Hsbc Holdings PLC Purchases Shares of 78,134 LKQ Corporation $LKQ

Hsbc Holdings PLC bought a new position in shares of LKQ Corporation (NASDAQ:LKQ) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 78,134 shares of the auto parts company’s stock, valued at approximately $2,047,000.

Other large investors have also recently added to or reduced their stakes in the company. Palisade Capital Management LP acquired a new stake in shares of LKQ in the second quarter valued at approximately $7,048,000. Canada Pension Plan Investment Board acquired a new stake in LKQ in the second quarter valued at about $47,649,000. Lakewood Capital Management LP bought a new position in LKQ in the second quarter valued at about $6,977,000. Legal & General Group Plc bought a new stake in shares of LKQ during the 2nd quarter valued at approximately $16,157,000. Finally, The Manufacturers Life Insurance Company bought a new position in LKQ in the 2nd quarter valued at approximately $1,954,000. Institutional investors own 95.63% of the company’s stock.

Analyst Upgrades and Downgrades

LKQ has been the topic of a number of research analyst reports. Zacks Research lowered shares of LKQ from a “hold” rating to a “strong sell” rating in a research report on Monday, August 3rd. Stephens cut their price objective on LKQ from $39.00 to $36.50 and set an “overweight” rating on the stock in a report on Tuesday, July 21st. JPMorgan Chase & Co. lowered their target price on LKQ from $37.00 to $30.00 and set an “overweight” rating for the company in a report on Friday, July 31st. Weiss Ratings downgraded LKQ from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, August 13th. Finally, Roth Capital set a $35.00 price target on LKQ in a report on Monday, August 3rd. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, LKQ currently has an average rating of “Hold” and a consensus price target of $31.08.

LKQ Stock Performance

Shares of LKQ stock opened at $25.53 on Monday. The stock has a market cap of $6.46 billion, a price-to-earnings ratio of 14.18 and a beta of 0.84. The stock has a 50-day moving average of $25.39 and a 200-day moving average of $27.91. 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 Corporation has a 1-year low of $21.17 and a 1-year high of $37.13.

LKQ (NASDAQ:LKQ) last released its 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). LKQ had a net margin of 3.37% and a return on equity of 10.84%. The firm had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.48 billion. During the same period in the prior year, the company posted $0.87 EPS. The business’s revenue for the quarter was down 3.0% compared to the same quarter last year. LKQ has set its FY 2026 guidance at 2.600-2.900 EPS. On average, equities research analysts forecast that LKQ Corporation will post 2.67 earnings per share for the current year.

LKQ Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be issued a $0.30 dividend. The ex-dividend date is Thursday, August 20th. This represents a $1.20 annualized dividend and a yield of 4.7%. LKQ’s payout ratio is presently 66.67%.

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.