Retirement Systems of Alabama Cuts Position in LKQ Co. (NASDAQ:LKQ)

Retirement Systems of Alabama lessened its position in shares of LKQ Co. (NASDAQ:LKQ) by 74.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 56,284 shares of the auto parts company’s stock after selling 165,226 shares during the quarter. Retirement Systems of Alabama’s holdings in LKQ were worth $2,068,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Ninety One UK Ltd boosted its holdings in shares of LKQ by 28.5% in the 4th quarter. Ninety One UK Ltd now owns 833,015 shares of the auto parts company’s stock worth $30,613,000 after purchasing an additional 184,710 shares during the period. CENTRAL TRUST Co boosted its holdings in shares of LKQ by 618.0% in the 4th quarter. CENTRAL TRUST Co now owns 1,673 shares of the auto parts company’s stock worth $61,000 after purchasing an additional 1,440 shares during the period. River Street Advisors LLC lifted its stake in LKQ by 21.6% in the fourth quarter. River Street Advisors LLC now owns 8,592 shares of the auto parts company’s stock worth $316,000 after purchasing an additional 1,528 shares during the last quarter. Spire Wealth Management boosted its position in shares of LKQ by 92.5% during the fourth quarter. Spire Wealth Management now owns 2,890 shares of the auto parts company’s stock valued at $106,000 after buying an additional 1,389 shares during the period. Finally, Osborne Partners Capital Management LLC boosted its position in shares of LKQ by 87.7% during the fourth quarter. Osborne Partners Capital Management LLC now owns 263,853 shares of the auto parts company’s stock valued at $9,697,000 after buying an additional 123,308 shares during the period. Hedge funds and other institutional investors own 95.63% of the company’s stock.

LKQ Stock Performance

NASDAQ:LKQ opened at $37.69 on Wednesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.72. The stock has a market capitalization of $9.80 billion, a P/E ratio of 14.06 and a beta of 1.29. The company has a 50 day moving average price of $37.53 and a 200 day moving average price of $38.79. LKQ Co. has a fifty-two week low of $35.56 and a fifty-two week high of $53.68.

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 that occurred on Thursday, January 2nd. The shares were sold at an average price of $36.84, for a total value of $184,200.00. Following the completion of the transaction, the director now owns 374,462 shares of the company’s stock, valued at $13,795,180.08. This trade represents a 1.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.55% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

About LKQ

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.