Sound Income Strategies LLC Has $4.10 Million Position in LKQ Co. (NASDAQ:LKQ)

Sound Income Strategies LLC lifted its stake in shares of LKQ Co. (NASDAQ:LKQ) by 13.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 111,460 shares of the auto parts company’s stock after buying an additional 13,364 shares during the quarter. Sound Income Strategies LLC’s holdings in LKQ were worth $4,096,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Erste Asset Management GmbH acquired a new stake in shares of LKQ during the third quarter worth $45,733,000. Seizert Capital Partners LLC raised its stake in LKQ by 451.1% in the 3rd quarter. Seizert Capital Partners LLC now owns 1,327,664 shares of the auto parts company’s stock worth $53,000,000 after purchasing an additional 1,086,758 shares in the last quarter. Millennium Management LLC boosted its holdings in LKQ by 552.8% in the 2nd quarter. Millennium Management LLC now owns 1,236,158 shares of the auto parts company’s stock valued at $51,412,000 after purchasing an additional 1,046,805 shares during the period. Nordea Investment Management AB increased its holdings in shares of LKQ by 11.0% during the fourth quarter. Nordea Investment Management AB now owns 8,406,444 shares of the auto parts company’s stock worth $309,609,000 after purchasing an additional 833,519 shares during the period. Finally, Private Management Group Inc. acquired a new stake in shares of LKQ in the third quarter valued at approximately $19,889,000. Institutional investors own 95.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on LKQ. Barrington Research reissued an “outperform” rating and set a $60.00 price target on shares of LKQ in a research report on Friday, October 25th. StockNews.com upgraded LKQ from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. Robert W. Baird cut their price objective 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. Finally, Stifel Nicolaus decreased their target price 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. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, LKQ currently has a consensus rating of “Buy” and a consensus target price of $53.80.

Insiders Place Their Bets

In related news, Director Dominick P. Zarcone sold 5,000 shares of LKQ stock in a transaction that occurred on 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 directly owns 374,462 shares in the company, valued at $13,795,180.08. This trade represents a 1.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.55% of the company’s stock.

LKQ Stock Performance

LKQ stock opened at $38.64 on Friday. The stock has a market cap of $10.04 billion, a PE ratio of 14.42 and a beta of 1.30. 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 12-month low of $35.56 and a 12-month high of $53.68. The business’s 50-day moving average price is $37.80 and its two-hundred day moving average price is $39.38.

LKQ (NASDAQ:LKQ) last released its quarterly earnings data on Thursday, October 24th. The auto parts company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.01. LKQ had a net margin of 4.90% and a return on equity of 15.15%. The business had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.65 billion. During the same period in the prior year, the company earned $0.86 EPS. The firm’s quarterly revenue was up .4% compared to the same quarter last year. As a group, analysts expect that LKQ Co. will post 3.43 earnings per share for the current fiscal year.

LKQ 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.