LKQ Co. (NASDAQ:LKQ) Shares Sold by Harbor Investment Advisory LLC

Harbor Investment Advisory LLC decreased its holdings in LKQ Co. (NASDAQ:LKQ) by 27.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,000 shares of the auto parts company’s stock after selling 373 shares during the period. Harbor Investment Advisory LLC’s holdings in LKQ were worth $37,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. Diversify Wealth Management LLC grew its stake in shares of LKQ by 55.4% in the fourth quarter. Diversify Wealth Management LLC now owns 15,432 shares of the auto parts company’s stock worth $560,000 after acquiring an additional 5,503 shares in the last quarter. Albert D Mason Inc. grew its stake in shares of LKQ by 33.3% during the fourth quarter. Albert D Mason Inc. now owns 42,151 shares of the auto parts company’s stock worth $1,549,000 after purchasing an additional 10,533 shares in the last quarter. Merit Financial Group LLC grew its stake in shares of LKQ by 3.6% during the fourth quarter. Merit Financial Group LLC now owns 20,464 shares of the auto parts company’s stock worth $752,000 after purchasing an additional 703 shares in the last quarter. Eagle Rock Investment Company LLC acquired a new position in shares of LKQ during the fourth quarter worth $783,000. Finally, Legacy Wealth Asset Management LLC grew its stake in shares of LKQ by 37.6% during the fourth quarter. Legacy Wealth Asset Management LLC now owns 15,127 shares of the auto parts company’s stock worth $556,000 after purchasing an additional 4,131 shares in the last quarter. Institutional investors and hedge funds own 95.63% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Activity

In other news, Director Dominick P. Zarcone sold 5,000 shares of the company’s stock in a transaction dated 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.45% of the company’s stock.

LKQ Price Performance

Shares of LKQ opened at $39.02 on Thursday. LKQ Co. has a 1-year low of $35.56 and a 1-year high of $53.68. The stock has a market cap of $10.14 billion, a PE ratio of 14.56 and a beta of 1.30. 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 fifty day moving average price of $37.80 and a 200 day moving average price of $39.38.

LKQ (NASDAQ:LKQ) last announced its earnings results on Thursday, October 24th. The auto parts company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.01. LKQ had a net margin of 4.90% and a return on equity of 15.15%. The business had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.65 billion. During the same period in the prior year, the company earned $0.86 earnings per share. The business’s revenue was up .4% compared to the same quarter last year. As a group, sell-side analysts anticipate that LKQ Co. will post 3.43 EPS for the current year.

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.