GHP Investment Advisors Inc. Trims Stock Position in LKQ Co. (NASDAQ:LKQ)

GHP Investment Advisors Inc. decreased its stake in LKQ Co. (NASDAQ:LKQ) by 6.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 62,894 shares of the auto parts company’s stock after selling 4,349 shares during the quarter. GHP Investment Advisors Inc.’s holdings in LKQ were worth $2,311,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Catalyst Capital Advisors LLC acquired a new stake in shares of LKQ during the 3rd quarter worth approximately $25,000. Allworth Financial LP increased its holdings in LKQ by 94.2% in the third quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company’s stock valued at $40,000 after buying an additional 490 shares in the last quarter. Bruce G. Allen Investments LLC raised its position in shares of LKQ by 33.5% in the third quarter. Bruce G. Allen Investments LLC now owns 1,151 shares of the auto parts company’s stock worth $46,000 after acquiring an additional 289 shares during the period. Private Trust Co. NA boosted its stake in shares of LKQ by 31.2% during the 3rd quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company’s stock worth $50,000 after acquiring an additional 299 shares in the last quarter. Finally, Kennebec Savings Bank purchased a new position in shares of LKQ in the 3rd quarter valued at about $57,000. 95.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on LKQ shares. StockNews.com raised LKQ from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Robert W. Baird reduced their price target 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. Stifel Nicolaus lowered their price objective on LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Finally, Barrington Research restated an “outperform” rating and issued a $60.00 target price on shares of LKQ in a research report on Friday, October 25th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $53.80.

LKQ Trading Up 1.6 %

Shares of LKQ stock opened at $37.37 on Friday. 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 stock’s 50 day simple moving average is $37.65 and its 200-day simple moving average is $38.96. The stock has a market cap of $9.71 billion, a P/E ratio of 13.94 and a beta of 1.29. LKQ Co. has a 1-year low of $35.56 and a 1-year high of $53.68.

Insiders Place Their Bets

In other LKQ news, Director Dominick P. Zarcone sold 5,000 shares of LKQ stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $36.14, for a total transaction of $180,700.00. Following the transaction, the director now directly owns 369,462 shares of the company’s stock, valued at $13,352,356.68. The trade was a 1.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.45% of the stock is currently owned by corporate insiders.

LKQ 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.