LKQ Corporation (LKQ) Needs to Cool Off Before It’s Buy-Worthy

LKQ Corporation (NASDAQ:LKQ) is on recovery track with 2.42% gain from a 1-year low price of $23.14. The company lost -0.13% to attain the price of $23.7 on 01/02/2019. Throughout the recent session, the prices were hovering between $23.11 and $24.0079. These shares are 67.81% off its target price of $39.77 and the current market capitalization stands at $7.54B. The recent change has given its price a -10.65% deficit over SMA 50 and -45.96% deficit over its 52-week high. The stock witnessed -14.69% declines, -25.05% declines and -25.35% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found LKQ’s volatility during a week at 4.06% and during a month it has been found around 3.78%.

LKQ Corporation (LKQ) Top Holders

Institutional investors currently hold around $6.86 billion or 93.8% in LKQ stock. Look at its top three institutional owners. Vanguard Group Inc owns $732.21 million in LKQ Corporation, which represents roughly 9.71% of the company’s market cap and approximately 10.67% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 19,909,212 shares of the stock are valued at $472.45 million. The third largest holder is Artisan Partners Limited Partnership, which currently holds $324.76 million worth of this stock and that ownership represents nearly 4.31% of its market capitalization.

LKQ Corporation 13F Filings

At the end of September reporting period, 272 institutional holders increased their position in LKQ Corporation (NASDAQ:LKQ) by some 37,329,361 shares, 246 decreased positions by 34,635,423 and 81 held positions by 217,099,886. That puts total institutional holdings at 289,064,670 shares, according to SEC filings. The stock grabbed 52 new institutional investments totaling 13,644,217 shares while 55 institutional investors sold out their entire positions totaling 7,069,766 shares.

LKQ Corporation (NASDAQ:LKQ) Insider Trades

Multiple company employees have indulged in significant insider trading. LKQ Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that President and CEO Zarcone Dominick P has acquired 2,000 shares of LKQ Corporation (LKQ) in trading session dated Oct. 26, 2018. These shares are worth $53,100 and were traded at $26.55 each. The SEC filing shows that Laroyia Varun performed a purchase of 1,000 shares. The Executive VP and CFO added these shares by way of transaction on Oct. 26, 2018. The company’s shares were assimilated at $26.5 per share worth to an investment of some $26,500 on account of Laroyia Varun.

EVP and Managing Dir., Europe, Quinn John S, sold 8,019 common shares of LKQ Corporation (LKQ) in the open market. In a transaction dated Jul. 17, 2018, the shares were put up for sale at an average price of $33.51, raking in a sum of $268,717. After this sale, 256,995 common shares of LKQ are directly owned by the insider, with total stake valued at $6,090,782.

In the transaction dated Jun. 21, 2018, the great number of shares acquired came courtesy the Director; Subramanian Guhan added a total of 1,500 shares at an average price of $32.31, amounting to approximately $48,465. The insider now directly owns 29,081 shares worth $689,220.

LKQ Corporation (LKQ) Analyst Guide

Several analysts have released their opinion on LKQ Corporation (NASDAQ:LKQ), with 8 analysts believing it is a strong buy. Whereas 1 of them predict the stock is a hold. Also, there are 7 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.56 average brokerage recommendation.