Lone Peak Global Investors LLC Buys 319,091 Shares of LKQ Corporation $LKQ

Lone Peak Global Investors LLC raised its stake in shares of LKQ Corporation (NASDAQ:LKQFree Report) by 77.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 729,538 shares of the auto parts company’s stock after buying an additional 319,091 shares during the quarter. LKQ comprises 2.6% of Lone Peak Global Investors LLC’s portfolio, making the stock its 18th biggest position. Lone Peak Global Investors LLC’s holdings in LKQ were worth $19,209,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the company. Global Retirement Partners LLC acquired a new stake in shares of LKQ in the 2nd quarter valued at approximately $25,000. Northwestern Mutual Wealth Management Co. acquired a new stake in LKQ in the second quarter worth $25,000. Harbor Investment Advisory LLC raised its holdings in LKQ by 260.0% in the first quarter. Harbor Investment Advisory LLC now owns 900 shares of the auto parts company’s stock worth $26,000 after purchasing an additional 650 shares during the period. Cedar Mountain Advisors LLC acquired a new position in shares of LKQ in the 1st quarter valued at $28,000. Finally, Essential Partners LLC acquired a new position in shares of LKQ in the 1st quarter valued at $30,000. 95.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Weiss Ratings lowered LKQ from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, August 13th. Robert W. Baird set a $30.00 price objective on LKQ in a report on Friday, July 31st. Barclays dropped their price objective on shares of LKQ from $30.00 to $25.00 and set an “equal weight” rating on the stock in a report on Monday, August 3rd. Roth Capital set a $35.00 target price on shares of LKQ in a research note on Monday, August 3rd. Finally, Stephens dropped their price target on LKQ from $39.00 to $36.50 and set an “overweight” rating on the stock in a research note on Tuesday, July 21st. Three 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 MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $31.08.

Read Our Latest Stock Report on LKQ

LKQ Stock Performance

Shares of LKQ stock opened at $24.71 on Wednesday. LKQ Corporation has a 12 month low of $21.17 and a 12 month high of $37.13. The company’s fifty day simple moving average is $25.36 and its 200-day simple moving average is $27.78. The firm has a market cap of $6.25 billion, a PE ratio of 13.73 and a beta of 0.85. The company has a quick ratio of 0.61, a current ratio of 1.58 and a debt-to-equity ratio of 0.52.

LKQ (NASDAQ:LKQGet Free Report) last issued its quarterly earnings results on Thursday, July 30th. The auto parts company reported $0.67 earnings per share (EPS) 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 business had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.48 billion. During the same quarter in the previous year, the firm posted $0.87 earnings per share. The firm’s quarterly revenue was down 3.0% on a year-over-year basis. LKQ has set its FY 2026 guidance at 2.600-2.900 EPS. Equities research analysts expect that LKQ Corporation will post 2.67 EPS for the current fiscal year.

LKQ Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date is Thursday, August 20th. LKQ’s dividend payout ratio (DPR) is currently 66.67%.

LKQ Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for LKQ (NASDAQ:LKQ)

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