LKQ Co. (NASDAQ:LKQ) Stake Boosted by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. increased its position in shares of LKQ Co. (NASDAQ:LKQ) by 8.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,563 shares of the auto parts company’s stock after purchasing an additional 833 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in LKQ were worth $388,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC bought a new position in LKQ during the third quarter worth $25,000. Allworth Financial LP lifted its stake in LKQ by 94.2% in the third quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company’s stock valued at $40,000 after buying an additional 490 shares during the last quarter. Bruce G. Allen Investments LLC lifted its stake in LKQ by 33.5% in the third quarter. Bruce G. Allen Investments LLC now owns 1,151 shares of the auto parts company’s stock valued at $46,000 after buying an additional 289 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. Finally, Kennebec Savings Bank bought a new stake in LKQ in the third quarter valued at $57,000. 95.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LKQ has been the topic of a number of recent research reports. Robert W. Baird cut their target price on LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Barrington Research reiterated an “outperform” rating and issued a $60.00 target price on shares of LKQ in a research note on Friday, October 25th. Stifel Nicolaus cut 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. Finally, StockNews.com upgraded LKQ from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, LKQ presently has an average rating of “Buy” and a consensus price target of $53.80.

Insider Buying and Selling

In related news, Director Dominick P. Zarcone sold 5,000 shares of LKQ stock in a transaction dated Thursday, January 2nd. The stock was 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 of the company’s stock, valued at $13,795,180.08. The trade was a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.45% of the stock is owned by corporate insiders.

LKQ Price Performance

Shares of NASDAQ LKQ opened at $36.92 on Wednesday. The firm’s 50-day simple moving average is $37.73 and its 200 day simple moving average is $38.98. The stock has a market cap of $9.60 billion, a P/E ratio of 13.78 and a beta of 1.29. 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.

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.