Addenda Capital Inc. Increases Position in LKQ Co. (NASDAQ:LKQ)

Addenda Capital Inc. boosted its position in LKQ Co. (NASDAQ:LKQ) by 1.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 179,805 shares of the auto parts company’s stock after buying an additional 2,795 shares during the quarter. Addenda Capital Inc. owned approximately 0.07% of LKQ worth $6,611,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nordea Investment Management AB raised its stake in LKQ by 11.0% during the 4th quarter. Nordea Investment Management AB now owns 8,406,444 shares of the auto parts company’s stock valued at $309,609,000 after purchasing an additional 833,519 shares during the period. Squarepoint Ops LLC raised its position in LKQ by 3,683.6% in the second quarter. Squarepoint Ops LLC now owns 274,577 shares of the auto parts company’s stock worth $11,420,000 after purchasing an additional 267,320 shares in the last quarter. Rehmann Capital Advisory Group acquired a new position in LKQ in the third quarter worth about $634,000. Quantbot Technologies LP increased its holdings in shares of LKQ by 27,310.6% during the third quarter. Quantbot Technologies LP now owns 64,415 shares of the auto parts company’s stock worth $2,571,000 after buying an additional 64,180 shares in the last quarter. Finally, Regatta Capital Group LLC grew its stake in shares of LKQ by 3.0% during the third quarter. Regatta Capital Group LLC now owns 19,132 shares of the auto parts company’s stock valued at $764,000 after purchasing an additional 556 shares during the last quarter. 95.63% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

LKQ Stock Up 0.2 %

NASDAQ LKQ opened at $38.46 on Tuesday. LKQ Co. has a 52 week low of $35.56 and a 52 week high of $53.68. The firm has a market capitalization of $10.00 billion, a price-to-earnings ratio of 14.35 and a beta of 1.30. The company has a fifty day moving average of $37.78 and a two-hundred day moving average of $39.40. 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 (NASDAQ:LKQ) last posted its earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.01. LKQ had a return on equity of 15.15% and a net margin of 4.90%. The company had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same quarter in the previous year, the firm earned $0.86 earnings per share. The firm’s quarterly revenue was up .4% compared to the same quarter last year. On average, analysts predict that LKQ Co. will post 3.43 earnings per share for the current year.

Insider Activity at LKQ

In related news, Director Dominick P. Zarcone sold 5,000 shares of the 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 transaction, the director now owns 374,462 shares of the company’s stock, valued at approximately $13,795,180.08. This represents a 1.32 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.45% of the stock is owned by corporate insiders.

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.