State of New Jersey Common Pension Fund D Has $6.89 Million Stake in LKQ Co. (NASDAQ:LKQ)

State of New Jersey Common Pension Fund D boosted its holdings in shares of LKQ Co. (NASDAQ:LKQFree Report) by 1.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 139,146 shares of the auto parts company’s stock after purchasing an additional 2,467 shares during the period. State of New Jersey Common Pension Fund D’s holdings in LKQ were worth $6,889,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. OFI Invest Asset Management acquired a new stake in shares of LKQ during the third quarter worth approximately $26,000. Clear Street Markets LLC increased its holdings in shares of LKQ by 94.1% during the first quarter. Clear Street Markets LLC now owns 497 shares of the auto parts company’s stock worth $28,000 after buying an additional 241 shares in the last quarter. Covestor Ltd increased its holdings in shares of LKQ by 81.1% during the first quarter. Covestor Ltd now owns 623 shares of the auto parts company’s stock worth $28,000 after buying an additional 279 shares in the last quarter. BOK Financial Private Wealth Inc. acquired a new stake in shares of LKQ during the third quarter worth approximately $33,000. Finally, NBC Securities Inc. acquired a new stake in shares of LKQ during the third quarter worth approximately $34,000. Institutional investors own 93.67% of the company’s stock.

Wall Street Analyst Weigh In

LKQ has been the subject of several recent analyst reports. JPMorgan Chase & Co. dropped their price objective on shares of LKQ from $65.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, January 25th. Stifel Nicolaus reissued a “buy” rating and issued a $66.00 price target on shares of LKQ in a report on Tuesday, November 28th. Finally, StockNews.com raised shares of LKQ from a “hold” rating to a “buy” rating in a report on Saturday. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, LKQ presently has a consensus rating of “Buy” and a consensus price target of $64.67.

Read Our Latest Research Report on LKQ

Insider Activity at LKQ

In other LKQ news, Director Blythe J. Mcgarvie sold 5,564 shares of LKQ stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $46.82, for a total transaction of $260,506.48. Following the completion of the sale, the director now owns 23,880 shares of the company’s stock, valued at approximately $1,118,061.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other LKQ news, Director Blythe J. Mcgarvie sold 5,564 shares of LKQ stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $46.82, for a total transaction of $260,506.48. Following the completion of the sale, the director now owns 23,880 shares of the company’s stock, valued at approximately $1,118,061.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Varun Laroyia sold 35,000 shares of LKQ stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $45.99, for a total transaction of $1,609,650.00. Following the sale, the chief executive officer now directly owns 153,805 shares of the company’s stock, valued at approximately $7,073,491.95. The disclosure for this sale can be found here. 0.55% of the stock is currently owned by company insiders.

LKQ Stock Performance

Shares of LKQ stock opened at $49.17 on Tuesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.49 and a quick ratio of 0.64. The firm has a market cap of $13.16 billion, a P/E ratio of 13.81 and a beta of 1.27. The firm has a 50 day simple moving average of $47.13 and a 200 day simple moving average of $48.51. LKQ Co. has a fifty-two week low of $41.49 and a fifty-two week high of $59.38.

LKQ Profile

(Free Report)

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 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.

See Also

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Institutional Ownership by Quarter for LKQ (NASDAQ:LKQ)

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