Dominick P. Zarcone Sells 5,000 Shares of LKQ Co. (NASDAQ:LKQ) Stock

LKQ Co. (NASDAQ:LKQ - Get Free Report) Director Dominick P. Zarcone sold 5,000 shares of the firm's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $36.14, for a total value of $180,700.00. Following the sale, the director now owns 369,462 shares of the company's stock, valued at $13,352,356.68. This represents a 1.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

LKQ Stock Performance

Shares of NASDAQ:LKQ traded up $0.02 during trading on Wednesday, hitting $36.94. 469,257 shares of the company traded hands, compared to its average volume of 1,955,961. The stock has a market capitalization of $9.60 billion, a price-to-earnings ratio of 13.78 and a beta of 1.29. The business's fifty day moving average is $37.73 and its 200-day moving average is $38.98. LKQ Co. has a one year low of $35.56 and a one year 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.

Analysts Set New Price Targets

Several equities analysts have recently commented on LKQ shares. Barrington Research reaffirmed an "outperform" rating and set a $60.00 price target on shares of LKQ in a research report on Friday, October 25th. StockNews.com raised LKQ from a "hold" rating to a "buy" rating in a report on Monday, November 18th. Robert W. Baird lowered their price objective on LKQ from $50.00 to $48.00 and set an "outperform" rating for the company in a report on Friday, October 25th. Finally, Stifel Nicolaus lowered their price objective on LKQ from $53.00 to $47.00 and set a "buy" rating for the company in a report on Friday, October 25th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $53.80.

Hedge Funds Weigh In On LKQ

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Proficio Capital Partners LLC bought a new position in LKQ during the 4th quarter valued at $556,000. Oppenheimer & Co. Inc. boosted its stake in LKQ by 0.8% during the 4th quarter. Oppenheimer & Co. Inc. now owns 65,452 shares of the auto parts company's stock valued at $2,405,000 after purchasing an additional 501 shares in the last quarter. Illinois Municipal Retirement Fund boosted its stake in LKQ by 58.8% during the 4th quarter. Illinois Municipal Retirement Fund now owns 268,031 shares of the auto parts company's stock valued at $9,850,000 after purchasing an additional 99,229 shares in the last quarter. Skylands Capital LLC boosted its stake in LKQ by 107.0% during the 4th quarter. Skylands Capital LLC now owns 72,050 shares of the auto parts company's stock valued at $2,648,000 after purchasing an additional 37,250 shares in the last quarter. Finally, South Dakota Investment Council boosted its stake in LKQ by 23.7% during the 4th quarter. South Dakota Investment Council now owns 446,173 shares of the auto parts company's stock valued at $16,397,000 after purchasing an additional 85,394 shares in the last quarter. 95.63% of the stock is owned by institutional investors.

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.