Atlantic Edge Private Wealth Management LLC Sells 1,424 Shares of LKQ Co. (NASDAQ:LKQ)

Atlantic Edge Private Wealth Management LLC reduced its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 4.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 27,459 shares of the auto parts company’s stock after selling 1,424 shares during the quarter. Atlantic Edge Private Wealth Management LLC’s holdings in LKQ were worth $1,009,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Catalyst Capital Advisors LLC bought a new position in LKQ in the third quarter valued at about $25,000. Allworth Financial LP raised its position in LKQ by 94.2% in the third quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company’s stock valued at $40,000 after purchasing an additional 490 shares during the last quarter. Private Trust Co. NA raised its position 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 valued at $50,000 after purchasing an additional 299 shares during the last quarter. Kennebec Savings Bank bought a new position in LKQ in the third quarter valued at about $57,000. Finally, CENTRAL TRUST Co raised its position in LKQ by 618.0% in the fourth quarter. CENTRAL TRUST Co now owns 1,673 shares of the auto parts company’s stock valued at $61,000 after purchasing an additional 1,440 shares during the last quarter. 95.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Barrington Research reissued an “outperform” rating and issued a $60.00 price target on shares of LKQ in a research note on Friday, October 25th. Robert W. Baird decreased their target price on LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Stifel Nicolaus cut their price target on LKQ from $53.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Finally, StockNews.com upgraded LKQ from a “hold” rating to a “buy” rating in a report on Monday, November 18th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, LKQ has an average rating of “Buy” and an average price target of $53.80.

Insider Buying and Selling

In other LKQ news, Director Dominick P. Zarcone sold 5,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $36.14, for a total value of $180,700.00. Following the completion of the sale, the director now directly owns 369,462 shares of the company’s stock, valued at $13,352,356.68. This trade represents a 1.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.55% of the stock is currently owned by corporate insiders.

LKQ Stock Performance

Shares of LKQ stock opened at $37.35 on Tuesday. The business’s fifty day simple moving average is $37.57 and its 200 day simple moving average is $38.81. The firm has a market capitalization of $9.71 billion, a P/E ratio of 13.94 and a beta of 1.29. LKQ Co. has a 12 month low of $35.56 and a 12 month 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.

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.