The Manufacturers Life Insurance Company bought a new stake in LKQ Corporation (NASDAQ:LKQ - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 74,226 shares of the auto parts company's stock, valued at approximately $1,954,000.
Other large investors also recently modified their holdings of the company. Global Retirement Partners LLC acquired a new stake in shares of LKQ during the second quarter worth about $25,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of LKQ in the 2nd quarter valued at approximately $25,000. Harbor Investment Advisory LLC increased its stake in LKQ by 260.0% during the 1st quarter. Harbor Investment Advisory LLC now owns 900 shares of the auto parts company's stock worth $26,000 after purchasing an additional 650 shares in the last quarter. Cedar Mountain Advisors LLC bought a new stake in LKQ during the 1st quarter worth approximately $28,000. Finally, Essential Partners LLC acquired a new stake in LKQ during the 1st quarter worth approximately $30,000. 95.63% of the stock is currently owned by institutional investors.
LKQ Stock Performance
Shares of LKQ opened at $25.25 on Friday. The company has a market cap of $6.39 billion, a PE ratio of 14.03 and a beta of 0.85. The firm has a 50-day moving average of $25.30 and a 200-day moving average of $27.65. LKQ Corporation has a one year low of $21.17 and a one year high of $37.13. 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 issued its earnings results 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). LKQ had a net margin of 3.37% and a return on equity of 10.84%. The firm had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.48 billion. During the same quarter last year, the business posted $0.87 earnings per share. The company's revenue for the quarter was down 3.0% on a year-over-year basis. LKQ has set its FY 2026 guidance at 2.600-2.900 EPS. As a group, equities analysts forecast that LKQ Corporation will post 2.67 earnings per share for the current year.
LKQ Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend was Thursday, August 20th. LKQ's dividend payout ratio (DPR) is presently 66.67%.
Analysts Set New Price Targets
Several research analysts have recently weighed in on the stock. Roth Capital set a $35.00 price target on shares of LKQ in a report on Monday, August 3rd. Weiss Ratings lowered shares of LKQ from a "hold (c-)" rating to a "sell (d+)" rating in a report on Thursday, August 13th. Stephens cut their price objective on shares of LKQ from $39.00 to $36.50 and set an "overweight" rating on the stock in a research report on Tuesday, July 21st. Zacks Research lowered shares of LKQ from a "hold" rating to a "strong sell" rating in a research note on Monday, August 3rd. Finally, 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. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $31.08.
Get Our Latest Research Report on LKQ
About LKQ
(
Free Report)
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.
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