New Mexico Educational Retirement Board Cuts Position in LKQ Co. (NASDAQ:LKQ)

New Mexico Educational Retirement Board lowered its position in LKQ Co. (NASDAQ:LKQ) by 3.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,550 shares of the auto parts company’s stock after selling 500 shares during the quarter. New Mexico Educational Retirement Board’s holdings in LKQ were worth $461,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. OLD Second National Bank of Aurora increased its holdings in shares of LKQ by 0.7% in the 4th quarter. OLD Second National Bank of Aurora now owns 44,169 shares of the auto parts company’s stock valued at $1,623,000 after acquiring an additional 287 shares during the last quarter. Private Trust Co. NA lifted 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 buying an additional 299 shares during the last quarter. Asset Management One Co. Ltd. grew its position in shares of LKQ by 0.3% during 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 acquiring an additional 306 shares during the last quarter. Exchange Traded Concepts LLC increased its stake in LKQ by 9.3% in the fourth quarter. Exchange Traded Concepts LLC now owns 4,841 shares of the auto parts company’s stock valued at $178,000 after purchasing an additional 412 shares during the period. Finally, Van ECK Associates Corp increased its stake in 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 hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LKQ has been the topic of several analyst reports. Barrington Research reaffirmed an “outperform” rating and issued a $60.00 target price on shares of LKQ in a report on Friday, February 14th. JPMorgan Chase & Co. dropped their target price on LKQ from $50.00 to $48.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 11th. StockNews.com upgraded LKQ from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Robert W. Baird cut their price objective on LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Finally, Stifel Nicolaus decreased their target price on shares of LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $52.40.

Insider Buying and Selling at LKQ

In other LKQ news, Director Dominick P. Zarcone sold 5,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now owns 374,462 shares of the company’s stock, valued at approximately $13,795,180.08. This trade represents a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.55% of the stock is currently owned by insiders.

LKQ Trading Up 1.0 %

Shares of LKQ stock opened at $39.51 on Wednesday. LKQ Co. has a fifty-two week low of $35.56 and a fifty-two week high of $53.68. The company has a quick ratio of 0.67, a current ratio of 1.72 and a debt-to-equity ratio of 0.69. The business has a fifty day simple moving average of $37.48 and a 200-day simple moving average of $38.73. The stock has a market cap of $10.27 billion, a P/E ratio of 14.74 and a beta of 1.29.

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.