Assenagon Asset Management S.A. Has $3.10 Million Position in LKQ Co. (NASDAQ:LKQ)

Assenagon Asset Management S.A. boosted its holdings in shares of LKQ Co. (NASDAQ:LKQ - Free Report) by 264.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 84,235 shares of the auto parts company's stock after buying an additional 61,145 shares during the quarter. Assenagon Asset Management S.A.'s holdings in LKQ were worth $3,096,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of LKQ. Catalyst Capital Advisors LLC acquired a new position in shares of LKQ during the third quarter worth $25,000. Allworth Financial LP lifted its stake in shares of LKQ by 94.2% during the third quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company's stock worth $40,000 after buying an additional 490 shares during the period. Bruce G. Allen Investments LLC grew its holdings in shares of LKQ by 33.5% during 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 increased its position in shares of LKQ by 31.2% in the 3rd quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company's stock valued at $50,000 after acquiring an additional 299 shares during the period. Finally, Kennebec Savings Bank purchased a new position in LKQ in the 3rd quarter worth $57,000. 95.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on LKQ shares. StockNews.com upgraded LKQ from a "hold" rating to a "buy" rating in a research note on Monday, November 18th. Stifel Nicolaus reduced their price target on shares of LKQ from $53.00 to $47.00 and set a "buy" rating for the company in a research report on Friday, October 25th. Barrington Research reaffirmed an "outperform" rating and issued a $60.00 price objective on shares of LKQ in a report on Friday, October 25th. Finally, 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. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $53.80.

LKQ Price Performance

Shares of LKQ stock traded down $0.19 during trading hours on Wednesday, hitting $39.02. 1,600,285 shares of the company's stock were exchanged, compared to its average volume of 2,076,322. The firm has a market cap of $10.14 billion, a P/E ratio of 14.56 and a beta of 1.30. The firm has a 50 day moving average of $37.80 and a two-hundred day moving average of $39.38. 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 Co. has a fifty-two week low of $35.56 and a fifty-two week high of $53.68.

LKQ (NASDAQ:LKQ - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share for the quarter, topping analysts' consensus estimates of $0.87 by $0.01. The firm had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.65 billion. LKQ had a net margin of 4.90% and a return on equity of 15.15%. LKQ's quarterly revenue was up .4% on a year-over-year basis. During the same period in the previous year, the business posted $0.86 earnings per share. Sell-side analysts forecast that LKQ Co. will post 3.43 EPS for the current year.

Insider Activity at LKQ

In related news, Director Dominick P. Zarcone sold 5,000 shares of the business's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $36.84, for a total transaction of $184,200.00. Following the sale, the director now owns 374,462 shares of the company's stock, valued at approximately $13,795,180.08. The trade was a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.45% of the stock is currently owned by corporate insiders.

LKQ Company 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.