LKQ Co. (NASDAQ:LKQ) Stock Position Decreased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. cut its stake in shares of LKQ Co. (NASDAQ:LKQ) by 0.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 676,492 shares of the auto parts company’s stock after selling 2,938 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in LKQ were worth $24,861,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of LKQ. Pacer Advisors Inc. lifted its stake in LKQ by 112.9% during the fourth quarter. Pacer Advisors Inc. now owns 42,563 shares of the auto parts company’s stock valued at $1,564,000 after buying an additional 22,575 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of LKQ by 11.0% during 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 period. Rehmann Capital Advisory Group purchased a new stake in shares of LKQ in the 3rd quarter valued at approximately $634,000. Quantbot Technologies LP boosted its stake in LKQ by 27,310.6% in the 3rd quarter. Quantbot Technologies LP now owns 64,415 shares of the auto parts company’s stock worth $2,571,000 after purchasing an additional 64,180 shares during the period. Finally, Albert D Mason Inc. grew its position in LKQ by 33.3% during the 4th quarter. Albert D Mason Inc. now owns 42,151 shares of the auto parts company’s stock worth $1,549,000 after purchasing an additional 10,533 shares in the last quarter. 95.63% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Dominick P. Zarcone sold 5,000 shares of the stock in a transaction that occurred on 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 sale, the director now owns 369,462 shares in the company, valued at $13,352,356.68. This represents a 1.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.55% of the company’s stock.

LKQ Price Performance

Shares of NASDAQ:LKQ opened at $37.69 on Wednesday. The stock has a market capitalization of $9.80 billion, a P/E ratio of 14.06 and a beta of 1.29. The business has a 50-day moving average of $37.53 and a two-hundred day moving average of $38.79. LKQ Co. has a fifty-two week low of $35.56 and a fifty-two week high of $53.68. 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

Several analysts have recently commented on LKQ shares. JPMorgan Chase & Co. decreased 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. Stifel Nicolaus lowered 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. Robert W. Baird dropped their target price on LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. StockNews.com upgraded shares of LKQ from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Finally, Barrington Research reiterated an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a research note on Friday, October 25th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, LKQ presently has an average rating of “Buy” and a consensus price target of $52.40.

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.