LKQ Corporation $LKQ Stake Trimmed by Cooke & Bieler LP

Key Points

• Cooke & Bieler LP cut its LKQ stake by 28.2% in the third quarter, selling 1.03 million shares and retaining 2.62 million shares worth approximately $59.8 million. Institutional investors collectively own 95.63% of LKQ.
• LKQ shares opened at $21.38, near their 12-month low of $21.17 and well below the 12-month high of $37.13. The company recently reported quarterly revenue of $3.41 billion and EPS of $0.67, both below analyst expectations.
• LKQ maintains a quarterly dividend of $0.30, equivalent to a 5.6% annualized yield. Analysts’ consensus rating is Hold, with an average price target of $30.58, though ratings range from Buy to Sell.

Cooke & Bieler LP lowered its holdings in LKQ Corporation (NASDAQ:LKQ - Free Report) by 28.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,617,610 shares of the auto parts company's stock after selling 1,026,526 shares during the period. Cooke & Bieler LP owned approximately 1.03% of LKQ worth $59,760,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in LKQ. Crossmark Global Holdings Inc. raised its position in shares of LKQ by 6.5% in the third quarter. Crossmark Global Holdings Inc. now owns 21,503 shares of the auto parts company's stock valued at $491,000 after buying an additional 1,312 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of LKQ by 57.5% in the third quarter. Nisa Investment Advisors LLC now owns 68,062 shares of the auto parts company's stock valued at $1,554,000 after buying an additional 24,839 shares during the period. Diversify Advisory Services LLC boosted its stake in shares of LKQ by 8.6% in the third quarter. Diversify Advisory Services LLC now owns 25,667 shares of the auto parts company's stock valued at $574,000 after buying an additional 2,036 shares during the period. Net Worth Advisory Group grew its position in LKQ by 15.6% during the third quarter. Net Worth Advisory Group now owns 23,588 shares of the auto parts company's stock worth $537,000 after buying an additional 3,191 shares in the last quarter. Finally, Investment Research Partners LLC grew its position in LKQ by 59.2% during the third quarter. Investment Research Partners LLC now owns 15,697 shares of the auto parts company's stock worth $358,000 after buying an additional 5,835 shares in the last quarter. Institutional investors and hedge funds own 95.63% of the company's stock.

LKQ Price Performance

LKQ stock opened at $21.38 on Thursday. The company has a quick ratio of 0.61, a current ratio of 1.58 and a debt-to-equity ratio of 0.52. LKQ Corporation has a 12 month low of $21.17 and a 12 month high of $37.13. The firm has a market cap of $5.41 billion, a P/E ratio of 11.88 and a beta of 0.87. The company's 50-day moving average price is $23.77 and its two-hundred day moving average price is $25.76.

LKQ (NASDAQ:LKQ - Get Free Report) last issued its earnings results on Thursday, July 30th. The auto parts company reported $0.67 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 in the previous year, the firm posted $0.87 earnings per share. LKQ's quarterly revenue was down 3.0% compared to the same quarter last year. LKQ has set its FY 2026 guidance at 2.600-2.900 EPS. On average, analysts anticipate that LKQ Corporation will post 2.65 earnings per share for the current fiscal year.

LKQ Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 20th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend was Thursday, August 20th. LKQ's dividend payout ratio (DPR) is 66.67%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on LKQ shares. Weiss Ratings lowered LKQ from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Thursday, August 13th. Roth Capital set a $35.00 price objective on LKQ in a report on Monday, August 3rd. Raymond James Financial set a $30.00 target price on LKQ in a research report on Friday, July 31st. Zacks Research lowered LKQ from a "hold" rating to a "strong sell" rating in a report on Monday, August 3rd. Finally, JPMorgan Chase & Co. reduced their target price on LKQ from $30.00 to $27.00 and set an "overweight" rating on the stock in a report on Thursday, October 8th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus 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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