213,868 LKQ Corporation $LKQ Shares Acquired by Foundation Resource Management Inc.

Key Points

• Foundation Resource Management increased its LKQ stake by 35.4%, acquiring 213,868 additional shares and bringing its total holdings to 817,292 shares valued at approximately $18.7 million. Institutional investors collectively own 95.63% of LKQ.
• LKQ shares traded at $21.52, near their 12-month low of $21.17, after the company reported quarterly EPS of $0.67 and revenue of $3.41 billion—both below analyst expectations. Revenue declined 3% year over year.
• LKQ maintains a quarterly dividend of $0.30 per share, equivalent to a 5.6% annualized yield. Analysts have a consensus “Hold” rating with an average price target of $30.58, though some recently lowered their targets and Zacks downgraded the stock to “Strong Sell.”

Foundation Resource Management Inc. increased its holdings in shares of LKQ Corporation (NASDAQ:LKQ - Free Report) by 35.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 817,292 shares of the auto parts company's stock after buying an additional 213,868 shares during the period. LKQ comprises approximately 1.5% of Foundation Resource Management Inc.'s investment portfolio, making the stock its 19th largest holding. Foundation Resource Management Inc. owned approximately 0.32% of LKQ worth $18,659,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in LKQ. Azarias Capital Management L.P. acquired a new stake in LKQ in the 3rd quarter worth about $2,842,000. Thor Investment Management Inc. OH ADV increased its stake in LKQ by 2.2% during the 3rd quarter. Thor Investment Management Inc. OH ADV now owns 46,499 shares of the auto parts company's stock worth $1,062,000 after buying an additional 981 shares in the last quarter. Perpetual Ltd raised its holdings in shares of LKQ by 1.5% during the third quarter. Perpetual Ltd now owns 307,417 shares of the auto parts company's stock valued at $7,018,000 after acquiring an additional 4,427 shares during the last quarter. Sound Income Strategies LLC raised its holdings in shares of LKQ by 2.0% during the third quarter. Sound Income Strategies LLC now owns 154,168 shares of the auto parts company's stock valued at $3,393,000 after acquiring an additional 3,043 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of LKQ by 21.0% during the third quarter. GAMMA Investing LLC now owns 12,498 shares of the auto parts company's stock valued at $285,000 after acquiring an additional 2,165 shares during the last quarter. Hedge funds and other institutional investors own 95.63% of the company's stock.

LKQ Price Performance

LKQ traded down $0.71 on Monday, reaching $21.52. 3,980,267 shares of the company's stock were exchanged, compared to its average volume of 2,988,370. The stock has a market cap of $5.44 billion, a PE ratio of 11.96 and a beta of 0.87. LKQ Corporation has a twelve month low of $21.17 and a twelve month high of $37.13. The stock's fifty day moving average price is $23.96 and its 200-day moving average price is $25.92. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.58 and a quick ratio of 0.61.

LKQ (NASDAQ:LKQ - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The auto parts company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.04). The business had revenue of $3.41 billion for the quarter, compared to analysts' expectations of $3.48 billion. LKQ had a net margin of 3.37% and a return on equity of 10.84%. The firm's revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.87 EPS. LKQ has set its FY 2026 guidance at 2.600-2.900 EPS. Sell-side analysts expect that LKQ Corporation will post 2.65 EPS for the current year.

LKQ Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 5.6%. The ex-dividend date was Thursday, August 20th. LKQ's payout ratio is currently 66.67%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. decreased their target price on LKQ from $30.00 to $27.00 and set an "overweight" rating on the stock in a research report on Thursday, October 8th. Barclays dropped their price target on LKQ from $30.00 to $25.00 and set an "equal weight" rating for the company in a research report on Monday, August 3rd. Raymond James Financial set a $30.00 price target on LKQ in a research report on Friday, July 31st. Stephens reduced their price objective on LKQ from $39.00 to $36.50 and set an "overweight" rating for the company in a research note on Tuesday, July 21st. Finally, Zacks Research lowered LKQ from a "hold" rating to a "strong sell" rating in a report on Monday, August 3rd. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $30.58.

LKQ Profile

LKQ Corporation is a global distributor of automotive parts and accessories. The company supplies replacement parts, components and equipment to professional repair shops, collision-repair businesses, insurers, dealerships and other commercial customers. Its product offerings include recycled original-equipment parts, aftermarket parts, specialty vehicle products, tools and equipment.

LKQ's operations include the procurement, dismantling and distribution of salvaged vehicles, allowing it to provide recycled engines, transmissions, body panels and other components.

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