Check Capital Management Inc. CA Reduces Stock Holdings in LKQ Co. (NASDAQ:LKQ)

Check Capital Management Inc. CA lessened its holdings in LKQ Co. (NASDAQ:LKQ - Free Report) by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,590,037 shares of the auto parts company's stock after selling 28,823 shares during the period. LKQ makes up about 1.7% of Check Capital Management Inc. CA's investment portfolio, making the stock its 8th largest position. Check Capital Management Inc. CA owned about 0.61% of LKQ worth $58,434,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in LKQ. Catalyst Capital Advisors LLC bought a new position in shares of LKQ in the 3rd quarter worth $25,000. Allworth Financial LP raised its holdings 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 purchasing an additional 490 shares during the last quarter. Private Trust Co. NA lifted its holdings 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 buying an additional 299 shares during the period. Kennebec Savings Bank purchased a new stake in LKQ during the third quarter worth $57,000. Finally, CENTRAL TRUST Co grew its position in shares of LKQ by 618.0% during the 4th quarter. CENTRAL TRUST Co now owns 1,673 shares of the auto parts company's stock valued at $61,000 after acquiring an additional 1,440 shares during the period. Institutional investors own 95.63% of the company's stock.

LKQ Price Performance

NASDAQ:LKQ traded down $0.11 during mid-day trading on Wednesday, hitting $39.40. 2,604,837 shares of the company's stock traded hands, compared to its average volume of 2,005,164. 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 firm's 50 day simple moving average is $37.51 and its 200 day simple moving average is $38.73. The company has a market cap of $10.24 billion, a PE ratio of 14.70 and a beta of 1.29. LKQ Co. has a 1 year low of $35.56 and a 1 year high of $53.68.

Insider Activity at LKQ

In other news, Director Dominick P. Zarcone sold 5,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $36.14, for a total transaction of $180,700.00. Following the completion of the transaction, the director now directly owns 369,462 shares in the company, valued at approximately $13,352,356.68. This represents a 1.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.45% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on LKQ. Robert W. Baird cut their target price 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. JPMorgan Chase & Co. dropped their price objective on shares of LKQ from $50.00 to $48.00 and set an "overweight" rating for the company in a report on Tuesday, February 11th. StockNews.com upgraded LKQ from a "hold" rating to a "buy" rating in a research report on Monday, November 18th. Stifel Nicolaus decreased 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. Finally, Barrington Research reiterated an "outperform" rating and set a $60.00 price target on shares of LKQ in a research note on Friday, February 14th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $52.40.

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.