of $9.97 billion, a price-to-earnings ratio of 14.31 and a beta of 1.30. The business’s fifty day moving average is $37.80 and its 200 day moving average is $39.35. The company has a quick ratio of 0.67, a current ratio of 1.72 and a debt-to-equity ratio of 0.69.

LKQ (NASDAQ:LKQ) last released its earnings results on Thursday, October 24th. The auto parts company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.01. LKQ had a return on equity of 15.15% and a net margin of 4.90%. The firm had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.65 billion. During the same period in the prior year, the firm posted $0.86 earnings per share. The company’s quarterly revenue was up .4% on a year-over-year basis. Research analysts expect that LKQ Co. will post 3.43 EPS for the current fiscal year.

Insider Transactions at LKQ

In other 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 value of $184,200.00. Following the sale, the director now directly owns 374,462 shares of the company’s stock, valued at approximately $13,795,180.08. This represents 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. 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.