LKQ Corporation $LKQ Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

Key Points

• UBS Asset Management increased its LKQ stake by 7% in the second quarter, bringing its holdings to 781,347 shares valued at approximately $20.6 million. Institutional investors collectively own 95.63% of the company.
• Analyst sentiment remains mixed, with three Buy ratings, one Hold, and two Sell ratings; LKQ has an average rating of Hold and an average price target of $31.08.
• LKQ reported quarterly EPS of $0.67, below the $0.71 consensus estimate, while revenue fell 3% year over year to $3.41 billion. The company declared a quarterly dividend of $0.30 per share, representing a 4.7% annualized yield.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of LKQ Corporation (NASDAQ:LKQ - Free Report) by 7.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 781,347 shares of the auto parts company's stock after purchasing an additional 51,095 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.31% of LKQ worth $20,573,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. 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. Stephens cut their price target on LKQ from $39.00 to $36.50 and set an "overweight" rating on the stock in a report on Tuesday, July 21st. Zacks Research lowered LKQ from a "hold" rating to a "strong sell" rating in a research report on Monday, August 3rd. Raymond James Financial set a $30.00 price objective on LKQ in a research note on Friday, July 31st. Finally, Roth Capital set a $35.00 target price on LKQ in a research report on Monday, August 3rd. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, LKQ has an average rating of "Hold" and an average price target of $31.08.

LKQ Price Performance

Shares of NASDAQ:LKQ opened at $25.54 on Friday. The firm's 50 day moving average is $25.27 and its two-hundred day moving average is $27.63. The firm has a market capitalization of $6.46 billion, a P/E ratio of 14.19 and a beta of 0.85. The company has a current ratio of 1.58, a quick ratio of 0.61 and a debt-to-equity ratio of 0.52. LKQ Corporation has a 52 week low of $21.17 and a 52 week high of $37.13.

LKQ (NASDAQ:LKQ - Get Free Report) last issued 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). LKQ had a return on equity of 10.84% and a net margin of 3.37%.The business had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.48 billion. During the same quarter in the prior year, the firm posted $0.87 earnings per share. The business's quarterly revenue was down 3.0% on a year-over-year basis. LKQ has set its FY 2026 guidance at 2.600-2.900 EPS. Analysts anticipate that LKQ Corporation will post 2.67 earnings per share for the current year.

LKQ Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date was Thursday, August 20th. LKQ's payout ratio is 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.

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