Nykredit A S Buys Shares of 3,220,464 LKQ Corporation $LKQ

Nykredit A S bought a new position in shares of LKQ Corporation (NASDAQ:LKQ) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,220,464 shares of the auto parts company’s stock, valued at approximately $84,795,000.

Several other institutional investors also recently modified their holdings of LKQ. Harbor Investment Advisory LLC boosted its holdings in shares of LKQ by 260.0% during the 1st quarter. Harbor Investment Advisory LLC now owns 900 shares of the auto parts company’s stock valued at $26,000 after acquiring an additional 650 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in LKQ in the 2nd quarter worth about $25,000. Cedar Mountain Advisors LLC acquired a new position in LKQ in the 1st quarter worth about $28,000. Global Retirement Partners LLC bought a new position in LKQ in the second quarter valued at about $25,000. Finally, Essential Partners LLC acquired a new stake in shares of LKQ during the first quarter valued at about $30,000. 95.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Barclays lowered their price objective on LKQ from $30.00 to $25.00 and set an “equal weight” rating for the company in a research note on Monday, August 3rd. Roth Capital set a $35.00 target price on shares of LKQ in a research report on Monday, August 3rd. Raymond James Financial set a $30.00 price target on shares of LKQ in a research report on Friday, July 31st. Stephens dropped their price target on shares of LKQ from $39.00 to $36.50 and set an “overweight” rating for the company in a research note on Tuesday, July 21st. Finally, JPMorgan Chase & Co. cut their price target on shares of LKQ from $37.00 to $30.00 and set an “overweight” rating on the stock in a report on Friday, July 31st. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $31.08.

LKQ Trading Up 0.1%

Shares of LKQ stock opened at $24.73 on Thursday. LKQ Corporation has a 1-year low of $21.17 and a 1-year high of $37.13. The company has a current ratio of 1.58, a quick ratio of 0.61 and a debt-to-equity ratio of 0.52. The stock has a market cap of $6.26 billion, a price-to-earnings ratio of 13.74 and a beta of 0.85. The stock has a 50-day moving average of $25.33 and a 200-day moving average of $27.71.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings data on Thursday, July 30th. The auto parts company reported $0.67 EPS 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 analyst estimates of $3.48 billion. LKQ had a return on equity of 10.84% and a net margin of 3.37%.LKQ’s revenue was down 3.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.87 earnings per share. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend is Thursday, August 20th. LKQ’s dividend payout ratio is currently 66.67%.

LKQ 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.