SG Americas Securities LLC Sells 32,612 Shares of LKQ Co. (NASDAQ:LKQ)

SG Americas Securities LLC trimmed its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 89.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,804 shares of the auto parts company’s stock after selling 32,612 shares during the period. SG Americas Securities LLC’s holdings in LKQ were worth $140,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Private Trust Co. NA boosted its holdings 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 worth $50,000 after purchasing an additional 299 shares during the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of LKQ by 0.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 103,156 shares of the auto parts company’s stock valued at $4,118,000 after buying an additional 306 shares during the period. Van ECK Associates Corp boosted its stake in shares of LKQ by 7.0% in the 3rd quarter. Van ECK Associates Corp now owns 7,372 shares of the auto parts company’s stock worth $279,000 after buying an additional 485 shares during the last quarter. Allworth Financial LP grew its holdings in shares of LKQ by 94.2% in the third quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company’s stock worth $40,000 after acquiring an additional 490 shares during the period. Finally, Albert D Mason Inc. increased its position in LKQ by 1.8% during the third quarter. Albert D Mason Inc. now owns 31,618 shares of the auto parts company’s stock valued at $1,262,000 after acquiring an additional 549 shares during the last quarter. Institutional investors own 95.63% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on LKQ. StockNews.com raised LKQ from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Stifel Nicolaus dropped their price objective on shares of LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Robert W. Baird reduced their target price on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, Barrington Research reiterated an “outperform” rating and set a $60.00 price target on shares of LKQ in a research note on Friday, October 25th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, LKQ has a consensus rating of “Buy” and a consensus price target of $53.80.

Insider Activity at LKQ

In other LKQ news, Director Dominick P. Zarcone sold 5,000 shares of the company’s stock in a transaction that occurred 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 sale, the director now directly owns 374,462 shares in the company, valued at $13,795,180.08. This represents a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.55% of the stock is currently owned by insiders.

LKQ Stock Performance

NASDAQ LKQ opened at $37.35 on Tuesday. The stock has a market capitalization of $9.71 billion, a PE ratio of 13.94 and a beta of 1.29. LKQ Co. has a 1-year low of $35.56 and a 1-year high of $53.68. The business has a 50 day simple moving average of $37.57 and a two-hundred day simple moving average of $38.81. 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 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.