River Road Asset Management LLC lowered its holdings in LKQ Corporation (NASDAQ:LKQ – Free Report) by 20.2% during the fourth quarter, Holdings Channel reports. The fund owned 1,445,000 shares of the auto parts company’s stock after selling 364,771 shares during the quarter. River Road Asset Management LLC’s holdings in LKQ were worth $43,639,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently made changes to their positions in LKQ. Integrated Wealth Concepts LLC purchased a new stake in LKQ in the first quarter valued at $278,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in LKQ by 2.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,476 shares of the auto parts company’s stock worth $1,339,000 after purchasing an additional 807 shares during the period. Empowered Funds LLC purchased a new position in shares of LKQ during the 1st quarter valued at about $1,162,000. BI Asset Management Fondsmaeglerselskab A S raised its stake in shares of LKQ by 170.0% during the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 7,886 shares of the auto parts company’s stock valued at $292,000 after buying an additional 4,965 shares during the last quarter. Finally, Rothschild Investment LLC lifted its holdings in shares of LKQ by 830.7% in the 3rd quarter. Rothschild Investment LLC now owns 1,424 shares of the auto parts company’s stock valued at $43,000 after buying an additional 1,271 shares during the period. Hedge funds and other institutional investors own 95.63% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on the company. Weiss Ratings upgraded LKQ from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. Barclays decreased their price target on LKQ from $34.00 to $33.00 and set an “equal weight” rating for the company in a report on Tuesday, April 7th. Zacks Research upgraded LKQ from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. JPMorgan Chase & Co. dropped their price objective on shares of LKQ from $40.00 to $37.00 and set an “overweight” rating on the stock in a research note on Monday, February 23rd. Finally, Wall Street Zen lowered shares of LKQ from a “buy” rating to a “hold” rating in a report on Sunday, February 22nd. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.33.
LKQ Price Performance
NASDAQ:LKQ opened at $25.80 on Friday. LKQ Corporation has a 52 week low of $23.98 and a 52 week high of $39.77. The company has a quick ratio of 0.60, a current ratio of 1.54 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $6.57 billion, a PE ratio of 12.77 and a beta of 0.83. The stock’s 50-day moving average price is $27.89 and its 200-day moving average price is $30.15.
LKQ (NASDAQ:LKQ – Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The auto parts company reported $0.67 earnings per share for the quarter, meeting the consensus estimate of $0.67. The firm had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.39 billion. LKQ had a return on equity of 11.65% and a net margin of 3.71%.LKQ’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.79 EPS. LKQ has set its FY 2026 guidance at 2.900-3.200 EPS. As a group, equities analysts expect that LKQ Corporation will post 3 EPS for the current fiscal year.
LKQ Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st were given a $0.30 dividend. The ex-dividend date was Thursday, May 21st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.7%. LKQ’s payout ratio is 59.41%.
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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