Nykredit A S Invests $60.72 Million in LKQ Corporation $LKQ

Key Points

• Nykredit A/S acquired 2.31 million LKQ shares worth approximately $60.7 million, representing about 0.91% of the company. Institutional investors collectively own 95.63% of LKQ.
• LKQ’s latest quarterly results fell short of expectations, with earnings of $0.67 per share versus the $0.71 consensus and revenue of $3.41 billion versus $3.48 billion expected. Revenue declined 3% year over year, and the stock was trading near $23.30.
• LKQ announced a quarterly dividend of $0.30 per share, equal to a 5.2% annualized yield. Analysts have a consensus “Hold” rating and an average price target of $31.08, despite mixed ratings and recent target reductions.

Nykredit A S bought a new position in LKQ Corporation (NASDAQ:LKQ - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 2,305,962 shares of the auto parts company's stock, valued at approximately $60,716,000. Nykredit A S owned approximately 0.91% of LKQ at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. bought a new stake in LKQ during the 2nd quarter valued at $1,015,096,000. Pzena Investment Management LLC purchased a new stake in shares of LKQ during the 2nd quarter worth $398,696,000. Bank of New York Mellon Corp bought a new stake in LKQ during the second quarter valued at about $76,343,000. Bank of America Corp DE bought a new stake in LKQ during the second quarter valued at about $58,221,000. Finally, Canada Pension Plan Investment Board purchased a new position in LKQ in the second quarter valued at about $47,649,000. 95.63% of the stock is owned by hedge funds and other institutional investors.

LKQ Stock Down 2.2%

LKQ opened at $23.30 on Friday. The company has a fifty day moving average of $24.87 and a two-hundred day moving average of $26.98. The stock has a market capitalization of $5.89 billion, a price-to-earnings ratio of 12.94 and a beta of 0.85. LKQ Corporation has a fifty-two week low of $21.17 and a fifty-two week high of $37.13. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.61 and a current ratio of 1.58.

LKQ (NASDAQ:LKQ - Get Free Report) last released its earnings results on Thursday, July 30th. The auto parts company reported $0.67 earnings per share for the quarter, missing analysts' consensus estimates of $0.71 by ($0.04). The business had revenue of $3.41 billion during the quarter, compared to analysts' expectations of $3.48 billion. LKQ had a return on equity of 10.84% and a net margin of 3.37%.The company's revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period last year, the business earned $0.87 earnings per share. LKQ has set its FY 2026 guidance at 2.600-2.900 EPS. On average, research analysts expect that LKQ Corporation will post 2.67 earnings per share for the current year.

LKQ Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 20th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend was Thursday, August 20th. LKQ's payout ratio is presently 66.67%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. dropped their price target on LKQ from $37.00 to $30.00 and set an "overweight" rating on the stock in a research note on Friday, July 31st. Raymond James Financial set a $30.00 price objective on shares of LKQ in a research report on Friday, July 31st. Roth Capital set a $35.00 target price on shares of LKQ in a research report on Monday, August 3rd. Barclays cut 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 note on Monday, August 3rd. Finally, Zacks Research lowered shares of 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 given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, LKQ presently has a consensus rating of "Hold" and a consensus price target of $31.08.

About LKQ

LKQ Corporation is a global distributor of replacement parts, components and accessories for automobiles, trucks and other vehicles. The company supplies collision and mechanical repair parts, recycled original equipment parts, remanufactured components, aftermarket products and specialty vehicle equipment to professional repair businesses, insurers, dealerships and other customers.

LKQ operates through a network of distribution centers, parts facilities, salvage yards and self-service locations.

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