Baird Financial Group Inc. lifted its stake in LKQ Co. (NASDAQ:LKQ) by 44.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,451,860 shares of the auto parts company’s stock after purchasing an additional 449,103 shares during the quarter. Baird Financial Group Inc.’s holdings in LKQ were worth $59,047,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Calton & Associates Inc. bought a new stake in LKQ during the 4th quarter valued at approximately $116,000. First Personal Financial Services raised its stake in LKQ by 194.0% during the 4th quarter. First Personal Financial Services now owns 3,852 shares of the auto parts company’s stock valued at $157,000 after purchasing an additional 2,542 shares during the period. Tower Research Capital LLC TRC raised its stake in LKQ by 1,773.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,572 shares of the auto parts company’s stock valued at $186,000 after purchasing an additional 4,328 shares during the period. Zions Bancorporation bought a new stake in LKQ during the 3rd quarter valued at approximately $197,000. Finally, YHB Investment Advisors Inc. bought a new stake in LKQ during the 4th quarter valued at approximately $203,000. 92.34% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages recently issued reports on LKQ. B. Riley reissued a “buy” rating on shares of LKQ in a research note on Wednesday, November 1st. Zacks Investment Research raised LKQ from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research note on Tuesday, February 13th. Northcoast Research raised LKQ from a “neutral” rating to a “buy” rating in a research note on Monday, February 12th. Stephens set a $50.00 target price on LKQ and gave the company a “buy” rating in a research note on Tuesday, January 16th. Finally, ValuEngine raised LKQ from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $43.56.
In other LKQ news, Director William M. Iv Webster sold 100,000 shares of LKQ stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $40.02, for a total value of $4,002,000.00. Following the sale, the director now owns 119,222 shares of the company’s stock, valued at approximately $4,771,264.44. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Victor M. Casini sold 25,000 shares of LKQ stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $42.55, for a total value of $1,063,750.00. Following the completion of the sale, the vice president now directly owns 222,395 shares in the company, valued at approximately $9,462,907.25. The disclosure for this sale can be found here. In the last ninety days, insiders sold 142,801 shares of company stock worth $5,811,690. Corporate insiders own 1.10% of the company’s stock.
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LKQ Company Profile
LKQ Corporation (LKQ) is a distributor of vehicle products, including replacement parts, components and systems used in the repair and maintenance of vehicles, as well as specialty vehicle products and accessories, and automotive glass products. The Company’s segments include Wholesale-North America; Europe; Specialty, and Self Service.
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