Legal & General Group Plc Makes New Investment in LKQ Corporation $LKQ

Legal & General Group Plc purchased a new stake in shares of LKQ Corporation (NASDAQ:LKQ) during the second quarter, HoldingsChannel reports. The fund purchased 613,618 shares of the auto parts company’s stock, valued at approximately $16,157,000.

Other hedge funds have also recently made changes to their positions in the company. Integrated Wealth Concepts LLC bought a new stake in LKQ during the 1st quarter valued at approximately $278,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in LKQ by 2.6% in 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 stake in LKQ during the 1st quarter valued at approximately $1,162,000. BI Asset Management Fondsmaeglerselskab A S raised its position in shares of LKQ by 170.0% during the second 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, Kennedy Capital Management LLC raised its position in shares of LKQ by 41.2% during the third quarter. Kennedy Capital Management LLC now owns 314,467 shares of the auto parts company’s stock valued at $9,604,000 after buying an additional 91,776 shares during the last quarter. Institutional investors own 95.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on LKQ shares. Weiss Ratings lowered shares of LKQ from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, August 13th. Robert W. Baird set a $30.00 price target on shares of LKQ in a research note on Friday, July 31st. Zacks Research downgraded shares of LKQ from a “hold” rating to a “strong sell” rating in a report on Monday, August 3rd. Stephens reduced their target price on LKQ from $39.00 to $36.50 and set an “overweight” rating on the stock in a report on Tuesday, July 21st. Finally, Raymond James Financial set a $30.00 price target on LKQ in a research note on Friday, July 31st. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $31.08.

LKQ Stock Performance

Shares of NASDAQ:LKQ opened at $25.53 on Monday. The firm has a fifty day simple moving average of $25.39 and a two-hundred day simple moving average of $27.91. LKQ Corporation has a 52 week low of $21.17 and a 52 week high of $37.13. The company has a quick ratio of 0.61, a current ratio of 1.58 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $6.46 billion, a P/E ratio of 14.18 and a beta of 0.84.

LKQ (NASDAQ:LKQ) last announced its 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 for the quarter, compared to analysts’ expectations of $3.48 billion. During the same quarter in the prior year, the company posted $0.87 earnings per share. The firm’s quarterly revenue was down 3.0% compared to the same quarter last year. 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 fiscal year.

LKQ Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Thursday, August 20th. LKQ’s dividend payout ratio (DPR) is presently 66.67%.

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.