Benjamin F. Edwards & Company Inc. boosted its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 943.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,695 shares of the auto parts company’s stock after purchasing an additional 4,245 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in LKQ were worth $111,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the stock. Rhumbline Advisers grew its holdings in shares of LKQ by 1.3% in the fourth quarter. Rhumbline Advisers now owns 583,785 shares of the auto parts company’s stock worth $13,853,000 after purchasing an additional 7,571 shares during the last quarter. Crossmark Global Holdings Inc. grew its holdings in shares of LKQ by 104.1% in the fourth quarter. Crossmark Global Holdings Inc. now owns 39,082 shares of the auto parts company’s stock worth $927,000 after purchasing an additional 19,931 shares during the last quarter. Kornitzer Capital Management Inc. KS grew its holdings in shares of LKQ by 18.8% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 1,275,241 shares of the auto parts company’s stock worth $30,261,000 after purchasing an additional 202,072 shares during the last quarter. Sigma Planning Corp bought a new position in shares of LKQ in the fourth quarter worth about $224,000. Finally, KBC Group NV grew its holdings in shares of LKQ by 17.6% in the fourth quarter. KBC Group NV now owns 138,826 shares of the auto parts company’s stock worth $3,294,000 after purchasing an additional 20,778 shares during the last quarter. 90.82% of the stock is currently owned by institutional investors.
A number of research analysts have recently commented on LKQ shares. William Blair cut shares of LKQ from an “outperform” rating to a “market perform” rating in a report on Friday, January 18th. BidaskClub cut shares of LKQ from a “hold” rating to a “sell” rating in a report on Thursday, January 24th. Zacks Investment Research cut shares of LKQ from a “hold” rating to a “sell” rating in a report on Monday, November 19th. Barrington Research reiterated a “buy” rating on shares of LKQ in a report on Friday, December 14th. Finally, ValuEngine cut shares of LKQ from a “sell” rating to a “strong sell” rating in a report on Friday. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. LKQ currently has a consensus rating of “Hold” and an average price target of $41.00.
Shares of LKQ stock opened at $26.42 on Tuesday. The company has a current ratio of 2.65, a quick ratio of 1.04 and a debt-to-equity ratio of 0.87. LKQ Co. has a 1 year low of $22.74 and a 1 year high of $42.49. The stock has a market cap of $8.35 billion, a price-to-earnings ratio of 14.05, a price-to-earnings-growth ratio of 0.70 and a beta of 1.25.
LKQ announced that its board has approved a stock buyback plan on Thursday, October 25th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the auto parts company to purchase up to 5.8% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued.
LKQ Corporation, together with its subsidiaries, distributes replacement parts, components, and systems used in the repair and maintenance of vehicles in North America, Europe, and Taiwan. It operates in three segments: North America, Europe, and Specialty. The company distributes bumper covers, automotive body panels, and lights, as well as automotive glass products, such as windshields; 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.
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