Sound Income Strategies LLC Acquires 13,364 Shares of LKQ Co. (NASDAQ:LKQ)

Sound Income Strategies LLC increased its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 13.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 111,460 shares of the auto parts company’s stock after buying an additional 13,364 shares during the period. Sound Income Strategies LLC’s holdings in LKQ were worth $4,096,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Bruce G. Allen Investments LLC increased its stake in shares of LKQ by 33.5% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,151 shares of the auto parts company’s stock valued at $46,000 after acquiring an additional 289 shares during the last quarter. Private Trust Co. NA increased its stake in LKQ by 31.2% in the third quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company’s stock valued at $50,000 after purchasing an additional 299 shares in the last quarter. Asset Management One Co. Ltd. raised its holdings in LKQ by 0.3% in the third quarter. Asset Management One Co. Ltd. now owns 103,156 shares of the auto parts company’s stock worth $4,118,000 after purchasing an additional 306 shares during the period. Ensign Peak Advisors Inc boosted its position in shares of LKQ by 0.5% during the second quarter. Ensign Peak Advisors Inc now owns 81,526 shares of the auto parts company’s stock worth $3,391,000 after purchasing an additional 400 shares in the last quarter. Finally, Van ECK Associates Corp grew its holdings in shares of LKQ by 7.0% in the 3rd quarter. Van ECK Associates Corp now owns 7,372 shares of the auto parts company’s stock valued at $279,000 after buying an additional 485 shares during the period. 95.63% of the stock is owned by institutional investors.

LKQ Trading Down 1.0 %

Shares of NASDAQ:LKQ opened at $38.64 on Friday. The stock has a market capitalization of $10.04 billion, a PE ratio of 14.42 and a beta of 1.30. The company’s 50-day moving average price is $37.80 and its two-hundred day moving average price is $39.38. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.72 and a quick ratio of 0.67. LKQ Co. has a one year low of $35.56 and a one year high of $53.68.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.01. The firm had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.65 billion. LKQ had a return on equity of 15.15% and a net margin of 4.90%. The business’s revenue was up .4% compared to the same quarter last year. During the same period last year, the company earned $0.86 earnings per share. On average, equities analysts forecast that LKQ Co. will post 3.43 EPS for the current fiscal year.

Insider Buying and Selling

In other LKQ news, Director Dominick P. Zarcone sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $36.84, for a total transaction of $184,200.00. Following the transaction, the director now owns 374,462 shares of the company’s stock, valued at $13,795,180.08. The trade was a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.55% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Barrington Research reiterated an “outperform” rating and set a $60.00 target price on shares of LKQ in a report on Friday, October 25th. Stifel Nicolaus decreased their price objective on LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Robert W. Baird dropped their target price 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. Finally, StockNews.com raised shares of LKQ from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, LKQ has an average rating of “Buy” and an average target price of $53.80.

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.