Northwestern Mutual Wealth Management Co. Grows Holdings in LKQ Co. (LKQ)

Northwestern Mutual Wealth Management Co. grew its stake in shares of LKQ Co. (NASDAQ:LKQ) by 1,297.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,434 shares of the auto parts company’s stock after buying an additional 6,902 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in LKQ were worth $302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in the company. First Personal Financial Services increased its position in LKQ by 194.0% during the fourth quarter. First Personal Financial Services now owns 3,852 shares of the auto parts company’s stock valued at $157,000 after acquiring an additional 2,542 shares during the last quarter. Zions Bancorporation bought a new position in LKQ during the third quarter valued at $197,000. YHB Investment Advisors Inc. bought a new position in LKQ during the fourth quarter valued at $203,000. Conning Inc. purchased a new stake in shares of LKQ during the fourth quarter valued at $217,000. Finally, Cedar Capital LLC boosted its stake in shares of LKQ by 20.6% during the third quarter. Cedar Capital LLC now owns 7,900 shares of the auto parts company’s stock valued at $284,000 after purchasing an additional 1,348 shares during the period. Hedge funds and other institutional investors own 92.34% of the company’s stock.

Shares of LKQ Co. (LKQ) traded up $0.91 during trading hours on Thursday, reaching $41.44. 2,008,200 shares of the company traded hands, compared to its average volume of 1,480,778. The firm has a market cap of $12,525.56, a P/E ratio of 26.11, a PEG ratio of 1.14 and a beta of 0.94. LKQ Co. has a one year low of $27.85 and a one year high of $43.86. The company has a current ratio of 2.82, a quick ratio of 1.10 and a debt-to-equity ratio of 0.75.

A number of brokerages have recently issued reports on LKQ. Zacks Investment Research raised shares of LKQ from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research note on Tuesday. Northcoast Research raised shares of LKQ from a “neutral” rating to a “buy” rating in a research note on Monday. ValuEngine raised shares of LKQ from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. BidaskClub lowered shares of LKQ from a “buy” rating to a “hold” rating in a research note on Friday, January 19th. Finally, Stephens set a $50.00 price target on shares of LKQ and gave the company a “buy” rating in a research report on Tuesday, January 16th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $43.56.

In other LKQ news, VP Victor M. Casini sold 25,000 shares of the firm’s stock in a transaction 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 transaction, the vice president now owns 222,395 shares in the company, valued at approximately $9,462,907.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Michael S. Clark sold 7,500 shares of the firm’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $40.07, for a total value of $300,525.00. Following the completion of the transaction, the vice president now owns 61,860 shares in the company, valued at approximately $2,478,730.20. The disclosure for this sale can be found here. Insiders have sold a total of 142,801 shares of company stock worth $5,811,690 in the last ninety days. Corporate insiders own 1.10% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This piece was posted by Week Herald and is the sole property of of Week Herald. If you are viewing this piece on another domain, it was stolen and reposted in violation of international trademark & copyright laws. The correct version of this piece can be viewed at https://weekherald.com/2018/02/15/northwestern-mutual-wealth-management-co-acquires-6902-shares-of-lkq-co-lkq.html.

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.

Institutional Ownership by Quarter for LKQ (NASDAQ:LKQ)

Receive News & Ratings for LKQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LKQ and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply