Applied Finance Capital Management LLC Raises Stake in LKQ Corporation $LKQ

Applied Finance Capital Management LLC boosted its holdings in shares of LKQ Corporation (NASDAQ:LKQ) by 11.2% during the 4th quarter, HoldingsChannel reports. The firm owned 596,682 shares of the auto parts company’s stock after purchasing an additional 60,337 shares during the period. Applied Finance Capital Management LLC’s holdings in LKQ were worth $18,020,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Seizert Capital Partners LLC lifted its stake in shares of LKQ by 30.1% in the fourth quarter. Seizert Capital Partners LLC now owns 2,178,703 shares of the auto parts company’s stock valued at $65,797,000 after purchasing an additional 503,998 shares during the period. New South Capital Management Inc. raised its position in LKQ by 0.7% during the third quarter. New South Capital Management Inc. now owns 1,313,761 shares of the auto parts company’s stock worth $40,122,000 after acquiring an additional 8,981 shares during the last quarter. New York State Common Retirement Fund raised its position in shares of LKQ by 1.2% in the third quarter. New York State Common Retirement Fund now owns 909,710 shares of the auto parts company’s stock valued at $27,783,000 after buying an additional 10,616 shares during the last quarter. Thompson Investment Management Inc. raised its position in shares of LKQ by 14.0% in the fourth quarter. Thompson Investment Management Inc. now owns 374,299 shares of the auto parts company’s stock valued at $11,304,000 after buying an additional 46,052 shares during the last quarter. Finally, Goodman Financial Corp raised its position in shares of LKQ by 9.9% in the third quarter. Goodman Financial Corp now owns 355,108 shares of the auto parts company’s stock valued at $10,845,000 after buying an additional 31,857 shares during the last quarter. Hedge funds and other institutional investors own 95.63% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on LKQ. Weiss Ratings raised shares of LKQ from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. Wall Street Zen downgraded shares of LKQ from a “buy” rating to a “hold” rating in a research note on Sunday, February 22nd. JPMorgan Chase & Co. decreased their target price on shares of LKQ from $40.00 to $37.00 and set an “overweight” rating for the company in a research note on Monday, February 23rd. Zacks Research upgraded shares of LKQ from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Finally, Barclays reduced their price target on shares of LKQ from $34.00 to $33.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 7th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $42.33.

LKQ Stock Performance

NASDAQ:LKQ opened at $24.61 on Friday. LKQ Corporation has a twelve month low of $24.55 and a twelve month high of $42.67. The company has a 50-day moving average of $29.53 and a 200-day moving average of $30.87. The firm has a market cap of $6.27 billion, a price-to-earnings ratio of 12.18 and a beta of 0.88. The company has a current ratio of 1.54, a quick ratio of 0.60 and a debt-to-equity ratio of 0.51.

LKQ (NASDAQ:LKQ) last announced its earnings results on Thursday, April 30th. The auto parts company reported $0.67 EPS for the quarter, hitting the consensus estimate of $0.67. LKQ had a net margin of 3.71% and a return on equity of 11.65%. The company had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $3.39 billion. During the same period last year, the company posted $0.79 earnings per share. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. LKQ has set its FY 2026 guidance at 2.900-3.200 EPS. Analysts forecast that LKQ Corporation will post 3 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 21st will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 4.9%. The ex-dividend date is Thursday, May 21st. LKQ’s dividend payout ratio (DPR) is currently 59.41%.

About LKQ

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.