Quent Capital LLC Acquires 528 Shares of LKQ Co. (NASDAQ:LKQ)

Quent Capital LLC lifted its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 20.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 3,133 shares of the auto parts company’s stock after purchasing an additional 528 shares during the quarter. Quent Capital LLC’s holdings in LKQ were worth $115,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LKQ. Erste Asset Management GmbH bought a new position in shares of LKQ during the 3rd quarter worth about $45,733,000. Seizert Capital Partners LLC increased its position in shares of LKQ by 451.1% during the 3rd quarter. Seizert Capital Partners LLC now owns 1,327,664 shares of the auto parts company’s stock worth $53,000,000 after purchasing an additional 1,086,758 shares in the last quarter. Nordea Investment Management AB increased its position in shares of LKQ by 11.0% during 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 purchasing an additional 833,519 shares in the last quarter. Private Management Group Inc. acquired a new stake in shares of LKQ during the 3rd quarter worth about $19,889,000. Finally, KBC Group NV increased its position in shares of LKQ by 68.5% during the 4th quarter. KBC Group NV now owns 1,210,661 shares of the auto parts company’s stock worth $44,492,000 after purchasing an additional 492,356 shares in the last quarter. 95.63% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on LKQ. StockNews.com upgraded shares of LKQ from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Stifel Nicolaus dropped their target price on shares of LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Barrington Research reiterated an “outperform” rating and set a $60.00 target price on shares of LKQ in a research 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 for the company in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of LKQ from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Tuesday. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, LKQ presently has an average rating of “Buy” and an average target price of $52.40.

LKQ Trading Up 1.2 %

LKQ opened at $38.13 on Thursday. The company has a current ratio of 1.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $9.91 billion, a PE ratio of 14.23 and a beta of 1.29. LKQ Co. has a 1-year low of $35.56 and a 1-year high of $53.68. The firm has a 50-day moving average price of $37.51 and a two-hundred day moving average price of $38.78.

Insider Buying and Selling at LKQ

In other news, Director Dominick P. Zarcone sold 5,000 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $36.14, for a total value of $180,700.00. Following the transaction, the director now owns 369,462 shares of the company’s stock, valued at approximately $13,352,356.68. This trade represents a 1.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate 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.