Oppenheimer Asset Management Inc. Has $11.61 Million Holdings in LKQ Co. (LKQ)

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Oppenheimer Asset Management Inc. lifted its stake in LKQ Co. (NASDAQ:LKQ) by 13.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 489,006 shares of the auto parts company’s stock after acquiring an additional 59,501 shares during the period. Oppenheimer Asset Management Inc. owned approximately 0.15% of LKQ worth $11,605,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Trust Co. of Oklahoma lifted its position in LKQ by 15.1% in the fourth quarter. Trust Co. of Oklahoma now owns 9,294 shares of the auto parts company’s stock worth $221,000 after purchasing an additional 1,217 shares during the period. IFP Advisors Inc lifted its position in LKQ by 13.8% in the fourth quarter. IFP Advisors Inc now owns 14,134 shares of the auto parts company’s stock worth $339,000 after purchasing an additional 1,717 shares during the period. Penserra Capital Management LLC lifted its position in LKQ by 13.6% in the third quarter. Penserra Capital Management LLC now owns 15,798 shares of the auto parts company’s stock worth $499,000 after purchasing an additional 1,892 shares during the period. Utah Retirement Systems lifted its position in LKQ by 3.3% in the third quarter. Utah Retirement Systems now owns 58,924 shares of the auto parts company’s stock worth $1,866,000 after purchasing an additional 1,900 shares during the period. Finally, Sheets Smith Wealth Management lifted its position in LKQ by 1.7% in the third quarter. Sheets Smith Wealth Management now owns 123,000 shares of the auto parts company’s stock worth $3,895,000 after purchasing an additional 2,000 shares during the period. Institutional investors and hedge funds own 90.23% of the company’s stock.

Shares of LKQ stock opened at $26.57 on Thursday. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.65 and a quick ratio of 1.04. The stock has a market capitalization of $8.36 billion, a P/E ratio of 14.13, a PEG ratio of 0.70 and a beta of 1.32. LKQ Co. has a 12 month low of $22.74 and a 12 month high of $42.49.

LKQ announced that its Board of Directors has approved a share buyback program on Thursday, October 25th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the auto parts company to repurchase up to 5.8% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

A number of brokerages have issued reports on LKQ. Zacks Investment Research raised LKQ from a “sell” rating to a “hold” rating in a report on Wednesday. BidaskClub cut LKQ from a “hold” rating to a “sell” rating in a report on Thursday, January 24th. William Blair cut LKQ from an “outperform” rating to a “market perform” rating in a report on Friday, January 18th. Finally, Barrington Research reissued a “buy” rating on shares of LKQ in a report on Friday, December 14th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $41.00.

In related news, EVP John S. Quinn sold 9,806 shares of LKQ stock in a transaction dated Tuesday, January 15th. The stock was sold at an average price of $26.56, for a total value of $260,447.36. Following the completion of the sale, the executive vice president now directly owns 253,578 shares in the company, valued at $6,735,031.68. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.80% of the stock is owned by company insiders.

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LKQ Profile

LKQ Corporation, together with its subsidiaries, distributes replacement parts, components, and systems used in the repair and maintenance of vehicles in North America, Europe, and Taiwan. It operates in three segments: North America, Europe, and Specialty. The company distributes bumper covers, automotive body panels, and lights, as well as automotive glass products, such as windshields; 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.

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Institutional Ownership by Quarter for LKQ (NASDAQ:LKQ)

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