Freestone Grove Partners LP Invests $12.49 Million in LKQ Corporation $LKQ

Key Points

• Freestone Grove Partners acquired 474,471 LKQ shares worth approximately $12.49 million, representing about 0.19% of the company. Institutional investors collectively own 95.63% of LKQ.
• Analyst sentiment is mixed, with three Buy, one Hold and two Sell ratings; the consensus rating is Hold with an average price target of $31.08. LKQ shares recently traded near $25.36 after reporting quarterly EPS and revenue below expectations.
• LKQ declared a quarterly dividend of $0.30 per share, equal to an annualized $1.20 payout and a 4.7% yield.

Freestone Grove Partners LP purchased a new stake in LKQ Corporation (NASDAQ:LKQ - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 474,471 shares of the auto parts company's stock, valued at approximately $12,493,000. Freestone Grove Partners LP owned approximately 0.19% of LKQ at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of LKQ. Captrust Financial Advisors lifted its holdings in shares of LKQ by 0.4% during the third quarter. Captrust Financial Advisors now owns 84,939 shares of the auto parts company's stock valued at $2,594,000 after acquiring an additional 377 shares during the period. Harbor Investment Advisory LLC grew its holdings in shares of LKQ by 260.0% in 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 during the last quarter. Root Financial Partners LLC grew its holdings in shares of LKQ by 142.4% in the 1st quarter. Root Financial Partners LLC now owns 1,217 shares of the auto parts company's stock worth $36,000 after purchasing an additional 715 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of LKQ by 2.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,476 shares of the auto parts company's stock worth $1,339,000 after purchasing an additional 807 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. bought a new position in LKQ during the 2nd quarter valued at about $25,000. 95.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on LKQ. Barclays reduced their price target on shares of LKQ from $30.00 to $25.00 and set an "equal weight" rating on the stock in a research report on Monday, August 3rd. Weiss Ratings cut shares of LKQ from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Thursday, August 13th. Zacks Research downgraded LKQ from a "hold" rating to a "strong sell" rating in a report on Monday, August 3rd. Raymond James Financial set a $30.00 price target on LKQ in a research report on Friday, July 31st. Finally, Stephens dropped their price target on LKQ from $39.00 to $36.50 and set an "overweight" rating for the company in a report on Tuesday, July 21st. Three research 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. According to data from MarketBeat, LKQ currently has a consensus rating of "Hold" and an average target price of $31.08.

LKQ Stock Performance

Shares of LKQ stock opened at $25.36 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.58 and a quick ratio of 0.61. The firm has a 50 day simple moving average of $25.39 and a 200 day simple moving average of $27.97. LKQ Corporation has a fifty-two week low of $21.17 and a fifty-two week high of $37.13. The firm has a market cap of $6.42 billion, a P/E ratio of 14.09 and a beta of 0.84.

LKQ (NASDAQ:LKQ - Get Free Report) last posted 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 firm had revenue of $3.41 billion for 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%.The firm's quarterly revenue was down 3.0% compared to the same quarter last year. 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 predict that LKQ Corporation will post 2.67 earnings per share for the current fiscal year.

LKQ Announces Dividend

The company also recently declared 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 dividend payout ratio (DPR) is currently 66.67%.

LKQ Company 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.

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