Public Employees Retirement System of Ohio Acquires New Position in LKQ Corporation $LKQ

Key Points

• Institutional interest increased: The Public Employees Retirement System of Ohio bought 78,629 LKQ shares worth approximately $2.07 million, while institutional investors collectively own 95.63% of the stock.
• Quarterly results fell short of expectations: LKQ reported $0.67 in EPS and $3.41 billion in revenue, missing estimates of $0.71 and $3.48 billion, respectively; revenue declined 3% year over year.
• Analyst sentiment remains mixed: LKQ has a consensus “Hold” rating and an average price target of $31.08 versus a share price of $25.54, while the company pays a $1.20 annualized dividend yielding about 4.7%.

Public Employees Retirement System of Ohio bought a new position in shares of LKQ Corporation (NASDAQ:LKQ - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 78,629 shares of the auto parts company's stock, valued at approximately $2,070,000.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. purchased a new position in shares of LKQ during the 2nd quarter valued at $1,015,096,000. Applied Finance Capital Management LLC boosted its holdings in LKQ by 11.0% in the 1st quarter. Applied Finance Capital Management LLC now owns 662,216 shares of the auto parts company's stock worth $19,449,000 after buying an additional 65,534 shares during the period. Rice Hall James & Associates LLC purchased a new stake in LKQ in the 2nd quarter worth $17,859,000. Lakewood Capital Management LP bought a new stake in LKQ during the second quarter valued at about $6,977,000. Finally, Hsbc Holdings PLC purchased a new position in shares of LKQ in the second quarter valued at about $2,047,000. 95.63% of the stock is currently owned by institutional investors.

LKQ Price Performance

NASDAQ:LKQ opened at $25.54 on Monday. The company has a current ratio of 1.58, a quick ratio of 0.61 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $6.46 billion, a P/E ratio of 14.19 and a beta of 0.85. LKQ Corporation has a 12 month low of $21.17 and a 12 month high of $37.13. The business's 50-day moving average is $25.27 and its 200 day moving average is $27.59.

LKQ (NASDAQ:LKQ - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The auto parts company reported $0.67 earnings per share 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 for the quarter, compared to analysts' expectations of $3.48 billion. During the same quarter in the prior year, the business earned $0.87 EPS. The business'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, equities research analysts forecast that LKQ Corporation will post 2.67 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 20th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.7%. The ex-dividend date was Thursday, August 20th. LKQ's payout ratio is currently 66.67%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Stephens dropped their price objective on LKQ from $39.00 to $36.50 and set an "overweight" rating for the company in a research note on Tuesday, July 21st. Barclays lowered their price target on LKQ from $30.00 to $25.00 and set an "equal weight" rating on the stock in a report on Monday, August 3rd. Weiss Ratings downgraded LKQ from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Thursday, August 13th. JPMorgan Chase & Co. cut their price objective on shares of LKQ from $37.00 to $30.00 and set an "overweight" rating for the company in a report on Friday, July 31st. Finally, Roth Capital set a $35.00 price objective on shares of LKQ in a research report on Monday, August 3rd. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, LKQ presently has a consensus rating of "Hold" and an average price target of $31.08.

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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