Olstein Capital Management L.P. Has $10.66 Million Stock Position in LKQ Co. (NASDAQ:LKQ)

Olstein Capital Management L.P. grew its holdings in LKQ Co. (NASDAQ:LKQ) by 16.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 290,000 shares of the auto parts company’s stock after buying an additional 40,000 shares during the quarter. LKQ makes up approximately 1.9% of Olstein Capital Management L.P.’s investment portfolio, making the stock its 4th largest holding. Olstein Capital Management L.P.’s holdings in LKQ were worth $10,658,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of LKQ. Catalyst Capital Advisors LLC purchased a new position in LKQ during the 3rd quarter valued at about $25,000. Allworth Financial LP grew its stake in LKQ by 94.2% during the third quarter. Allworth Financial LP now owns 1,010 shares of the auto parts company’s stock valued at $40,000 after acquiring an additional 490 shares in the last quarter. Bruce G. Allen Investments LLC grew its stake in LKQ by 33.5% during the third quarter. Bruce G. Allen Investments LLC now owns 1,151 shares of the auto parts company’s stock valued at $46,000 after acquiring an additional 289 shares in the last quarter. Private Trust Co. NA lifted its stake in LKQ by 31.2% in the 3rd quarter. Private Trust Co. NA now owns 1,256 shares of the auto parts company’s stock worth $50,000 after purchasing an additional 299 shares in the last quarter. Finally, Kennebec Savings Bank purchased a new stake in LKQ in the 3rd quarter worth approximately $57,000. 95.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other news, Director Dominick P. Zarcone sold 5,000 shares of LKQ 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 transaction, the director now owns 374,462 shares in the company, valued at approximately $13,795,180.08. The trade was a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.55% of the company’s stock.

LKQ Trading Down 0.8 %

Shares of LKQ stock opened at $38.34 on Friday. The business has a 50-day moving average price of $37.80 and a two-hundred day moving average price of $39.34. LKQ Co. has a 12-month low of $35.56 and a 12-month high of $53.68. The company has a quick ratio of 0.67, a current ratio of 1.72 and a debt-to-equity ratio of 0.69. The firm has a market cap of $9.97 billion, a P/E ratio of 14.31 and a beta of 1.30.

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, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter in the previous year, the company posted $0.86 EPS. LKQ’s quarterly revenue was up .4% compared to the same quarter last year. Equities analysts anticipate that LKQ Co. will post 3.43 EPS for the current fiscal year.

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.