1,809,700 Shares in LKQ Corporation $LKQ Acquired by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board acquired a new stake in shares of LKQ Corporation (NASDAQ:LKQ) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 1,809,700 shares of the auto parts company’s stock, valued at approximately $47,649,000.

A number of other institutional investors have also recently added to or reduced their stakes in LKQ. BlackRock Inc. bought a new position in shares of LKQ during the 2nd quarter valued at $1,015,096,000. Pzena Investment Management LLC bought a new stake in LKQ in the second quarter worth $398,696,000. Bank of New York Mellon Corp acquired a new position in LKQ during the second quarter worth $76,343,000. Seizert Capital Partners LLC increased its position in LKQ by 30.1% during the fourth quarter. Seizert Capital Partners LLC now owns 2,178,703 shares of the auto parts company’s stock worth $65,797,000 after buying an additional 503,998 shares during the last quarter. Finally, Rice Hall James & Associates LLC bought a new position in LKQ during the second quarter valued at about $17,859,000. 95.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LKQ has been the subject of a number of analyst reports. Raymond James Financial set a $30.00 price target on LKQ in a research report on Friday, July 31st. Barclays lowered their price objective on LKQ from $30.00 to $25.00 and set an “equal weight” rating on the stock in a report on Monday, August 3rd. Zacks Research downgraded LKQ from a “hold” rating to a “strong sell” rating in a research note on Monday, August 3rd. Roth Capital set a $35.00 target price on LKQ in a report on Monday, August 3rd. Finally, Stephens decreased their target price on LKQ from $39.00 to $36.50 and set an “overweight” rating for the company in a research report on Tuesday, July 21st. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $31.08.

LKQ Trading Down 1.5%

Shares of LKQ stock opened at $25.36 on Friday. LKQ Corporation has a 1 year low of $21.17 and a 1 year high of $37.13. The company’s fifty day simple moving average is $25.39 and its 200-day simple moving average is $27.97. The company has a market cap of $6.42 billion, a price-to-earnings ratio of 14.09 and a beta of 0.84. The company has a current ratio of 1.58, a quick ratio of 0.61 and a debt-to-equity ratio of 0.52.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings results on Thursday, July 30th. The auto parts company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.04). The company had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.48 billion. LKQ had a net margin of 3.37% and a return on equity of 10.84%. LKQ’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same period last year, the company earned $0.87 earnings per share. LKQ has set its FY 2026 guidance at 2.600-2.900 EPS. As a group, sell-side analysts expect that LKQ Corporation will post 2.67 EPS for the current year.

LKQ Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.7%. LKQ’s dividend payout ratio is currently 66.67%.

LKQ Company Profile

LKQ Corporation is a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles. The company supplies a broad range of replacement components, including recycled original equipment manufacturer (OEM) parts, aftermarket parts, refurbished and remanufactured items. Its products support collision repair, mechanical repair and performance enhancement needs across passenger cars, heavy trucks and recreational vehicles.

Through a combination of in-house operations and strategic acquisitions, LKQ has developed a comprehensive product portfolio that extends beyond core replacement parts.