Tectonic Advisors LLC Sells 8,096 Shares of LKQ Co. (NASDAQ:LKQ)

Tectonic Advisors LLC reduced its stake in shares of LKQ Co. (NASDAQ:LKQ) by 3.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 248,961 shares of the auto parts company’s stock after selling 8,096 shares during the quarter. Tectonic Advisors LLC’s holdings in LKQ were worth $9,149,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA lifted its holdings in LKQ by 0.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 11,977,708 shares of the auto parts company’s stock worth $478,150,000 after purchasing an additional 33,212 shares during the last quarter. State Street Corp raised its position in shares of LKQ by 1.2% in the third quarter. State Street Corp now owns 11,449,166 shares of the auto parts company’s stock valued at $457,051,000 after purchasing an additional 134,176 shares during the period. Nordea Investment Management AB lifted its stake in shares of LKQ by 11.0% in the fourth quarter. Nordea Investment Management AB now owns 8,406,444 shares of the auto parts company’s stock worth $309,609,000 after buying an additional 833,519 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of LKQ by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 6,542,740 shares of the auto parts company’s stock worth $260,330,000 after buying an additional 21,161 shares during the period. Finally, FMR LLC grew its stake in LKQ by 7.3% in the 3rd quarter. FMR LLC now owns 6,020,689 shares of the auto parts company’s stock valued at $240,346,000 after buying an additional 411,390 shares during the last quarter. Institutional investors and hedge funds own 95.63% of the company’s stock.

LKQ Price Performance

Shares of LKQ stock opened at $36.92 on Wednesday. The firm has a market cap of $9.60 billion, a P/E ratio of 13.78 and a beta of 1.29. The firm’s 50-day simple moving average is $37.73 and its 200-day simple moving average is $38.98. LKQ Co. has a twelve month low of $35.56 and a twelve month high of $53.68. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.72.

Analyst Ratings Changes

LKQ has been the subject of a number of recent analyst reports. Barrington Research restated an “outperform” rating and set a $60.00 price target on shares of LKQ in a report on Friday, October 25th. Stifel Nicolaus decreased their target price on LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a research note on Friday, October 25th. StockNews.com raised LKQ from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Finally, Robert W. Baird reduced their price objective on LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $53.80.

Insider Transactions at LKQ

In other LKQ news, Director Dominick P. Zarcone sold 5,000 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was 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. The trade was a 1.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.45% of the stock is currently owned by insiders.

About LKQ

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.