Olstein Capital Management L.P. Increases Stock Position in LKQ Co. (NASDAQ:LKQ)

Olstein Capital Management L.P. lifted its position in LKQ Co. (NASDAQ:LKQ - Free Report) by 16.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 290,000 shares of the auto parts company's stock after buying an additional 40,000 shares during the period. LKQ comprises 1.9% of Olstein Capital Management L.P.'s holdings, making the stock its 4th largest position. Olstein Capital Management L.P. owned 0.11% of LKQ worth $10,658,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. XTX Topco Ltd acquired a new position in shares of LKQ in the second quarter valued at approximately $237,000. ProShare Advisors LLC boosted its stake in LKQ by 7.9% in the 2nd quarter. ProShare Advisors LLC now owns 53,131 shares of the auto parts company's stock worth $2,210,000 after purchasing an additional 3,886 shares during the period. Public Sector Pension Investment Board increased its holdings in LKQ by 65.8% during the 2nd quarter. Public Sector Pension Investment Board now owns 10,075 shares of the auto parts company's stock worth $419,000 after purchasing an additional 3,999 shares in the last quarter. Bank of Montreal Can raised its stake in shares of LKQ by 13.7% in the 2nd quarter. Bank of Montreal Can now owns 391,894 shares of the auto parts company's stock valued at $16,311,000 after purchasing an additional 47,138 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of LKQ by 59.9% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 51,094 shares of the auto parts company's stock valued at $2,125,000 after purchasing an additional 19,145 shares in the last quarter. Institutional investors and hedge funds own 95.63% of the company's stock.

Insider Activity at LKQ

In other news, Director Dominick P. Zarcone sold 5,000 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $36.84, for a total value 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. This represents a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.55% of the stock is currently owned by company insiders.

Analyst Ratings Changes

LKQ has been the topic of a number of recent research reports. Robert W. Baird dropped their target price on LKQ from $50.00 to $48.00 and set an "outperform" rating on the stock in a research report on Friday, October 25th. Barrington Research reiterated an "outperform" rating and issued a $60.00 price objective on shares of LKQ in a report on Friday, October 25th. StockNews.com upgraded shares of LKQ from a "hold" rating to a "buy" rating in a report on Monday, November 18th. Finally, Stifel Nicolaus lowered their price target on shares of LKQ from $53.00 to $47.00 and set a "buy" rating on the stock in a research note on Friday, October 25th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $53.80.

LKQ Stock Down 0.8 %

Shares of NASDAQ LKQ traded down $0.30 during trading hours on Friday, hitting $38.34. The company had a trading volume of 1,524,241 shares, compared to its average volume of 1,666,162. LKQ Co. has a 1-year low of $35.56 and a 1-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. The firm's 50 day moving average is $37.80 and its 200-day moving average is $39.32. The stock has a market capitalization of $9.97 billion, a P/E ratio of 14.31 and a beta of 1.30.

LKQ (NASDAQ:LKQ - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The auto parts company reported $0.88 EPS for the quarter, beating analysts' consensus estimates of $0.87 by $0.01. The company had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.65 billion. LKQ had a net margin of 4.90% and a return on equity of 15.15%. The company's quarterly revenue was up .4% on a year-over-year basis. During the same quarter last year, the firm posted $0.86 EPS. On average, analysts expect that LKQ Co. will post 3.43 earnings per share for the current fiscal year.

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.