Nykredit A S Makes New $60.72 Million Investment in LKQ Corporation $LKQ

Nykredit A S bought a new stake in LKQ Corporation (NASDAQ:LKQ) in the 2nd quarter, Holdings Channel.com reports. The firm bought 2,305,962 shares of the auto parts company’s stock, valued at approximately $60,716,000.

A number of other large investors have also recently made changes to their positions in the company. Harbor Investment Advisory LLC increased 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 acquiring an additional 650 shares during the period. Root Financial Partners LLC boosted its stake in LKQ by 142.4% during the 1st quarter. Root Financial Partners LLC now owns 1,217 shares of the auto parts company’s stock worth $36,000 after purchasing an additional 715 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new position in LKQ during the 2nd quarter worth $25,000. Cedar Mountain Advisors LLC purchased a new position in LKQ during the 1st quarter worth $28,000. Finally, Global Retirement Partners LLC acquired a new position in LKQ in the second quarter valued at $25,000. 95.63% of the stock is owned by institutional investors and hedge funds.

LKQ Price Performance

LKQ opened at $23.30 on Friday. LKQ Corporation has a 52-week low of $21.17 and a 52-week high of $37.13. The company has a 50 day moving average of $24.87 and a two-hundred day moving average of $26.98. The company has a market cap of $5.89 billion, a P/E ratio of 12.94 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:LKQ) last announced its earnings results on Thursday, July 30th. The auto parts company reported $0.67 earnings per share 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 for the quarter, compared to analyst estimates of $3.48 billion. During the same quarter in the prior year, the business earned $0.87 earnings per share. The firm’s revenue was down 3.0% on a year-over-year basis. LKQ has set its FY 2026 guidance at 2.600-2.900 EPS. On average, analysts expect that LKQ Corporation will post 2.67 earnings per share for the current year.

LKQ Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 20th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend was Thursday, August 20th. LKQ’s dividend payout ratio is 66.67%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Raymond James Financial set a $30.00 target price on shares of LKQ in a research note on Friday, July 31st. Roth Capital set a $35.00 price target on shares of LKQ in a research note on Monday, August 3rd. JPMorgan Chase & Co. cut their price target on shares of LKQ from $37.00 to $30.00 and set an “overweight” rating for the company in a report on Friday, July 31st. Weiss Ratings lowered LKQ from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, August 13th. Finally, Barclays cut their target price on LKQ from $30.00 to $25.00 and set an “equal weight” rating for the company in a research note on Monday, August 3rd. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, LKQ currently has a consensus rating of “Hold” and a consensus target price of $31.08.

LKQ Profile

LKQ Corporation is a global distributor of replacement parts, components and accessories for automobiles, trucks and other vehicles. The company supplies collision and mechanical repair parts, recycled original equipment parts, remanufactured components, aftermarket products and specialty vehicle equipment to professional repair businesses, insurers, dealerships and other customers.

LKQ operates through a network of distribution centers, parts facilities, salvage yards and self-service locations.