Rice Hall James & Associates LLC Buys New Stake in LKQ Corporation $LKQ

Key Points

• Rice Hall James & Associates bought 678,259 LKQ shares worth approximately $17.9 million, joining other institutional investors that have increased exposure. Institutions and hedge funds now own 95.63% of the company.
• LKQ reported quarterly revenue of $3.41 billion and earnings of $0.67 per share, missing analyst expectations of $3.48 billion and $0.71, respectively. Shares opened at $25.45, near their 52-week low, while analysts’ consensus rating remains “Hold” with a $31.08 target price.
• The company declared a quarterly dividend of $0.30 per share, or $1.20 annualized, representing a 4.7% yield; shareholders of record on August 20 are scheduled to receive payment on September 3.

Rice Hall James & Associates LLC bought a new stake in shares of LKQ Corporation (NASDAQ:LKQ - Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 678,259 shares of the auto parts company's stock, valued at approximately $17,859,000. Rice Hall James & Associates LLC owned about 0.27% of LKQ as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Bank of New York Mellon Corp purchased a new stake in LKQ during the 2nd quarter worth about $76,343,000. Seizert Capital Partners LLC lifted its holdings in LKQ by 30.1% in the 4th quarter. Seizert Capital Partners LLC now owns 2,178,703 shares of the auto parts company's stock valued at $65,797,000 after purchasing an additional 503,998 shares in the last quarter. Entropy Technologies LP purchased a new position in LKQ in the 4th quarter valued at about $3,158,000. Alberta Investment Management Corp acquired a new stake in shares of LKQ during the 2nd quarter worth about $2,502,000. Finally, Kennedy Capital Management LLC grew its holdings in shares of LKQ by 41.2% during the third quarter. Kennedy Capital Management LLC now owns 314,467 shares of the auto parts company's stock worth $9,604,000 after buying an additional 91,776 shares in the last quarter. 95.63% of the stock is owned by institutional investors and hedge funds.

LKQ Price Performance

LKQ stock opened at $25.45 on Tuesday. LKQ Corporation has a 1 year low of $21.17 and a 1 year 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. The firm has a 50 day moving average price of $25.42 and a 200 day moving average price of $28.41. The company has a market cap of $6.44 billion, a price-to-earnings ratio of 14.14 and a beta of 0.84.

LKQ (NASDAQ:LKQ - Get Free Report) last posted its quarterly 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 company had revenue of $3.41 billion for 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 business's revenue for the quarter was down 3.0% on a year-over-year basis. During the same period in the prior year, the business earned $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 year.

LKQ Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Thursday, August 20th. LKQ's dividend payout ratio (DPR) is 66.67%.

Wall Street Analyst Weigh In

LKQ has been the topic of several recent analyst reports. Barclays reduced their price objective 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. Zacks Research downgraded LKQ from a "hold" rating to a "strong sell" rating in a report on Monday, August 3rd. Weiss Ratings lowered LKQ from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Thursday. Roth Capital set a $35.00 price objective on LKQ in a report on Monday, August 3rd. Finally, Robert W. Baird set a $30.00 price objective on LKQ in a research report on Friday, July 31st. Three equities 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 company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $31.08.

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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