Toronto Dominion Bank Has $6.67 Million Position in LKQ Co. (LKQ)

Toronto Dominion Bank boosted its position in shares of LKQ Co. (NASDAQ:LKQ) by 10.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 164,006 shares of the auto parts company’s stock after purchasing an additional 15,477 shares during the period. Toronto Dominion Bank’s holdings in LKQ were worth $6,670,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Janus Henderson Group PLC raised its stake in shares of LKQ by 106.7% in the third quarter. Janus Henderson Group PLC now owns 2,508,044 shares of the auto parts company’s stock worth $90,264,000 after acquiring an additional 1,294,439 shares during the last quarter. CI Global Investments Inc. raised its stake in shares of LKQ by 49.7% in the fourth quarter. CI Global Investments Inc. now owns 3,793,044 shares of the auto parts company’s stock worth $154,263,000 after acquiring an additional 1,259,782 shares during the last quarter. Frontier Capital Management Co. LLC raised its stake in shares of LKQ by 32.3% in the fourth quarter. Frontier Capital Management Co. LLC now owns 3,113,705 shares of the auto parts company’s stock worth $126,634,000 after acquiring an additional 760,466 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of LKQ by 141.6% in the fourth quarter. Victory Capital Management Inc. now owns 1,227,544 shares of the auto parts company’s stock worth $49,925,000 after acquiring an additional 719,462 shares during the last quarter. Finally, AGF Investments Inc. raised its stake in shares of LKQ by 50.5% in the fourth quarter. AGF Investments Inc. now owns 1,293,013 shares of the auto parts company’s stock worth $52,587,000 after acquiring an additional 433,669 shares during the last quarter. 91.76% of the stock is owned by hedge funds and other institutional investors.

LKQ has been the subject of a number of research analyst reports. Robert W. Baird reaffirmed a “buy” rating and issued a $42.00 target price on shares of LKQ in a research note on Friday, October 27th. Wolfe Research initiated coverage on shares of LKQ in a research note on Tuesday, November 7th. They issued an “outperform” rating for the company. Zacks Investment Research downgraded shares of LKQ from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. BidaskClub cut shares of LKQ from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $44.00 price target on shares of LKQ in a research report on Monday, December 11th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $43.56.

Shares of LKQ Co. (LKQ) opened at $41.77 on Monday. LKQ Co. has a 1 year low of $27.85 and a 1 year high of $43.86. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.10 and a current ratio of 2.82. The company has a market cap of $12,908.78, a P/E ratio of 22.95, a PEG ratio of 1.18 and a beta of 0.94.

In related news, EVP John S. Quinn sold 10,301 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $43.24, for a total transaction of $445,415.24. Following the completion of the transaction, the executive vice president now owns 296,765 shares in the company, valued at $12,832,118.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director William M. Iv Webster sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $40.02, for a total transaction of $4,002,000.00. Following the transaction, the director now owns 119,222 shares of the company’s stock, valued at approximately $4,771,264.44. The disclosure for this sale can be found here. In the last quarter, insiders have sold 142,801 shares of company stock valued at $5,811,690. 1.10% of the stock is owned by corporate insiders.

ILLEGAL ACTIVITY WARNING: “Toronto Dominion Bank Has $6.67 Million Position in LKQ Co. (LKQ)” was first posted by Week Herald and is the property of of Week Herald. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of United States and international trademark and copyright law. The correct version of this piece of content can be read at https://weekherald.com/2018/02/19/toronto-dominion-bank-has-6-67-million-position-in-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.

Want to see what other hedge funds are holding LKQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LKQ Co. (NASDAQ:LKQ).

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