Kennebec Savings Bank Sells 375 Shares of LKQ Co. (NASDAQ:LKQ)

Kennebec Savings Bank reduced its stake in LKQ Co. (NASDAQ:LKQ) by 26.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,042 shares of the auto parts company’s stock after selling 375 shares during the quarter. Kennebec Savings Bank’s holdings in LKQ were worth $38,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of LKQ. Massachusetts Financial Services Co. MA raised its stake in shares of LKQ by 0.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 11,977,708 shares of the auto parts company’s stock worth $478,150,000 after buying an additional 33,212 shares during the period. State Street Corp increased its holdings in LKQ by 1.2% in the 3rd quarter. State Street Corp now owns 11,449,166 shares of the auto parts company’s stock worth $457,051,000 after acquiring an additional 134,176 shares in the last quarter. Nordea Investment Management AB raised its stake in LKQ by 11.0% during the 4th quarter. Nordea Investment Management AB now owns 8,406,444 shares of the auto parts company’s stock worth $309,609,000 after acquiring an additional 833,519 shares during the period. Geode Capital Management LLC lifted its holdings in LKQ by 0.3% during the third quarter. Geode Capital Management LLC now owns 6,542,740 shares of the auto parts company’s stock valued at $260,330,000 after purchasing an additional 21,161 shares in the last quarter. Finally, FMR LLC boosted its position in shares of LKQ by 7.3% in the third quarter. FMR LLC now owns 6,020,689 shares of the auto parts company’s stock worth $240,346,000 after purchasing an additional 411,390 shares during the period. Institutional investors own 95.63% of the company’s stock.

LKQ Trading Up 1.1 %

Shares of NASDAQ LKQ opened at $38.24 on Friday. The stock has a market capitalization of $9.94 billion, a P/E ratio of 14.27 and a beta of 1.30. LKQ Co. has a 1-year low of $35.56 and a 1-year high of $53.68. The business’s 50 day moving average is $37.85 and its two-hundred day moving average is $39.24. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.72 and a quick ratio of 0.67.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other LKQ news, Director Dominick P. Zarcone sold 5,000 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $36.84, for a total transaction of $184,200.00. Following the transaction, the director now directly owns 374,462 shares in the company, valued at $13,795,180.08. This represents a 1.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.55% of the stock is owned by insiders.

LKQ Company 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.