LKQ Co. (NASDAQ:LKQ) Shares Purchased by Sound Income Strategies LLC

Sound Income Strategies LLC raised its holdings in shares of LKQ Co. (NASDAQ:LKQ - Free Report) by 13.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 111,460 shares of the auto parts company's stock after purchasing an additional 13,364 shares during the quarter. Sound Income Strategies LLC's holdings in LKQ were worth $4,096,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Catalyst Capital Advisors LLC bought a new stake in LKQ during the 3rd quarter valued at about $25,000. Allworth Financial LP raised 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 valued at $40,000 after acquiring an additional 490 shares in the last quarter. Bruce G. Allen Investments LLC grew its stake in LKQ by 33.5% in the third quarter. Bruce G. Allen Investments LLC now owns 1,151 shares of the auto parts company's stock worth $46,000 after purchasing an additional 289 shares in the last quarter. Private Trust Co. NA grew its stake 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 in the last quarter. Finally, Kennebec Savings Bank purchased a new stake in shares of LKQ in the 3rd quarter worth $57,000. 95.63% of the stock is owned by hedge funds and other institutional investors.

LKQ Stock Down 0.8 %

Shares of LKQ stock traded down $0.30 during trading hours on Friday, reaching $38.34. 1,521,718 shares of the company's stock were exchanged, compared to its average volume of 1,980,087. LKQ Co. has a 1 year low of $35.56 and a 1 year high of $53.68. The company has a current ratio of 1.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.69. The stock has a market cap of $9.97 billion, a PE ratio of 14.31 and a beta of 1.30. The stock's fifty day moving average price is $37.80 and its two-hundred day moving average price is $39.38.

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

Insider Activity

In related news, Director Dominick P. Zarcone sold 5,000 shares of LKQ stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $36.84, for a total transaction of $184,200.00. Following the completion of the sale, the director now owns 374,462 shares of the company's stock, valued at $13,795,180.08. The trade was a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.55% of the company's stock.

Analysts Set New Price Targets

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

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.