AGF Investments Inc. Purchases 433,669 Shares of LKQ Co. (LKQ)
AGF Investments Inc. boosted its position in LKQ Co. (NASDAQ:LKQ) by 50.5% during the 4th quarter, Holdings Channel reports. The fund owned 1,293,013 shares of the auto parts company’s stock after buying an additional 433,669 shares during the quarter. AGF Investments Inc.’s holdings in LKQ were worth $52,587,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of LKQ. Calton & Associates Inc. bought a new position in LKQ in the fourth quarter valued at about $116,000. First Personal Financial Services boosted its holdings in LKQ by 194.0% in 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 in the third quarter valued at about $197,000. YHB Investment Advisors Inc. bought a new position in LKQ in the fourth quarter valued at about $203,000. Finally, AE Wealth Management LLC bought a new position in LKQ in the fourth quarter valued at about $203,000. Institutional investors and hedge funds own 92.34% of the company’s stock.
In other news, VP Victor M. Casini sold 25,000 shares of LKQ stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $42.55, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William M. Iv Webster sold 100,000 shares of LKQ stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $40.02, for a total value of $4,002,000.00. Following the transaction, the director now owns 119,222 shares in the company, valued at approximately $4,771,264.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 142,801 shares of company stock worth $5,811,690. Company insiders own 1.10% of the company’s stock.
A number of brokerages have issued reports on LKQ. Zacks Investment Research cut LKQ from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Robert W. Baird restated a “buy” rating and set a $47.00 target price on shares of LKQ in a report on Friday, December 22nd. Stifel Nicolaus restated a “buy” rating and set a $44.00 target price on shares of LKQ in a report on Monday, December 11th. Northcoast Research upgraded LKQ from a “neutral” rating to a “buy” rating in a report on Monday. Finally, BidaskClub cut LKQ from a “buy” rating to a “hold” rating in a report on Friday, January 19th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $43.67.
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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.
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