SG Americas Securities LLC Boosts Stock Holdings in LKQ Corporation $LKQ

SG Americas Securities LLC grew its stake in shares of LKQ Corporation (NASDAQ:LKQ) by 106.8% during the second quarter, Holdings Channel reports. The institutional investor owned 26,567 shares of the auto parts company’s stock after purchasing an additional 13,723 shares during the quarter. SG Americas Securities LLC’s holdings in LKQ were worth $983,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd purchased a new stake in LKQ during the 1st quarter valued at about $30,000. Banque Cantonale Vaudoise purchased a new position in LKQ in the 1st quarter worth approximately $40,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in LKQ by 226.4% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,100 shares of the auto parts company’s stock valued at $41,000 after purchasing an additional 763 shares during the last quarter. Brooklyn Investment Group boosted its stake in shares of LKQ by 91.8% during the first quarter. Brooklyn Investment Group now owns 1,197 shares of the auto parts company’s stock valued at $51,000 after purchasing an additional 573 shares during the period. Finally, Banque Transatlantique SA bought a new position in shares of LKQ in the first quarter worth approximately $109,000. Institutional investors own 95.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on LKQ shares. Roth Capital reiterated a “buy” rating and set a $43.00 price target (down from $46.00) on shares of LKQ in a report on Monday, November 3rd. Weiss Ratings restated a “sell (d+)” rating on shares of LKQ in a research report on Monday, November 17th. Zacks Research raised shares of LKQ from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. Finally, Barclays started coverage on LKQ in a research note on Tuesday, November 11th. They issued an “equal weight” rating and a $33.00 target price on the stock. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, LKQ currently has an average rating of “Hold” and an average target price of $45.40.

LKQ Stock Performance

Shares of LKQ opened at $29.56 on Friday. The company has a 50-day simple moving average of $30.44 and a two-hundred day simple moving average of $34.04. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.81 and a quick ratio of 0.69. The firm has a market capitalization of $7.57 billion, a PE ratio of 10.83 and a beta of 0.91. LKQ Corporation has a one year low of $28.42 and a one year high of $44.82.

LKQ (NASDAQ:LKQ) last posted its earnings results on Thursday, October 30th. The auto parts company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.10. LKQ had a return on equity of 13.85% and a net margin of 5.04%.The firm had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.54 billion. During the same quarter in the prior year, the business earned $0.88 EPS. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. LKQ has set its FY 2025 guidance at 3.000-3.150 EPS. On average, analysts anticipate that LKQ Corporation will post 3.57 EPS for the current fiscal year.

LKQ Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 20th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $1.20 annualized dividend and a yield of 4.1%. LKQ’s dividend payout ratio (DPR) is currently 44.44%.

About LKQ

LKQ Corporation engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories. It operates through four segments: Wholesale-North America, Europe, Specialty, and Self Service. The company distributes bumper covers, automotive body panels, and lights, as well as mechanical automotive parts and accessories; salvage products, including mechanical and collision parts comprising engines; transmissions; door assemblies; sheet metal products, such as trunk lids, fenders, and hoods; lights and bumper assemblies; scrap metal and other materials to metals recyclers; and brake pads, discs and sensors, clutches, steering and suspension products, filters, and oil and automotive fluids, as well as electrical products, including spark plugs and batteries.