Kennebec Savings Bank Sells 375 Shares of LKQ Co. (NASDAQ:LKQ)

Kennebec Savings Bank decreased its stake in shares of LKQ Co. (NASDAQ:LKQ) by 26.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,042 shares of the auto parts company’s stock after selling 375 shares during the period. Kennebec Savings Bank’s holdings in LKQ were worth $38,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of LKQ. Massachusetts Financial Services Co. MA grew its holdings in shares of LKQ by 0.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 11,977,708 shares of the auto parts company’s stock worth $478,150,000 after acquiring an additional 33,212 shares during the period. State Street Corp boosted its position in shares of LKQ by 1.2% during the third quarter. State Street Corp now owns 11,449,166 shares of the auto parts company’s stock valued at $457,051,000 after purchasing an additional 134,176 shares in the last quarter. Nordea Investment Management AB grew its stake in 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 worth $309,609,000 after purchasing an additional 833,519 shares during the period. Geode Capital Management LLC raised its holdings in LKQ by 0.3% in the third quarter. Geode Capital Management LLC now owns 6,542,740 shares of the auto parts company’s stock worth $260,330,000 after purchasing an additional 21,161 shares in the last quarter. Finally, FMR LLC lifted its position in LKQ by 7.3% during the third quarter. FMR LLC now owns 6,020,689 shares of the auto parts company’s stock valued at $240,346,000 after buying an additional 411,390 shares during the period. Hedge funds and other institutional investors own 95.63% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on LKQ. Barrington Research reiterated an “outperform” rating and issued a $60.00 price target on shares of LKQ in a research note on Friday, October 25th. StockNews.com raised shares of LKQ from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Robert W. Baird lowered their target price on shares of LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, Stifel Nicolaus reduced their price objective on LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Six analysts have rated the stock with a buy rating, According to MarketBeat, LKQ currently has an average rating of “Buy” and a consensus price target of $53.80.

Insider Activity at LKQ

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

LKQ Stock Performance

Shares of LKQ opened at $38.24 on Friday. The company has a market cap of $9.94 billion, a price-to-earnings ratio of 14.27 and a beta of 1.30. The business’s fifty day simple moving average is $37.85 and its two-hundred day simple moving average is $39.24. 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.