LKQ Co. (NASDAQ:LKQ) Shares Acquired by Legato Capital Management LLC

Legato Capital Management LLC lifted its stake in LKQ Co. (NASDAQ:LKQ) by 10.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 63,226 shares of the auto parts company’s stock after purchasing an additional 5,760 shares during the quarter. Legato Capital Management LLC’s holdings in LKQ were worth $2,324,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in LKQ. Quent Capital LLC grew its position in LKQ by 20.3% in the fourth quarter. Quent Capital LLC now owns 3,133 shares of the auto parts company’s stock worth $115,000 after acquiring an additional 528 shares during the period. Polaris Capital Management LLC raised its holdings in LKQ by 3.7% in the 4th quarter. Polaris Capital Management LLC now owns 705,700 shares of the auto parts company’s stock valued at $25,934,000 after buying an additional 25,400 shares during the period. Stephens Inc. AR lifted its position in LKQ by 4.4% in the fourth quarter. Stephens Inc. AR now owns 194,085 shares of the auto parts company’s stock valued at $7,133,000 after buying an additional 8,218 shares during the last quarter. Thompson Investment Management Inc. boosted its stake in LKQ by 37.2% during the fourth quarter. Thompson Investment Management Inc. now owns 274,731 shares of the auto parts company’s stock worth $10,096,000 after buying an additional 74,553 shares during the period. Finally, Private Management Group Inc. increased its position in shares of LKQ by 76.9% during the fourth quarter. Private Management Group Inc. now owns 881,325 shares of the auto parts company’s stock valued at $32,389,000 after acquiring an additional 383,109 shares during the last quarter. Institutional investors and hedge funds own 95.63% of the company’s stock.

LKQ Stock Up 0.9 %

Shares of NASDAQ LKQ opened at $37.69 on Wednesday. The business’s fifty day simple moving average is $37.53 and its 200-day simple moving average is $38.79. The company has a current ratio of 1.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.69. LKQ Co. has a 12-month low of $35.56 and a 12-month high of $53.68. The stock has a market cap of $9.80 billion, a P/E ratio of 14.06 and a beta of 1.29.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Robert W. Baird decreased their price objective on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Barrington Research restated an “outperform” rating and set a $60.00 price target on shares of LKQ in a research report on Friday, October 25th. StockNews.com raised LKQ from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Stifel Nicolaus decreased their target price on LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. dropped their target price on LKQ from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Tuesday. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $52.40.

Insider Activity

In other news, Director Dominick P. Zarcone sold 5,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $36.14, for a total transaction of $180,700.00. Following the completion of the transaction, the director now directly owns 369,462 shares of the company’s stock, valued at approximately $13,352,356.68. This represents a 1.34 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.55% of the company’s stock.

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.