Man Group plc Takes $2.70 Million Position in LKQ Corporation $LKQ

Man Group plc acquired a new stake in LKQ Corporation (NASDAQ:LKQ) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 102,690 shares of the auto parts company’s stock, valued at approximately $2,704,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Harbor Investment Advisory LLC raised its holdings in shares of LKQ by 260.0% in the 1st quarter. Harbor Investment Advisory LLC now owns 900 shares of the auto parts company’s stock valued at $26,000 after purchasing an additional 650 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in shares of LKQ during the second quarter valued at approximately $25,000. Cedar Mountain Advisors LLC purchased a new position in LKQ during the first quarter valued at approximately $28,000. Global Retirement Partners LLC bought a new position in LKQ in the second quarter worth approximately $25,000. Finally, Essential Partners LLC bought a new position in LKQ in the first quarter worth approximately $30,000. 95.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Barclays cut 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. Zacks Research downgraded shares of LKQ from a “hold” rating to a “strong sell” rating in a report on Monday, August 3rd. Stephens lowered their price target on shares of LKQ from $39.00 to $36.50 and set an “overweight” rating on the stock in a report on Tuesday, July 21st. Raymond James Financial set a $30.00 price objective on shares of LKQ in a research note on Friday, July 31st. Finally, JPMorgan Chase & Co. cut their price target on shares of LKQ from $37.00 to $30.00 and set an “overweight” rating on the stock in a report on Friday, July 31st. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $31.08.

LKQ Stock Down 1.6%

NASDAQ:LKQ opened at $25.13 on Tuesday. The company has a current ratio of 1.58, a quick ratio of 0.61 and a debt-to-equity ratio of 0.52. LKQ Corporation has a twelve month low of $21.17 and a twelve month high of $37.13. The company has a market cap of $6.36 billion, a PE ratio of 13.96 and a beta of 0.84. The company’s 50 day moving average is $25.38 and its two-hundred day moving average is $27.85.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings results on Thursday, July 30th. The auto parts company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.04). LKQ had a return on equity of 10.84% and a net margin of 3.37%.The company had revenue of $3.41 billion during the quarter, compared to analysts’ expectations of $3.48 billion. During the same period in the prior year, the business posted $0.87 EPS. The company’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. Analysts anticipate that LKQ Corporation will post 2.67 EPS for the current year.

LKQ Dividend Announcement

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 paid a $0.30 dividend. The ex-dividend date is Thursday, August 20th. This represents a $1.20 dividend on an annualized basis and a yield of 4.8%. LKQ’s dividend payout ratio (DPR) is 66.67%.

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.