Regatta Capital Group LLC Has $733,000 Stock Holdings in LKQ Co. (NASDAQ:LKQ)

Regatta Capital Group LLC raised its stake in LKQ Co. (NASDAQ:LKQ) by 4.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,938 shares of the auto parts company’s stock after purchasing an additional 806 shares during the period. Regatta Capital Group LLC’s holdings in LKQ were worth $733,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Nordea Investment Management AB lifted its stake in shares of LKQ by 11.0% in the fourth quarter. Nordea Investment Management AB now owns 8,406,444 shares of the auto parts company’s stock valued at $309,609,000 after buying an additional 833,519 shares in the last quarter. Squarepoint Ops LLC raised its holdings in shares of LKQ by 3,683.6% in the 2nd quarter. Squarepoint Ops LLC now owns 274,577 shares of the auto parts company’s stock worth $11,420,000 after acquiring an additional 267,320 shares during the last quarter. Rehmann Capital Advisory Group bought a new position in LKQ in the 3rd quarter valued at about $634,000. Quantbot Technologies LP boosted its stake in LKQ by 27,310.6% during the 3rd quarter. Quantbot Technologies LP now owns 64,415 shares of the auto parts company’s stock valued at $2,571,000 after purchasing an additional 64,180 shares during the last quarter. Finally, Albert D Mason Inc. increased its holdings in LKQ by 33.3% during the 4th quarter. Albert D Mason Inc. now owns 42,151 shares of the auto parts company’s stock worth $1,549,000 after purchasing an additional 10,533 shares in the last quarter. Institutional investors and hedge funds own 95.63% of the company’s stock.

Insider Activity at LKQ

In related news, Director Dominick P. Zarcone sold 5,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $36.84, for a total value of $184,200.00. Following the sale, the director now directly owns 374,462 shares in the company, valued at approximately $13,795,180.08. The trade was a 1.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.55% of the stock is owned by company insiders.

LKQ Price Performance

Shares of NASDAQ:LKQ opened at $38.34 on Friday. The company has a market capitalization of $9.97 billion, a P/E ratio of 14.31 and a beta of 1.30. The company’s 50-day moving average is $37.80 and its 200 day moving average is $39.34. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.72. LKQ Co. has a fifty-two week low of $35.56 and a fifty-two week high of $53.68.

LKQ (NASDAQ:LKQ) last released its earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share for the quarter, beating 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 firm had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.65 billion. The company’s quarterly revenue was up .4% on a year-over-year basis. During the same period in the previous year, the company earned $0.86 earnings per share. On average, equities research analysts forecast that LKQ Co. will post 3.43 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on LKQ shares. 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 report on Friday, October 25th. Barrington Research reaffirmed an “outperform” rating and set a $60.00 price objective on shares of LKQ in a report on Friday, October 25th. Stifel Nicolaus lowered their target price on shares of LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a report on Friday, October 25th. Finally, StockNews.com upgraded shares of LKQ from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, LKQ currently has a consensus rating of “Buy” and a consensus target price of $53.80.

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.