Lyrical Asset Management LP cut its stake in shares of LKQ Corporation (NASDAQ:LKQ – Free Report) by 6.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,207,507 shares of the auto parts company’s stock after selling 237,711 shares during the period. Lyrical Asset Management LP’s holdings in LKQ were worth $96,867,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently modified their holdings of the company. Seizert Capital Partners LLC raised its position in LKQ by 30.1% in the fourth quarter. Seizert Capital Partners LLC now owns 2,178,703 shares of the auto parts company’s stock worth $65,797,000 after acquiring an additional 503,998 shares in the last quarter. SG Americas Securities LLC raised its position in LKQ by 3,046.7% in the fourth quarter. SG Americas Securities LLC now owns 270,525 shares of the auto parts company’s stock worth $8,170,000 after acquiring an additional 261,928 shares in the last quarter. Kennedy Capital Management LLC raised its position in LKQ by 41.2% in the third quarter. Kennedy Capital Management LLC now owns 314,467 shares of the auto parts company’s stock worth $9,604,000 after acquiring an additional 91,776 shares in the last quarter. Applied Finance Capital Management LLC raised its position in LKQ by 11.2% in the fourth quarter. Applied Finance Capital Management LLC now owns 596,682 shares of the auto parts company’s stock worth $18,020,000 after acquiring an additional 60,337 shares in the last quarter. Finally, Thompson Investment Management Inc. raised its position in LKQ by 14.0% in the fourth quarter. Thompson Investment Management Inc. now owns 374,299 shares of the auto parts company’s stock worth $11,304,000 after acquiring an additional 46,052 shares in the last quarter. 95.63% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research analysts have issued reports on LKQ shares. Wall Street Zen cut LKQ from a “buy” rating to a “hold” rating in a research report on Sunday, February 22nd. JPMorgan Chase & Co. cut their price objective on LKQ from $40.00 to $37.00 and set an “overweight” rating for the company in a research report on Monday, February 23rd. Barclays cut their price objective on LKQ from $34.00 to $33.00 and set an “equal weight” rating for the company in a research 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. Finally, Weiss Ratings upgraded LKQ from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, LKQ currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.33.
LKQ Price Performance
Shares of NASDAQ:LKQ opened at $25.22 on Monday. The stock’s 50-day moving average price is $28.48 and its two-hundred day moving average price is $30.39. The company has a current ratio of 1.54, a quick ratio of 0.60 and a debt-to-equity ratio of 0.51. LKQ Corporation has a 12-month low of $23.98 and a 12-month high of $39.99. The firm has a market cap of $6.43 billion, a price-to-earnings ratio of 12.49 and a beta of 0.83.
LKQ (NASDAQ:LKQ – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The auto parts company reported $0.67 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.67. LKQ had a return on equity of 11.65% and a net margin of 3.71%.The firm had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.39 billion. During the same period last year, the company earned $0.79 EPS. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. LKQ has set its FY 2026 guidance at 2.900-3.200 EPS. On average, research analysts forecast that LKQ Corporation will post 3 EPS for the current year.
LKQ Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend was Thursday, May 21st. LKQ’s payout ratio is currently 59.41%.
About LKQ
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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