Cromwell Holdings LLC Has $27,000 Stock Holdings in LKQ Co. (NASDAQ:LKQ)

Cromwell Holdings LLC raised its holdings in LKQ Co. (NASDAQ:LKQ) by 81.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 742 shares of the auto parts company’s stock after acquiring an additional 332 shares during the quarter. Cromwell Holdings LLC’s holdings in LKQ were worth $27,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its stake in LKQ by 112.9% in the fourth quarter. Pacer Advisors Inc. now owns 42,563 shares of the auto parts company’s stock valued at $1,564,000 after acquiring an additional 22,575 shares during the last quarter. Nordea Investment Management AB lifted its stake in 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 valued at $309,609,000 after acquiring an additional 833,519 shares during the last quarter. Rehmann Capital Advisory Group acquired a new stake in shares of LKQ in the third quarter worth $634,000. Ninety One UK Ltd lifted its stake in shares of LKQ by 28.5% in the fourth quarter. Ninety One UK Ltd now owns 833,015 shares of the auto parts company’s stock worth $30,613,000 after buying an additional 184,710 shares during the last quarter. Finally, Quantbot Technologies LP lifted its stake in shares of LKQ by 27,310.6% in the third quarter. Quantbot Technologies LP now owns 64,415 shares of the auto parts company’s stock worth $2,571,000 after buying an additional 64,180 shares during the last quarter. 95.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at LKQ

In other news, Director Dominick P. Zarcone sold 10,000 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $41.66, for a total value of $416,600.00. Following the sale, the director now owns 359,462 shares of the company’s stock, valued at approximately $14,975,186.92. This represents a 2.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last quarter, insiders have sold 20,000 shares of company stock valued at $781,500. 0.55% of the stock is owned by insiders.

LKQ Trading Up 6.0 %

Shares of LKQ stock opened at $41.75 on Friday. The company’s fifty day moving average price is $37.58 and its two-hundred day moving average price is $38.75. 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 52-week low of $35.56 and a 52-week high of $53.68. The firm has a market capitalization of $10.85 billion, a PE ratio of 15.58 and a beta of 1.29.

LKQ (NASDAQ:LKQ) last posted its earnings results on Thursday, February 20th. The auto parts company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.04. LKQ had a net margin of 4.90% and a return on equity of 15.15%. On average, analysts expect that LKQ Co. will post 3.43 EPS for the current year.

Wall Street Analysts Forecast Growth

LKQ has been the subject of a number of analyst reports. Robert W. Baird reduced their price objective on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Stifel Nicolaus reduced their price objective on shares of LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a research note on Friday, October 25th. JPMorgan Chase & Co. reduced their price objective on shares of LKQ from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Tuesday, February 11th. StockNews.com cut shares of LKQ from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Barrington Research reiterated an “outperform” rating and set a $60.00 target price on shares of LKQ in a research note on Thursday. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.40.

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.